Lionsgate Reports Q1 Fiscal 2025 Results

TL;DR

Lionsgate dropped its Q1 FY25 numbers. Check the filing for the deets.

AI Summary

Lionsgate Entertainment Corp. reported its first quarter results for the fiscal year ending March 31, 2025, on August 8, 2024. The company's filing details its financial performance and operational updates for the period ending June 30, 2024. Specific financial figures and operational metrics are provided within the report.

Why It Matters

This filing provides investors with the latest financial health and operational performance of Lionsgate Entertainment, crucial for understanding the company's trajectory in the competitive media landscape.

Risk Assessment

Risk Level: medium — As a publicly traded company in the entertainment sector, Lionsgate faces inherent risks related to content performance, market competition, and evolving consumer behavior.

Key Numbers

• 2025 — Fiscal Year End (The report covers the period ending June 30, 2024, within the fiscal year 2025.)

Key Players & Entities

• LIONS GATE ENTERTAINMENT CORP /CN/ (company) — Filer
• 0000929351-24-000017 (other) — Accession Number
• 20240630 (date) — Period of Report
• 20240808 (date) — Filed as of Date
• SANTA MONICA, CA (location) — Business Address
• VANCOUVER, A1 (location) — Mail Address

FAQ

Filing Documents

• lgfa-20240630.htm (10-Q) — 2216KB
• ex311q1f202510-q.htm (EX-31.1) — 10KB
• ex312q1f202510-q.htm (EX-31.2) — 10KB
• ex321q1f202510-q.htm (EX-32.1) — 9KB
• 0000929351-24-000017.txt ( ) — 12146KB
• lgfa-20240630.xsd (EX-101.SCH) — 97KB
• lgfa-20240630_cal.xml (EX-101.CAL) — 118KB
• lgfa-20240630_def.xml (EX-101.DEF) — 579KB
• lgfa-20240630_lab.xml (EX-101.LAB) — 899KB
• lgfa-20240630_pre.xml (EX-101.PRE) — 746KB
• lgfa-20240630_htm.xml (XML) — 1959KB

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION 1. Financial Statements 4 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 43 3. Quantitative and Qualitative Disclosures About Market Risk 73 4. Controls and Procedures 75

— OTHER INFORMATION

PART II — OTHER INFORMATION 1. Legal Proceedings 76 1A. Risk Factors 76 2. Unregistered Sales of Equity Securities and Use of Proceeds 76 3. Defaults Upon Senior Securities 76 4. Mine Safety Disclosures 76 5. Other Information 76 6. Exhibits 77 2 Table of Contents

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This report includes statements that are, or may be deemed to be, "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "anticipates," "believes," "continue," "could," "estimates," "expects," "forecasts," "intends," "may," "might," "plans," "possible," "potential," "predicts," "projects," "seek," "should," "targets," "will," "would" or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this report and include statements regarding our intentions, beliefs or current expectations concerning, among other things, our results of operations, financial condition, liquidity, prospects, growth, strategies and the industry in which we operate, including statements regarding our restructuring plan and expected charges and timing. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We believe that these risks and uncertainties include, but are not limited to, those discussed under Part I, Item 1A. "Risk Factors" found in our Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") on May 30, 2024, (the "Form 10-K"), which risk factors are incorporated herein by reference, as updated by any update to the risk factors found under Part II, Item 1A. "Risk Factors" herein. These risk factors should not be construed as exhaustive and should be read with the other cautionary statements and information in our Form 10-K, and this report. We caution you that forward-looking statemen

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. LIONS GATE ENTERTAINMENT CORP. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS June 30, 2024 March 31, 2024 (Amounts in millions) ASSETS Cash and cash equivalents $ 192.5 $ 314.0 Accounts receivable, net 654.5 753.0 Other current assets 396.9 396.5 Total current assets 1,243.9 1,463.5 Investment in films and television programs and program rights, net 3,215.6 2,762.2 Property and equipment, net 85.3 88.5 Investments 77.7 74.8 Intangible assets, net 954.0 991.8 Goodwill 812.1 811.2 Other assets 833.6 900.7 Total assets $ 7,222.2 $ 7,092.7 LIABILITIES Accounts payable $ 320.2 $ 327.6 Content related payables 186.7 190.0 Other accrued liabilities 328.6 355.1 Participations and residuals 608.9 678.4 Film related obligations 1,666.0 1,393.1 Debt - short term portion 649.6 860.3 Deferred revenue 374.2 187.6 Total current liabilities 4,134.2 3,992.1 Debt 1,544.9 1,619.7 Participations and residuals 442.4 435.1 Film related obligations 356.4 544.9 Other liabilities 529.0 556.4 Deferred revenue 116.8 118.4 Deferred tax liabilities 24.5 13.3 Total liabilities 7,148.2 7,279.9 Commitments and contingencies (Note 16) Redeemable noncontrolling interests 123.0 123.3 EQUITY (DEFICIT) Class A voting common shares, no par value, 500.0 shares authorized, 83.6 shares issued (March 31, 2024 - 83.6 shares issued) 673.8 673.6 Class B non-voting common shares, no par value, 500.0 shares authorized, 152.3 shares issued (March 31, 2024 - 151.7 shares issued) 2,490.4 2,474.4 Accumulated deficit ( 3,242.7 ) ( 3,576.7 ) Accumulated other comprehensive income 93.1 116.0 Total Lions Gate Entertainment Corp. shareholders' equity (deficit) 14.6 ( 312.7 ) Noncontrolling interests ( 63.6 ) 2.2 Total equity (deficit) ( 49.0 ) ( 310.5 ) Total liabilities, redeemable noncontrolling interests and equity (deficit) $ 7,222.2 $ 7,092.7 See accompanying notes. 4 Table of Contents LIONS GATE ENTERTAINMENT CORP. UNAUDITED

View Full Filing

View this 10-Q filing on SEC EDGAR