Get ready to celebrate, movie lovers! Lionsgate has just announced its fiscal fourth-quarter results, and they’re even better than expected. Thanks to the success of John Wick: Chapter 4 and the company’s massive library of 18,000 films and TV shows, Lionsgate posted adjusted earnings per share of 21 cents, beating analysts’ predictions of a 9 cent loss. And with revenue of nearly $1.09 billion, up 17% from the previous year, Lionsgate is definitely on a winning streak.
But that’s not all. Lionsgate’s Media Networks unit saw a 2% increase in revenue, while profit more than doubled to $73.3 million. And with a total of 30.3 million subscribers across linear and streaming platforms, Lionsgate is clearly a force to be reckoned with in the world of entertainment.
Of course, we can’t forget about the movies and TV shows themselves. Plane and Jesus Revolution both brought in over $50 million at the box office, while John Wick: Chapter 4 has already grossed a franchise-best $428 million. And with hit shows like Ghosts, Love & Death, and Selling Sunset, Lionsgate’s television studio is also firing on all cylinders.
So what’s next for Lionsgate? Wall Street is eagerly awaiting news about the company’s plans for its Starz subsidiary and studio assets. But for now, let’s just bask in the glow of Lionsgate’s impressive fiscal fourth-quarter results.
