Lionsgate Q3 Profit Declines - Quick Facts

(RTTNews) - Lionsgate (LGF) said its revenue, adjusted EBITDA and EPS for the third quarter ended December 31, 2015 declined from a year ago, due to the performance of the theatrical film slate. Adjusted net income attributable to shareholders was $66.8 million or $0.45 per share, for the quarter. On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.49. Analysts' estimates typically exclude special items.

Lionsgate reported third-quarter net income attributable to shareholders of $40.7 million or $0.26 per share compared to $98.2 million or $0.65 per share, last year. Adjusted EBITDA was $53.6 million compared to $146.8 million.

Revenue decreased to $670.5 million from $751.3 million, prior year. Analysts expected revenue of $767.41 million for the quarter. Overall Motion Picture segment revenue was $505.8 million compared to $590.1 million.

"While the performance of our theatrical film slate resulted in softer than anticipated results, our other businesses performed strongly in the quarter. With our television business continuing its robust topline and margin growth, a deeper and more diversified film slate with lower costs and contributions anticipated from recently launched businesses, we have a clear path to resume our strong and sustainable financial trajectory in fiscal 2017," said Lionsgate CEO Jon Feltheimer.