The entertainment company’s revenues for the nine months ended December 31, 2019, came to $2.95bn — up from $2.77bn from the year prior.
Global content leader Lionsgate has reported revenue of $998.5m for the quarter ended December 31, 2019. The company generated cash flow from operations of $215.9m and adjusted free cash flow of $88.4m.
Global subscribers from Starz, StarzPlay Arabia and PANTAYA reached 28.5m in the quarter and global OTT subscribers reached 8.6m. The overall global total reflected an increase of 2.1m subscribers, up 8% year-over-year. Total Media Networks domestic subscribers were down 1.2m year-over-year to 24.1m.
Television Production segment revenue was $189.4m and segment loss was $5.7m, primarily due to the timing of production schedules and episodic deliveries, including development costs and deficits for new series.
The company has projected StarzPlay international subscriber growth to between 15m and 25m over the next five years.
Commenting on the figures, Lionsgate CEO Jon Feltheimer, said: “Our Motion Picture Group turned in a strong performance in the quarter, led by the worldwide box office success of Knives Out, while our Television Group secured a number of important scripted series and pilot commitments and Starz continued to grow its over-the-top platform worldwide. Our StarzPlay international rollout remains on track to achieve financial and subscriber targets that we expect to translate into meaningful incremental value creation.”