Lionsgate posts sharply higher Q2 earnings and revenues
The Hunger Games (pictured) continues to feed Lionsgate’s bottom line.
The Vancouver, Canada-based mini-studio on Thursday reported a huge swing to a second quarter profit of US$75.5 million, against a loss of US$25.3 million in the same period of 2011.
After accounting for the home entertainment release of the teen tentpole for the three months to September 30, Lionsgate revenue was up 97% to US$707 million.
The strong Q2 earnings follows Lionsgate acquiring Summit Entertainment, which enables a look ahead to the November 16 release of The Twilight Saga: Breaking Dawn Part 2.
Adding in the Summit titles during the second quarter lifted overall motion picture revenue to US$608 million, up 178% year-on-year.
Lionsgate also posted sharply higher theatrical revenue, home entertainment revenue and international motion picture revenue.
From Playback online