The following is a summary of the Lions Gate Entertainment Corp. (LGF.A) Q4 2024 Earnings Call Transcript:
Financial Performance:
Lions Gate Entertainment Corp. reported a Q4 revenue of $1.1 billion, with an increase in adjusted OIBDA of 1.7% year-over-year. The Television group recorded a revenue of $469 million over a 50% increase year-over-year. The Motion Picture group reported a quarterly revenue of $411 million. For the fiscal year 2024, adjusted OIBDA reached $518 million, up 45%; total revenue increased by 4% to $4 billion; and adjusted free cash flow was up fourfold, reaching $230 million.
Business Progress:
The company launched Lionsgate Studios as a publicly traded company focusing on content creation, ownership, and distribution. The Motion Picture Group reported its highest segment profit in 10 years, owing to the latest releases from The Hunger Games, John Wick, and Saw franchises. Furthermore, the Television Group has rebounded with 7 series orders and renewals and 27 new shows in development. STARZ, another of Lionsgate's ventures, earns 64% of its revenue from streaming a figure that is expected to reach 70% by the fiscal year's end. The recent acquisition of eOne is set to further enrich the company's library and stimulate diversification within their Television Group. The company aims to complete the separation by the end of this calendar year. They are also considering making lower budget movies specifically for STARZ.
More details: Lions Gate Entertainment-A IR
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