Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File No. 1-14880 Starz Entertainment Corp. (Exact name of registrant as specified in its charter) British Columbia, Canad ...

Revenue Growth - The company reported a significant increase in revenue, reaching $1.2 billion, representing a 15% year-over-year growth[1] - The company expects to achieve a revenue target of $1.5 billion for the next quarter, indicating a projected growth of 25%[3] - New product launches are anticipated to contribute an additional $200 million in revenue over the next fiscal year[4] Subscriber Growth - User data showed a total of 10 million subscribers, an increase of 20% compared to the previous quarter[2] Market Expansion - Market expansion efforts are focused on entering three new international markets by the end of the fiscal year[6] - The company has completed the acquisition of a smaller competitor for $300 million, expected to enhance market share[7] Cost Management - A restructuring plan is in place, projected to save $30 million annually in operational costs[8] Technology Investment - The company is investing $50 million in new technology development to enhance streaming capabilities[5] Content Strategy - The company is exploring partnerships with major content creators to diversify its content offerings[9] Risk Factors - Forward-looking statements indicate potential risks including economic uncertainty and competition in the entertainment industry[10]

Financial Performance - Lionsgate reported third quarter revenue of $970.5 million, a decrease from $975.1 million in the prior year quarter[3]. - Net loss attributable to Lionsgate shareholders was $21.9 million, or $0.09 diluted net loss per share, compared to a net loss of $106.6 million in the prior year quarter[2][19]. - Adjusted net income attributable to Lionsgate shareholders was $68.4 million, or $0.28 adjusted diluted net income per share[2][3]. - Operating income for the quarter was $35.8 million, a significant improvement from an operating loss of $43.5 million in the prior year quarter[19]. - The company reported a net cash flow used in operating activities of $163.0 million for the three months ended December 31, 2024, compared to a net cash flow provided of $128.2 million in the same period of 2023[92]. - The company experienced a significant decrease in net cash flows provided by operating activities, reporting $(118.9) million for the three months ended December 31, 2024, compared to $71.1 million in the same period of 2023[58]. - Adjusted free cash flow for the three months ended December 31, 2024, was $12.8 million, a decrease from $63.9 million in the same period of 2023[58]. - Basic net income per common share for the three months ended December 31, 2024, was $0.02, compared to a loss of $0.16 per share in the same period of 2023[90]. Segment Performance - The Studio Business reported revenue of $713.8 million, an increase of 3% from the prior year quarter, with adjusted OIBDA up 45% to $112.0 million[5]. - Television Production segment revenue increased 63% to $404.6 million, driven by higher episodic deliveries and licensing of library content[7]. - The Motion Picture segment revenue decreased to $309.2 million, attributed to the comparison with last year's successful releases[6]. - Total segment revenues for the Studio Business increased to $713.8 million in Q3 2024 from $691.6 million in Q3 2023, with Motion Picture revenues at $309.2 million and Television Production revenues at $404.6 million[34]. - Total segment profit for the three months ended December 31, 2024, was $176.7 million, slightly down from $182.0 million in the same period of 2023[34]. - The Motion Picture segment profit for Q3 2024 was $83.6 million, a decrease of 16.7% from $100.4 million in Q3 2023[99]. - Television Production segment profit surged to $60.9 million in Q3 2024, compared to $8.1 million in Q3 2023[99]. Subscriber Metrics - North American OTT subscribers grew by 170,000 sequentially, indicating a rebound in subscriber growth for STARZ[8]. - As of June 30, 2024, Starz North America had 13.20 million OTT subscribers, a decrease of 1.4% from the previous quarter, while total subscribers were 21.30 million, down 2.3%[40]. - The total global subscribers, excluding territories exited, were 27.17 million as of June 30, 2024, a decline of 2.0% from the previous quarter[40]. Cash Flow and Investments - The company reported a significant increase in investment in films and television programs, with a net cash outflow of $530.9 million for the three months ended December 31, 2024[21]. - Cash, cash equivalents, and restricted cash at the end of the period were $254.1 million, down from $333.2 million at the end of the previous year[21]. - The company incurred direct operating expenses of $457.1 million for the three months ended December 31, 2024, compared to $433.6 million in the same period of 2023, an increase of 5.4%[90]. - Total production loans and programming notes increased to $1,940.2 million at the end of the period, up from $1,931.0 million at the beginning[62]. - The company reported capital expenditures of $5.4 million for the three months ended December 31, 2024, compared to $6.4 million in the same period of 2023[58]. Restructuring and Impairment - Lionsgate is preparing for the separation of its studio and STARZ, with a focus on enhancing profitability and growth strategies[4]. - The Company recorded restructuring and other costs of $43.3 million for the three months ended December 31, 2024, significantly lower than $116.9 million in the same period of 2023[45]. - Content impairment charges related to the Media Networks segment were $6.4 million for the three months ended December 31, 2024, a substantial decrease from $77.8 million in the prior year[46]. - The Company has incurred total impairment charges of $735.1 million since the inception of its restructuring plan through December 31, 2024[46]. - The Company plans to continue evaluating its Media Networks business and may expand its restructuring plan, potentially exiting additional territories[47]. Non-GAAP Measures - Adjusted OIBDA is a key performance measure, reflecting operating income before adjusted depreciation and amortization, and is used to evaluate the aggregate operating performance of the business[66]. - The Company utilizes non-GAAP financial measures to assess its operating performance, which are not a substitute for GAAP measures but provide useful insights for investors[81]. - Adjusted Net Income (Loss) attributable to Lions Gate Entertainment Corp. shareholders is adjusted for various non-operating items, providing a clearer view of the Company's operational performance[78]. - The total segment profit combines the Motion Picture and Television Production segments, providing insight into the overall profitability of the Company's operations[126]. - Adjusted Free Cash Flow is defined as net cash flows from operating activities minus capital expenditures, plus or minus production and related loans, providing a clearer picture of liquidity[129].

Financial Performance - Total revenues for the three months ended September 30, 2024, were $948.6 million, a decrease of 6.6% compared to $1,015.5 million for the same period in 2023[18]. - Operating loss for the three months ended September 30, 2024, was $(88.6) million, significantly improved from $(817.5) million in the same period last year[18]. - Net loss attributable to Lions Gate Entertainment Corp. shareholders for the three months ended September 30, 2024, was $(163.3) million, compared to $(886.2) million in the prior year[18]. - Lions Gate Entertainment Corp. reported a net loss of $177.8 million for the three months ended September 30, 2024, compared to a net loss of $887.9 million for the same period in 2023[21]. - The comprehensive loss attributable to Lions Gate shareholders was $163.9 million for the three months ended September 30, 2024, down from $888.4 million in the prior year[21]. - The company had a basic net loss per common share of $(0.68) for the three months ended September 30, 2024, compared to $(3.79) for the same period in 2023[19]. - For the six months ended September 30, 2024, Lions Gate Entertainment Corp. reported a net loss of $240.9 million, an improvement from a net loss of $959.4 million in the same period of 2023[29]. Assets and Liabilities - Total current liabilities decreased to $3,790.5 million as of September 30, 2024, from $3,992.1 million as of March 31, 2024[15]. - Cash and cash equivalents decreased to $229.6 million as of September 30, 2024, down from $314.0 million as of March 31, 2024[15]. - Total assets increased slightly to $7,146.8 million as of September 30, 2024, compared to $7,092.7 million as of March 31, 2024[15]. - Debt, including the short-term portion, increased to $2,460.3 million as of September 30, 2024, from $2,479.9 million as of March 31, 2024[15]. - The accumulated deficit for Lions Gate was $3,396.4 million as of September 30, 2024, compared to $3,467.5 million as of September 30, 2023[26]. - Lions Gate's total equity (deficit) was $(224.6) million as of September 30, 2024, compared to $(218.8) million as of September 30, 2023[26]. Investments and Acquisitions - Investment in films and television programs and program rights increased to $3,284.8 million as of September 30, 2024, up from $2,762.2 million as of March 31, 2024[15]. - The company completed a business combination with Screaming Eagle Acquisition Corp., resulting in approximately $330.0 million of gross proceeds, including $254.3 million from private investments in public equities (PIPE) financing[42]. - The acquisition of a film library for approximately $35.0 million was completed, with the total investment in the library valued at $68.6 million[37]. - The acquisition of eOne was completed for an adjusted cash purchase price of $373.1 million, enhancing the company's film and television library and expanding its presence in Canada and the U.K.[47]. - The preliminary fair value of net assets acquired from eOne was estimated at $362.2 million, with goodwill recognized at $10.9 million[51]. Revenue Streams - Motion Picture revenues totaled $407.1 million for the three months ended September 30, 2024, compared to $395.9 million in the prior year, reflecting a 2.9% increase[125]. - Digital Media revenue for Home Entertainment was $114.5 million, down 30.8% from $165.7 million in the same quarter of 2023[125]. - Television Production revenues increased to $416.6 million for the three months ended September 30, 2024, up from $393.9 million in the same period of 2023, representing a 5.1% growth[125]. - Individual monetization for the three months ended September 30, 2024, was $348.8 million, up from $223.3 million in 2023, representing a 56.2% increase[62]. Expenses and Costs - The company reported a significant reduction in restructuring and other expenses to $6.1 million for the three months ended September 30, 2024, compared to $222.1 million in the same period last year[18]. - Total direct operating expenses were $643.2 million for the three months ended September 30, 2024, an increase from $557.1 million in the same period of 2023, representing a 15.4% increase[188]. - Interest expense increased to $74.3 million for the three months ended September 30, 2024, from $63.8 million in the same period of 2023[168]. - Total share-based compensation expense for the three months ended September 30, 2024, was $22.5 million, a decrease of 16.9% from $27.1 million in the same period of 2023[141]. - The company recorded a total of $6.1 million in restructuring and other costs for the three months ended September 30, 2024, compared to $222.1 million in the same period of 2023[151]. Cash Flow and Liquidity - The company reported a net cash flow used in operating activities of $(240.9) million, a decrease from $330.3 million in the prior year[29]. - As of September 30, 2024, the company had cash and cash equivalents of $229.6 million, down from $314.0 million as of March 31, 2024, indicating a decrease of 26.8%[194]. - The total cash, cash equivalents, and restricted cash amounted to $289.3 million as of September 30, 2024, compared to $371.4 million as of March 31, 2024, a decline of 22.1%[194]. Shareholder Information - The weighted average number of common shares outstanding was 239.3 million for the three months ended September 30, 2024, compared to 234.0 million for the same period in 2023[19]. - The Company had 500 million authorized Class A voting shares and 500 million authorized Class B non-voting shares as of September 30, 2024[140]. - The company has repurchased approximately $288.1 million in common shares to date, with $179.9 million remaining for potential repurchases[145]. Strategic Initiatives - The company anticipates continued focus on restructuring and potential market expansion strategies in the upcoming quarters[9]. - The company is focusing on market expansion and new product development as part of its strategic initiatives moving forward[21].

Exhibit 99.1 SCATE® LIONSGATE AND LIONSGATE STUDIOS REPORT RESULTS FOR SECOND QUARTER FISCAL 2025 Lionsgate Revenue was $948.6 Million Net Loss Attributable to Lionsgate Shareholders was $163.3 Million or $0.68 Diluted Net Loss Per Share Adjusted Net Loss Attributable to Lionsgate Shareholders was $102.5 Million or $0.43 Adjusted Diluted Net Loss Per Share Lionsgate Operating Loss was $88.6 Million; Adjusted OIBDA Loss was $17.7 Million Trailing 12-Month Library Revenue Grew to $892 Million SANTA MONICA, CA ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________________________________ Form 10-Q ____________________________________________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EX ...

Exhibit 99.1 LIONSGATE AND LIONSGATE STUDIOS REPORT RESULTS FOR FIRST QUARTER FISCAL 2025 Lionsgate Revenue was $834.7 Million Net Loss Attributable to Lionsgate Shareholders was $59.4 Million or $0.25 Diluted Net Loss Per Share Adjusted Net Income Attributable to Lionsgate Shareholders was $20.9 Million or $0.09 Adjusted Diluted Earnings Per Share Lionsgate Operating Income was $18.8 Million Lionsgate Adjusted OIBDA was $104.5 Million North American Media Networks and Motion Picture Segment Profits Increas ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File No.: 1-14880 LIONS GATE ENTERTAINMENT CORP. (Exact name of registrant as specified in its charter) | British Colum ...

Exhibit 99.1 LIONSGATE AND LIONSGATE STUDIOS REPORT RESULTS FOR FOURTH QUARTER FISCAL 2024 Lionsgate Fourth Quarter Revenue was $1.1 Billion; Operating Loss was $60.9 Million Net Loss Attributable to Lionsgate Shareholders was $39.5 Million or $0.22 Diluted Net Loss Per Share Adjusted Net Income Attributable to Lionsgate Shareholders was $63.4 Million or $0.27 Adjusted Diluted Earnings Per Share Television Group Segment Profit Increased 83% in the Quarter, Driven by Library Gains and Post-Strike Series Deli ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________________________________ Form 10-Q ____________________________________________________________________________________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT ☒ OF 1934 For the quarterly period ended December 31, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...