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TORONTO — Lionsgate has shown strong fourth-quarter profit on sharply higher revenue, as it was buoyed in part by Twilight franchise video sales and strong TV deliveries, including Mad Men and Anger Management episodes.
The mini-studio posted earnings of $163 million for the three months to March 31, against a year-ago loss of $22.7 million, on revenue up 21 percent to $785.7 million.
Lionsgate’s 2013 revenue was up 71 percent to $2.71 billion, while earnings swung to $232 million, against a 2012 loss of $39.1 million.
The full-year gains came from sales increases in Lionsgate’s theatrical, home entertainment, international and Lionsgate U.K. businesses, underpinned by the performance of the Hunger Games and Twilight movie franchises.
“We completed a stellar fiscal 2013 with an outstanding fourth quarter that reflected strong contributions from our young adult franchises, as well as the rest of our theatrical slate and our home entertainment and international businesses,” said Lionsgate CEO Jon Feltheimer, in a statement Thursday.
Overall motion picture segment revenue for fiscal 2013 rose 96 percent to $2.33 billion.
Theatrical revenue within the motion picture segment jumped 156 percent to $535.5 million on box-office returns from The Twilight Saga: Breaking Dawn — Part 2, The Expendables 2 and The Hunger Games from the 2012 slate.
Lionsgate’s home entertainment revenue from both motion pictures and TV was up 41 percent to $964.1 million.
And digital media revenue rose 46 percent to $276.6 million in 2013, while TV revenue in the motion picture segment doubled to $277.9 million during the same period.
Elsewhere, Lionsgate U.K. revenue was up 46 percent to $147.7 million, while TV production was off slightly to $379 million, against a 2012 total of $397.3 million. This was due to lower home entertainment revenue for TV programming.
Lionsgate executives will hold an analyst call to discuss their latest financial results on Friday morning.
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