Lionsgate topped Wall Street’s earnings per share (EPS) and revenue forecasts on Thursday when the media company revealed its results for the fourth quarter of 2017.
The company reported 30 cents of EPS on revenue of $1.26 billion, fairly comfortably topping media analysts’ marks of 22 cents and $1.19 billion, respectively.
On the annual basis, Lionsgate posted $3.2 billion in revenue, resulting in 9 cents of earnings per share. The full year’s financials reflect Lionsgate’s 2016 purchase of Starz, which came with an $89 million restructuring charge.
In the most recent 90-day period, Lionsgate’s Media Networks arm increased its profits 10.7