Lionsgate Entertainment Q2 2025 Filing Released

TL;DR

Lionsgate dropped its Q2 2025 10-Q. Check financials.

AI Summary

Lionsgate Entertainment Corp. reported its second quarter results for the fiscal year ending March 31, 2025. The company's financial performance for the period ending September 30, 2024, is detailed in this 10-Q filing. Specific financial figures and operational details are provided within the document.

Why It Matters

This filing provides investors and analysts with the latest financial performance data for Lionsgate, crucial for understanding the company's current health and future prospects in the entertainment industry.

Risk Assessment

Risk Level: medium — 10-Q filings are standard financial reports, but the entertainment industry can be volatile, impacting company performance.

Key Players & Entities

• LIONS GATE ENTERTAINMENT CORP /CN/ (company) — Filer
• 20240930 (date) — Reporting Period End Date
• 20241112 (date) — Filing Date
• SANTA MONICA, CA (location) — Business Address City and State
• VANCOUVER, A1 (location) — Mail Address City and Province

FAQ

Filing Documents

• lgfa-20240930.htm (10-Q) — 3101KB
• exhibit4112.htm (EX-4.1 12) — 21KB
• exhibit422.htm (EX-4.2 2) — 21KB
• ex311q2f202510-q.htm (EX-31.1) — 10KB
• ex312q2f202510-q.htm (EX-31.2) — 10KB
• ex321q2f202510-q.htm (EX-32.1) — 9KB
• 0000929351-24-000023.txt ( ) — 14137KB
• lgfa-20240930.xsd (EX-101.SCH) — 100KB
• lgfa-20240930_cal.xml (EX-101.CAL) — 121KB
• lgfa-20240930_def.xml (EX-101.DEF) — 604KB
• lgfa-20240930_lab.xml (EX-101.LAB) — 913KB
• lgfa-20240930_pre.xml (EX-101.PRE) — 779KB
• lgfa-20240930_htm.xml (XML) — 2403KB

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION 1. Financial Statements 4 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 45 3. Quantitative and Qualitative Disclosures About Market Risk 89 4. Controls and Procedures 91

— OTHER INFORMATION

PART II — OTHER INFORMATION 1. Legal Proceedings 92 1A. Risk Factors 92 2. Unregistered Sales of Equity Securities and Use of Proceeds 93 3. Defaults Upon Senior Securities 93 4. Mine Safety Disclosures 93 5. Other Information 93 6. Exhibits 94 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 September 30, 2024 March 31, 2024 (Amounts in millions) ASSETS Cash and cash equivalents $ 229.6 $ 314.0 Accounts receivable, net 573.1 753.0 Other current assets 350.5 396.5 Total current assets 1,153.2 1,463.5 Investment in films and television programs and program rights, net 3,284.8 2,762.2 Property and equipment, net 86.7 88.5 Investments 77.7 74.8 Intangible assets, net 916.5 991.8 Goodwill 806.5 811.2 Other assets 821.4 900.7 Total assets $ 7,146.8 $ 7,092.7 LIABILITIES Accounts payable $ 345.2 $ 327.6 Content related payables 155.2 190.0 Other accrued liabilities 228.3 355.1 Participations and residuals 619.6 678.4 Film related obligations 1,702.6 1,393.1 Debt - short term portion 362.6 860.3 Deferred revenue 377.0 187.6 Total current liabilities 3,790.5 3,992.1 Debt 2,097.7 1,619.7 Participations and residuals 442.6 435.1 Film related obligations 228.4 544.9 Other liabilities 515.1 556.4 Deferred revenue 172.6 118.4 Deferred tax liabilities 24.8 13.3 Total liabilities 7,271.7 7,279.9 Commitments and contingencies (Note 16) Redeemable noncontrolling interests 99.7 123.3 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) 674.0 673.6 Class B non-voting common shares, no par value, 500.0 shares authorized, 156.4 shares issued (March 31, 2024 - 151.7 shares issued) 2,483.7 2,474.4 Accumulated deficit ( 3,396.4 ) ( 3,576.7 ) Accumulated other comprehensive income 96.6 116.0 Total Lions Gate Entertainment Corp. shareholders' equity (deficit) ( 142.1 ) ( 312.7 ) Noncontrolling interests ( 82.5 ) 2.2 Total equity (deficit) ( 224.6 ) ( 310.5 ) Total liabilities, redeemable noncontrolling interests and equity (deficit) $ 7,146.8 $ 7,092.7 See accompanying notes. 4 Table of Contents LIONS GATE ENTERTAINMENT CORP. UN

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View this 10-Q filing on SEC EDGAR