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Lionsgate Revenue Up 12%, Posts Q3 Loss with Starz Purchase
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Lionsgate Entertainment Corp. (LGF.A - Free Report) just released its third quarter 2017 financial results, posting earnings of $0.11 per share and revenues of $752 million. Currently, LGF.A is a Zacks Rank #2 (BUY), and is down 1.81% to $27.20 per share in after-hours trading shortly after its earnings report was released.
Beat earnings estimates. The company posted earnings of $0.11 per share, topping the Zacks Consensus Estimate of $0.10 per share, which excludes 30 cents from non-recurring items.
Missed revenue estimates. The company saw revenue figures of $752 million, missing our consensus estimate of $771 million.
Lionsgate’s revenues jumped 12% to $752 million, bolstered by its TV production end, which now includes Starz. However, the company reported a loss of $31 million in the third quarter, due to costs related to its Dec. 8, 2016 $4.4 billion purchase of the premium cable network.
The company’s TV production revenue increased 39% to $229 million due its part in Netflix’s (NFLX - Free Report) Orange is the New Black. And the company’s most recent hit movie, La La Land, which has grossed $270 million to date and earned a record-tying 14 Academy Award nominations, hasn’t hit the books yet.
“We’re pleased to report increased profits across our film, television and media networks divisions as well as another strong revenue performance from our Television Group,” said Jon Feltheimer, Lionsgate CEO, in its press release.
"We've just completed one of our busiest and most productive quarters ever as we continue to scale our global content platform and integrate Starz into our operations. Our strong film and television offerings are now complemented by our Starz premium network that is becoming a "must-have" value proposition for the digital age."
Here’s a graph that looks at Lionsgate’s Price, Consensus and EPS Surprise.
Lions Gate Entertainment Corporation Price, Consensus and EPS Surprise
Lionsgate is an entertainment company with a presence in motion picture production and distribution, television programming and syndication, home entertainment, digital distribution and new channel platforms. It is engaged in the development and production of feature films, North American theatrical, home entertainment, and television distribution of feature films and worldwide licensing of distribution rights to feature films. Lions Gate Entertainment Corp. is headquartered in Vancouver, British Columbia.
Check back later for our full analysis on Lions Gate’s earnings report!
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Lionsgate Revenue Up 12%, Posts Q3 Loss with Starz Purchase
Lionsgate Entertainment Corp. (LGF.A - Free Report) just released its third quarter 2017 financial results, posting earnings of $0.11 per share and revenues of $752 million. Currently, LGF.A is a Zacks Rank #2 (BUY), and is down 1.81% to $27.20 per share in after-hours trading shortly after its earnings report was released.
Beat earnings estimates. The company posted earnings of $0.11 per share, topping the Zacks Consensus Estimate of $0.10 per share, which excludes 30 cents from non-recurring items.
Missed revenue estimates. The company saw revenue figures of $752 million, missing our consensus estimate of $771 million.
Lionsgate’s revenues jumped 12% to $752 million, bolstered by its TV production end, which now includes Starz. However, the company reported a loss of $31 million in the third quarter, due to costs related to its Dec. 8, 2016 $4.4 billion purchase of the premium cable network.
The company’s TV production revenue increased 39% to $229 million due its part in Netflix’s (NFLX - Free Report) Orange is the New Black. And the company’s most recent hit movie, La La Land, which has grossed $270 million to date and earned a record-tying 14 Academy Award nominations, hasn’t hit the books yet.
“We’re pleased to report increased profits across our film, television and media networks divisions as well as another strong revenue performance from our Television Group,” said Jon Feltheimer, Lionsgate CEO, in its press release.
"We've just completed one of our busiest and most productive quarters ever as we continue to scale our global content platform and integrate Starz into our operations. Our strong film and television offerings are now complemented by our Starz premium network that is becoming a "must-have" value proposition for the digital age."
Here’s a graph that looks at Lionsgate’s Price, Consensus and EPS Surprise.
Lions Gate Entertainment Corporation Price, Consensus and EPS Surprise
Lions Gate Entertainment Corporation Price, Consensus and EPS Surprise | Lions Gate Entertainment Corporation Quote
Lionsgate is an entertainment company with a presence in motion picture production and distribution, television programming and syndication, home entertainment, digital distribution and new channel platforms. It is engaged in the development and production of feature films, North American theatrical, home entertainment, and television distribution of feature films and worldwide licensing of distribution rights to feature films. Lions Gate Entertainment Corp. is headquartered in Vancouver, British Columbia.
Check back later for our full analysis on Lions Gate’s earnings report!
Just Released – Driverless Cars: Your Roadmap to Mega-Profits Today
In this latest Special Report, Zacks’ Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making – autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>