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Lionsgate Shrinks Quarterly Losses as TV Business Gets Post-Strikes Bounce
Lionsgate, which recently spun off its studio business, reports quarterly earnings, beating Wall Street estimates
Quarterly losses shrank at Lionsgate and revenues climbed as the company’s television business rebounded from the twin strikes that had shut down production for much of 2023. The earnings report comes after Lionsgate Studios debuted as a standalone public entity on May 14, trading as a single class of stock under the Nasdaq ticker symbol LION — a step toward the full separation of its studio business and Starz. Lionsgate’s television business, which includes hit shows such as “Ghosts,” was the star of the quarter.
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