Lions Gate Entertainment Corp. (LGF-A) Tops Q2 EPS by 37c

Lions Gate Entertainment Corp. (NYSE: LGF-A) reported Q2 EPS of $0.22, $0.37 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $901 million versus the consensus estimate of $890.97 million.

The Company generated $99.5 million in free cash flow during the quarter.

Starz reported record growth in the quarter driven by a sequential increase of 1.3 million subscribers to a total of 25.1 million domestic subscribers with strong gains in both over-the-top (OTT) and traditional MVPD (multichannel video programming distributor) subscribers.

"We're pleased to report a strong quarter with robust free cash flow and outstanding growth at Starz," said Lionsgate Chief Executive Officer Jon Feltheimer. "Our great results at Starz reflect our slate of hit premium programming, strong over the top subscriber growth and retention, and healthy gains in our MVPD business. Coupled with the global expansion strategy we have begun to execute, we see a very clear path to outsized value creation for our platform."

For earnings history and earnings-related data on Lions Gate Entertainment Corp. (LGF-A) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Newton Golf Company (NWTG) Reports Q2 Loss of $0.49
• HeartCore Enterprises, Inc. (HTCR) Misses Q2 EPS by 185c