Lionsgate Posts Quarterly Loss After ‘Ballerina’ Disappoints


After spinning off its Starz cable and streaming business, Lionsgate’s posted a $94 million net loss during its most recent quarter. The company, which now consists of its film and television studios, released “The Studio,” a critically acclaimed Hollywood satire that it produces for Apple TV+, as well as debuted “Ballerina,” a “John Wick” spinoff that disappointed at the box office. The film business, which also released “Another Simple Favor,” was a drag on earnings, even as its TV unit saw profits double.

Revenues at the overall company topped out at $555.9 million. Lionsgate posted an operating loss of $10.6 million. Adjusted earnings per share came in at 35 cents.

That was roughly in line with analysts’ expectations. Lionsgate beat Wall Street’s revenue estimate of $553 million, but fell just short of projections that had it reporting earnings per share of 25 cents. Shares of Lionsgate were up slightly in after-hours trading.

“In a…



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