Earnings release
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LIONSGATE LIONSGATE REPORTS RESULTS FOR FIRST QUARTER FISCAL 2022 Aug. 05 , 2021 First Quarter Revenue was $ 901.2 Million ; Operating Income was $ 20.3 Million ; Net Loss Attributable to Lionsgate Shareholders was $ 45.4 Million or $ 0.20 Diluted Net Loss per Share Adjusted OIBDA was $ 119.8 Million Global Media Networks Subscribers were 28.9 Million Global Streaming Subscribers were 16.7 Million , reflecting 58 % Year - Over - Year Growth ; STARZPLAY International Subscribers More than Doubled Year Over - Year to 7.0 Million Film & Television Library Revenue was $ 740 Million for Trailing 12 Months SANTA MONICA , Calif . , and VANCOUVER , B.C. , Aug. 5 , 2021 / PRNewswire / -- Lionsgate ( NYSE : LGF.A , LGF.B ) today reported first quarter ( quarter ended June 30 , 2021 ) revenue of $ 901.2 million , operating income of $ 20.3 million and net loss attributable to Lionsgate shareholders of $ 45.4 million or $ 0.20 diluted net loss per share on 221.8 million diluted weighted average common shares outstanding . Adjusted net income attributable to Lionsgate shareholders in the quarter was $ 42.4 million or adjusted diluted EPS of $ 0.18 on 229.2 million diluted weighted average common shares outstanding , with adjusted OIBDA of $ 119.8 million . LIONSGATE " I'm pleased to report that we were able to lean into our resilient business model to drive strong financial results in the quarter , " said Lionsgate CEO Jon Feltheimer . " We filled our content pipelines with exciting new properties and added valuable new titles to our library . Like the rest of the industry , Starz subscriber growth was impacted by the decline in at home viewership and , importantly , a light content quarter due to COVID - driven production delays . However , the strong opening of Power Book III : Raising Kanan two weeks after the quarter ended sparked a return to strong global subscriber growth which we expect to continue for the rest of the year . " Revenue from Lionsgate's 17,000 - title film and television library was $ 740 million for the trailing 12 months . Lionsgate announced the acquisition of the Spyglass Media Group library after the end of the quarter . First Quarter Results Segment Results Media Networks segment revenue of $ 382.3 million was up 4 % from the prior year quarter while segment profit increased 23 % to $ 88.2 million driven by lower cadence of programming and content spend . Total Media Networks global subscribers increased to 28.9 million year - over - year including STARZPLAY Arabia , a non - consolidated equity method investee , driven by robust domestic and international streaming subscriber growth . Global OTT streaming subscribers increased 58 % year - over - year to 16.7 million . STARZPLAY International subscribers grew 106 % year - over - year to 7.0 million . Motion Picture segment revenue was up 4 % to $ 291.2 million and segment profit declined to $ 44.3 million compared to $ 101.1 million in the prior year quarter . The decline in segment profit compared to the prior year quarter was attributable to higher P & A spend in the quarter compared to the prior year , which had no theatrical releases due to COVID - 19 theater closures . 10 Television Production segment revenue of $ 386.1 million was up 97 % compared to the prior year quarter , and segment profit of $ 3.0 million reflects the deliveries of new series . Lionsgate Television is coming off one of its strongest years with 13 new series orders , seven pilots picked up to series and all of last year's freshman series renewed for second seasons . Lionsgate senior management will hold its analyst and investor conference call to discuss its fiscal 2022 first quarter results at 5:00 PM ET / 2 : 00 PM PT this afternoon , August 5. Interested parties may listen to the live webcast by visiting the events page on the Lionsgate Investor Relations website or via https://services.choruscall.com/links/lgf210805UtyGTSXL.htmlhttps://services.choruscall.com/links/lgf210527xz7jqpLo.html . A full replay will become available this evening 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 : Nilay Shah 310-255-3651 nshah@lionsgate.com For media inquiries , please contact : Peter 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 ;