Lionsgate Q4 Profit Down 60%21 May, 2015 By: Erik Gruenwedel
Lionsgate May 21 reported a 60% decline in fourth-quarter (ended March 31) income of $19.6 million compared with income of $49.2 million during the prior-year period. Revenue in the quarter fell 11% to $646.1 million from $721.9 million a year ago.
Home entertainment revenue in the fiscal year topped $707 million, compared with almost $864 million in the prior year as a smaller slate of wide theatrical releases offset home entertainment gains from television production.
Fiscal-year revenue dropped 8.8% to 2.4 billion, from $2.6 billion a year ago. Revenue from TV program production jumped 30% to a record $579.5 million, from $447.4 million in the prior year, reflecting strong gains in all categories — domestic licensing and syndication, international revenue and home entertainment revenue from TV production.
Indeed, a record 238 episodes and 168 hours of domestic episodic programing was delivered in the fiscal year, including episodes of “Anger Management,” “Orange Is the New Black,” “Nashville,” “Mad Men,” “Manhattan,” “The Royals” and “Nurse Jackie.” The fiscal year also benefitted from significant domestic revenue from the talk show “The Wendy Williams Show” and game show “Family Feud.”
Lionsgate also recorded record international TV revenue from “Anger Management,” “Orange Is the New Black,” “Nashville” and “Mad Men.”
"We're … bolstered by a stellar performance from our television business, complemented by a great year on the strategic front as well," CEO Jon Feltheimer said in a statement.
Lionsgate management discusses the results in detail on a May 22 fiscal call.