Lionsgate reported that it beat expectations in subscriber growth in the first quarter as it posted revenues of $893.9 million and a wider loss of $119 million.
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Revenues at Lionsgate rose to $929.9 million in the fourth quarter, but the independent studio reported a net loss in the period of $104.6 million.
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Lionsgate has posted third-quarter revenue of $885.4 million, operating income of $9.3 million and net loss attributable to shareholders of $45.6 million.
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The chair of Lionsgate Television Group on encouraging relationships with a diverse range of creators and showrunners who have helped cater to underserved audiences and bolster the bottom line.
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