- Share this article on Facebook
- Share this article on Twitter
- Share this article on Flipboard
- Share this article on Email
- Show additional share options
- Share this article on Linkedin
- Share this article on Pinit
- Share this article on Reddit
- Share this article on Tumblr
- Share this article on Whatsapp
- Share this article on Print
- Share this article on Comment
TORONTO – Lionsgate on Monday saw its shares hit a new all-time high as it showed the latest fruits of its Twilight franchise.
Stock in Lionsgate closed Monday on the New York Stock Exchange at a new all-time high as it rose 4 percent in heavy trading to $19.89, just off its high for the day and well up from a 52-week low of $11.09.
The stock performance came just ahead of the Vancouver-based mini-studio swinging to a third-quarter profit of $37.8 million, compared to a year-earlier loss of $1.4 million.
Revenue for the three months to December 31 came to $743.6 million, compared with $323 million in 2011, when the mini-studio had no wide theatrical releases.
During the latest frame, revenue rose 130 percent due to the theatrical box office performance of The Twilight Saga: Breaking Dawn Part 2 and other releases.
The latest results come a year after Lionsgate acquired privately-held Summit Entertainment, using Twilight cash-flow to fund the $412 million leveraged buyout.
The takeover brought the Twilight and Hunger Games movie franchises under one corporate brand.
Overall Q3 motion-picture revenue rose 189 percent to $673.5 million.
Within the motion-picture segment, theatrical revenue was $192.9 million, against $8.4 million in 2012, on the strength of the box office from The Twilight Saga: Breaking Dawn Part 2, Sinister, The Impossible and other titles.
Ahead of the March 2 DVD release of The Twilight Saga, Breaking Dawn Part 2, home-entertainment revenue was up 43 percent to $233 million.
Looking ahead to an analyst call Tuesday morning, Lionsgate CEO Jon Feltheimer on Monday said in a statement: “The quarter reflected not only the impact of our young adult franchises but strong contributions from the rest of our theatrical releases and our home entertainment and international operations.”
Sign up for THR news straight to your inbox every day