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LIONSGATE LIONSGATE REPORTS RESULTS FOR THIRD QUARTER FISCAL 2021 Feb. 04 , 2021 Revenue was $ 836.4 Million ; Net Loss Attributable to Lionsgate Shareholders was $ 13.9 Million or Diluted Loss Per Share of $ 0.06 ; Adjusted Diluted Earnings Per Share was $ 0.21 Operating Income was $ 37.1 Million and Adjusted OIBDA was $ 133.8 Million Global Subscribers Reached 28.0 Million in the Quarter , with Global OTT Subscribers Increasing 900,000 to 14.6 Million Library Achieved Record Trailing 12 Month ( TTM ) Revenue of $ 765 Million SANTA MONICA , Calif . , and VANCOUVER , British Columbia , Feb. 4 , 2021 / PRNewswire / -- Global content leader Lionsgate ( NYSE : LGF.A , LGF.B ) today reported revenue of $ 836.4 million and net loss attributable to Lionsgate shareholders of $ 13.9 million , or fully diluted loss per share of $ 0.06 , on 220.8 million diluted weighted average common shares outstanding for the quarter ended December 31 , 2020. Adjusted net income attributable to Lionsgate shareholders was $ 45.9 million , or adjusted diluted earnings per share of $ 0.21 , operating income was $ 37.1 million , and adjusted OIBDA was $ 133.8 million . Cash flow used in operating activities was $ 44.2 million and adjusted free cash flow was positive $ 110.7 million in the quarter . LIONSGATE Media Networks global subscribers , including STARZPLAY Arabia , a non - consolidated equity method investee , increased to 28.0 million , with global OTT subscribers increasing 900,000 to 14.6 million , 52 % of the total . STARZPLAY International OTT subscribers grew 26 % in the quarter and domestic OTT subscribers posted solid gains of 300,000 . The Company's film & television library achieved record TTM revenue of $ 765 million with its second best revenue quarter ever . The Company ended the quarter with $ 551 million in cash and cash equivalents . " We're pleased to report our fourth strong quarter in a row - strong in terms of financial results , global subscriber growth at STARZ and another outsized library performance , all reflecting the continued resilience of our business model , " said Lionsgate CEO Jon Feltheimer . " With the strong year we're having in F21 , we're in great shape to take advantage of the imbalance between content supply and demand in the current environment with an increased investment in content and marketing across our core businesses in F22 . " Segment Results Media Networks segment revenue was up 6 % from the prior year quarter at $ 406.2 million driven by domestic and international OTT revenue and subscriber growth . Segment profit of $ 81.7 million was down 20 % on increased investment in content & marketing . Motion Picture segment revenue was $ 250.3 million , reflecting fewer theatrical releases in the quarter due to continued theatrical closings related to the COVID - 19 pandemic . Motion Picture segment profit of $ 50.0 million was comparable to $ 49.0 million in the prior year quarter despite higher theatrical and ancillary revenues in the prior year quarter . Television Production segment revenue was up 20.5 % from the prior year quarter at $ 228.2 million and segment profit of $ 29.5 million compared to a loss of $ 5.7 million in the prior year quarter , driven by strong television library revenues and the performance of 3 Arts Entertainment in the quarter . Lionsgate senior management will hold its analyst and investor conference call to discuss its fiscal 2021 third quarter results at 5:00 PM ET / 2 : 00 PM PT this afternoon , February 4. Interested parties may listen to the live webcast by visiting the events page on the Lionsgate corporate website or via https://services.choruscall.com/links/lgf210204HgWZmqe3.html . A full replay will become available later this afternoon by clicking the same link . ABOUT LIONSGATE Combining the STARZ premium global subscription platform with world - class motion picture and television studio operations , Lionsgate ( NYSE : LGF.A , LGF.B ) brings a unique and varied portfolio of entertainment to consumers around the world . Its film , television , subscription and location - based entertainment businesses are backed by a 17,000 - title library and the largest collection of film and television franchises in the independent media space . A digital age company driven by its entrepreneurial culture and commitment to innovation , the Lionsgate brand is synonymous with bold , original , relatable entertainment for the audiences it serves worldwide . For further information , investors should contact : James Marsh 310-255-3651 jmarsh@lionsgate.com For media inquiries , please contact : Peter D. Wilkes 310-255-3726 pwilkes@lionsgate.com The matters discussed in this press release include forward - looking statements , including those regarding the performance of future fiscal years . Such statements are subject to a number of risks and uncertainties . Actual results in the future could differ materially and adversely from those described in the forward - looking statements as a result of various important factors , including the potential effects of the COVID - 19 global pandemic on the Company , economic and business conditions ; the substantial investment of capital and increased costs required to produce and market films and television series ; budget overruns ; limitations imposed by our credit facilities and notes ; unpredictability of the commercial success of our motion pictures and television programming ; risks related to acquisition and integration of acquired businesses ; the effects of dispositions of businesses or assets , including individual films or libraries ; the cost of defending our intellectual property ; technological changes and other trends affecting the entertainment industry ; potential adverse reactions or changes to business or employee relationships ; other trends affecting the entertainment industry ; and the other risk factors as set