Separation of Lionsgate and Starz
Lionsgate completed the separation of Lionsgate and Starz, began trading on the New York Stock Exchange under the ticker symbol LION, and collapsed two classes of stock into one.
Record Library Revenue
The library achieved a record performance with trailing twelve-month revenue of $956 million, driven by strong organic replenishment and the rollout of new proprietary FAST and AVOD channels.
Strong Motion Picture Group Performance
Motion Picture revenue was up 28% year over year to $526 million, and segment profit reached a ten-year high of $135 million, up 65% year over year.
Television Group Success
The TV group secured key series renewals including Ghosts, The Rookie, The Sherri Shepherd Show, and Yellowjackets, and launched new hit shows like The Studio on Apple TV Plus.
Financial Performance
Lionsgate Studios revenue was up 22% year over year to $1.1 billion. Adjusted OIBDA reached a ten-year high, up 49% to $138 million, and operating income was significantly up to $94 million.