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New Lionsgate Studios Swings To The Black, Revenue Pops In First Quarterly Report As Standalone Company
The newly solo Lionsgate Studios swung to a profit last quarter as motion picture revenue surged. The numbers are its first since splitting with Starz.
Motion Picture segment profit surged 65% to $135.3 million — the highest in 10 years — driven by the box office success of the midbudget films Den of Thieves 2: Pantera and Flight Risk, as well as more non-theatrical content deliveries, robust library demand and lower P&A spend. Lionsgate Entertainment completed the full separation of its studio and Starz businesses into two standalone, publicly-traded companies on May 7 after years of starts and stops. Starz senior management led by CEO Jeff Hirsch will discuss key metrics from its fourth quarter fiscal 2025 on May 29.
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