Lionsgate roared past Wall Street estimates for the fiscal first quarter
On an adjusted, diluted basis, the company’s loss of two cents exceeded analysts’ consensus forecasts for four cents. Adjusted operating income of $67.3 million beat the forecast for $63.6 million.
Domestically, Starz gained 400,000 streaming subscribers to reach 4.4 million. Globally and across all platforms, Starz is now at 26.5 million subscribers after adding 2.6 million compared with the year-ago period. At the were held with CBS over an acquisition of the premium brand. Both companies were apt to be asked about it during their respective conference calls with analysts.
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