UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 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. organization) 250 Howe Street, 20th Floor Vancouver, British Columbia V6C 3R8 1647 Stewar ...

Starz Entertainment Corp. Reports Results for the Quarter Ended June 30, 2025 Revenue was $319.7 Million Net Loss was $(42.5) Million or a Net Loss Per Share of $(2.54) Operating Loss was $(26.9) Million Exhibit 99.1 Adjusted OIBDA was $33.4 Million Management Reiterates Outlook for Sequential Revenue and OTT Subscriber Growth in Q3 and Q4 of 2025 SANTA MONICA, CA, and VANCOUVER, B.C., August 14, 2025 – STARZ (NASDAQ: STRZ) today reported results for the quarter ended June 30, 2025. This press release inclu ...

Debt Obligations and Liquidity - Starz's cash flow from operations is expected to be significantly dedicated to servicing its debt obligations, which may limit its ability to fund capital expenditures and growth initiatives [147]. - Starz may face substantial liquidity problems if its cash flows and capital resources are insufficient to fund its debt service obligations, potentially leading to asset disposals or restructuring [148]. - Starz's subsidiaries may not be able to generate sufficient cash flow to support the repayment of corporate indebtedness, as certain subsidiaries are not guarantors of this debt [149]. - A breach of covenants under Starz's corporate indebtedness agreements could result in an event of default, allowing creditors to accelerate repayment [154]. Interest Rate Risk - As of March 31, 2025, Starz's 5.5% Senior Notes had an outstanding carrying value of $699.9 million, with a fair value of $623.7 million; a 1% increase in interest rates would decrease the fair value by approximately $21.2 million [347]. - Starz's variable interest rate programming notes incur SOFR-based interest at a weighted average rate of approximately 6.51%; a quarter point increase in interest rates would result in a $0.2 million increase in annual net interest expense [346]. - Starz's exposure to interest rate risk is significant, as certain borrowings are at variable rates, which could increase debt service obligations if interest rates rise [345]. Corporate Governance and Restrictions - The agreements governing Starz's corporate indebtedness impose restrictive covenants that limit its operational flexibility, including restrictions on incurring additional debt and paying dividends [151]. Currency and Tax Risks - The company does not currently hold foreign exchange contracts to hedge currency risks, which could expose it to credit loss if counterparties fail to perform [344]. - Changes in tax laws could adversely affect Starz's financial condition, particularly if it were to be treated as a U.S. corporation for tax purposes, leading to increased tax liabilities [156].

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 ...

Financial Performance - Lionsgate reported first quarter revenue of $834.7 million, a decrease of 5.9% from the prior year quarter[2][3]. - Net loss attributable to Lionsgate shareholders was $59.4 million, or $0.25 diluted net loss per share[2][3]. - Adjusted net income attributable to Lionsgate shareholders was $20.9 million, or $0.09 adjusted diluted earnings per share[2][3]. - Revenues for the three months ended June 30, 2024, were $834.7 million, a decrease of 8.1% from $908.6 million in the same period of 2023[12]. - Total expenses for the same period were $815.9 million, down 11.8% from $925.4 million in 2023[12]. - Operating income for the quarter was $18.8 million, compared to a loss of $16.8 million in the prior year[12]. - Net loss attributable to Lions Gate Entertainment Corp. shareholders was $59.4 million, an improvement from a loss of $70.7 million in 2023[12]. - Total revenues for the three months ended June 30, 2024, were $588.4 million, a decrease of 5.3% compared to $625.0 million for the same period in 2023[64]. - Net loss for the three months ended June 30, 2024, was $44.4 million, compared to a net loss of $21.4 million for the same period in 2023[67]. Segment Performance - The Studio Business reported revenue of $588.4 million, a decrease of 5.9% year-over-year, with adjusted OIBDA of $58.3 million, down 5.5%[3][4]. - Motion Picture segment revenue decreased by 15% to $347.3 million, while segment profit increased by 24% to $86.1 million[4]. - Television Production segment revenue increased by 10% to $241.1 million, but segment profit decreased by 53% to $10.7 million[4]. - North American Media Networks revenue grew 1% to $345.3 million, with segment profit increasing by 54% to $58.5 million[5]. - Total segment profit for the three months ended June 30, 2024, was $143.0 million, up from $116.1 million in the same period in 2023[30]. - Total segment profit for Q2 2024 was $96.8 million, compared to $92.1 million in Q2 2023, reflecting an increase of about 5.1%[70]. Subscriber Metrics - North American OTT subscribers increased by 5.5% to 13.2 million compared to the prior year quarter[5]. - The total number of OTT subscribers in Starz North America as of June 30, 2024, was 13.20 million, a decrease from 13.38 million as of March 31, 2024[27]. - Total Starz subscribers, excluding territories exited, was 27.17 million as of June 30, 2024, down from 27.54 million as of March 31, 2024[27]. Cash Flow and Liquidity - The company reported a net cash flow used in operating activities of $(158.9) million, compared to $29.2 million in the prior year[14]. - Cash, cash equivalents, and restricted cash at the end of the period were $241.9 million, down from $394.1 million at the end of June 2023[14]. - Adjusted free cash flow for the three months ended June 30, 2024, was $(88.9) million, compared to $34.8 million in the same period of 2023[43]. - Net cash flows used in operating activities for the three months ended June 30, 2024, were $(117.6) million, compared to $37.7 million provided in Q2 2023[67]. - Cash, cash equivalents, and restricted cash at the end of the period were $216.6 million, down from $299.8 million at the end of Q2 2023[67]. Restructuring and Future Plans - The company is taking steps toward full separation by calendar year-end, subject to regulatory approvals[3]. - The estimated future cash outlay related to the current restructuring plan is between $50 million and $55 million[33]. - The Company continues to evaluate its restructuring plan and may exit additional territories or remove certain content from its platform in the future[34]. - The company plans to continue focusing on content development and expanding its distribution channels to enhance revenue growth in the future[16]. Impairments and Expenses - The Company recorded content impairment charges of $1.9 million for the Media Networks segment in the three months ended June 30, 2024, compared to $28.0 million for the same period in 2023[33]. - The company incurred impairments of $18.0 million related to operating lease right-of-use and leasehold improvement assets in the Television Production segment[35]. - Corporate general and administrative expenses increased to $33.3 million in Q2 2024 from $30.4 million in Q2 2023, an increase of about 9.5%[72]. - Total severance costs for the three months ended June 30, 2024, were $3.0 million, up from $2.5 million in the same period of 2023[79]. Non-GAAP Measures - Adjusted OIBDA is defined as operating income before adjusted depreciation and amortization, adjusted for various costs including restructuring and COVID-19 related charges[48]. - The company uses non-GAAP financial measures to evaluate the operating performance of its business, which are in addition to GAAP measures[47]. - Adjusted Free Cash Flow is defined as net cash flows from operating activities minus capital expenditures, adjusted for production loans and unusual items[96]. - The company believes that adjusted measures provide useful information regarding operating performance and cash flows before non-operating items[105].

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 ...