Lionsgate on Thursday reported Q4 earnings with the quarter ending on March 31, 2021, with revenue coming in at $876.4 million, beating Wall Street expectations. However, Lionsgate reported a net loss attributable to Lionsgate shareholders of $37.7 million.
Analysts following the stock via Yahoo Finance had expected Lionsgate to report a revenue of $809.31 million. However, it as down from a year-earlier $944.3 million. The company also reported a loss of 17 cents per share, although analysts had expected a 31 cents loss per share.
While the Motion Picture segment revenue declined to $292.4 million compared to $393.3 million in the prior year quarter, Lionsgate saw an uptick in the Media Networks segment of 12%.