Originally published at www.seclive.com
Filing in Focus: Lions Gate 10-Q, August 8, 2013
Lions Gate Entertainment Corporation (LGF) announced its financial results for the first quarter of fiscal 2013, reporting a revenue increase of 21%. Net income for the company improved considerably from last year, up to $13.6M from a loss of $44.2M this quarter last year. Earnings per share similarly improved, up to $0.10 per share from $0.33 losses per share a year ago. Both the television production and motion picture business segments saw sharp revenue increases from last year, earning the company $131.1M and $438.6M respectively. The $131.1M earned by the television segment is more than double what was earned a year ago, while the motion picture segment saw an increase of 8% over last year this quarter. Lions Gate CEO Jon Feltheimer remarked that the company's diversity was on display this quarter, comparing its performance against the successful quarter they had last year with the blockbuster "Hunger Games", showing it is profitable in more than just a single movie's success.
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