Lionsgate Cruises Past Wall Street’s Q1 Estimates As Starz Notches Subscriber Gains, Expands In Europe

Deadline | 8/9/2018 | Dade Hayes
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Analysts had called for a loss of 7 cents a share and revenue of $885.1 million.

Metrics - Quarter - June - Downturn - Period

The key metrics in the quarter ending June 30 represented a downturn from the year-earlier period, when the company reported earnings of 8 cents a share and revenue of $1.01 billion. That quarter had included the surprising gains from the second John Wick installment and strong ancillary business for La La Land.

Starz reported a sequential increase of 300,000 subscribers in the quarter ending June 30, recording gains in both traditional MVPD and OTT subscribers. Along with the financial results, the company also announced that it has entered agreements to launch StarzPlay branded channels in France, Italy and Spain, following previous launches in the UK and Germany.

Company - Bit - Assertions - Viability - Industry

The company has appeared to pull back a bit from its vocal assertions of its viability in the industry’s ongoing M&A conversations, instead focusing on shoring up its business units, including the film operations being guided by returning executive Joe Drake. In June, as Deadline first reported, Damon Wolf came aboard as worldwide head of marketing, replacing the formerly bulletproof Tim Palen in a sign of corporate restlessness.

Investor sentiment...
(Excerpt) Read more at: Deadline
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