Financial Performance - For the fiscal year ended March 31, 2024, the contributions to the Company's consolidated revenues from its reporting segments included Motion Picture 41.2%, Television Production 33.1%, and Media Networks 39.2%[32] - Intersegment revenue eliminations represented (13.6)% of consolidated revenues for the year ended March 31, 2024[32] - The Media Networks segment, which includes the Starz Domestic Platform and LIONSGATE+, generated significant revenue, with Starz Networks contributing 86.6% and LIONSGATE+ contributing 13.4%[34] Theatrical Releases - The Company released twenty-six (26) films theatrically in the U.S. during fiscal 2024, including titles such as "Are You There God? It's Me, Margaret" and "The Hunger Games: The Ballad of Songbirds & Snakes" with various release patterns[38][39] - The Company maintains a disciplined approach to theatrical production, aiming to mitigate financial risks while maximizing box office success through strategic co-financing and pre-licensing agreements[35][36] - Theatrical releases are strategically scheduled to maximize revenues, considering moviegoer attendance patterns and competition from other studios[36] Content Strategy - The Company has a diversified portfolio of film and television content, focusing on retaining key rights to create long-term value for shareholders[33] - The Motion Picture segment includes various revenue streams such as theatrical, home entertainment, television licensing, and international distribution[30] - The Company continues to evaluate release strategies, including earlier releases on streaming platforms and premium video-on-demand, to capitalize on new distribution opportunities[40] Subscriber Metrics - STARZ had 21.8 million subscribers as of March 31, 2024, excluding promotional subscribers[69] - STARZ focuses on developing original programming for underrepresented audiences, aiming to capture a broader subscriber base[73] - The Company collaborates with distributors to enhance subscriber numbers through marketing support and promotional offers[77] Original Programming - In fiscal 2024, STARZ premiered a strong lineup of original programming, including "Outlander" Season 7 and "BMF" Season 3, driving subscription and engagement[81] - STARZ app offers thousands of monthly titles, including movies and original series, enhancing user engagement and subscription growth[74] - STARZ has exclusive multiyear output licensing agreements with Lionsgate and Universal for theatrical releases, enhancing content library and subscriber appeal[82] Global Operations - The company manages operations in the South Asian market through its Mumbai office, exploring local production and distribution opportunities[53] - Lionsgate produces and distributes 100 television shows across more than 50 networks for fiscal 2024[60] - The Global Products and Experiences division drives incremental revenue through live shows, merchandise, and strategic partnerships[49] Financial Obligations - The company has a total of $1,949.4 million in film-related obligations, with an average interest rate of 7.03%[454] - The company has interest rate swap agreements to fix the interest rate on $1.7 billion of variable rate SOFR-based debt[448] - The outstanding amounts under the Revolving Credit Facility and Term Loan A may become due on December 23, 2024, if certain conditions regarding Term Loan B are not met[453] Debt Management - The company expects to refinance and extend the maturity date of Term Loan B before December 23, 2024, to avoid acceleration of the Revolving Credit Facility and Term Loan A[453] - The company repurchased $200.0 million principal amount of the 5.500% Senior Notes for $135.0 million during fiscal 2023[449] - At March 31, 2024, the 5.500% Senior Notes had an outstanding carrying value of $696.6 million, with an estimated fair value of $536.2 million[451] Diversity and Inclusion - The company aims to increase spend with diverse suppliers through its Supplier Diversity and Inclusion Program[102] - The company emphasizes diversity and inclusion in its hiring practices, ensuring fair and accessible methods[101] - The company has established short-term and long-term management succession plans for critical positions[109] Environmental Commitment - The company is committed to environmental sustainability, prioritizing efforts to prevent pollution and conserve resources[108] Competitive Landscape - The Company faces significant competition in the entertainment market, impacting its ability to attract and retain subscribers[98]

Financial Performance - Fourth quarter revenue was $1.1 billion, with an operating loss of $60.9 million and a net loss attributable to Lionsgate shareholders of $39.5 million, equating to a diluted net loss per share of $0.22[1][2] - Adjusted net income attributable to Lionsgate shareholders was $63.4 million, or $0.27 adjusted diluted earnings per share[2] - Quarterly adjusted OIBDA was $140.3 million, reflecting strong operational performance[1] - The net loss attributable to Lions Gate Entertainment Corp. shareholders for the three months ended March 31, 2024, was $39.5 million, an improvement from a net loss of $96.8 million in the same period of 2023[18] - Basic net loss per common share for the three months ended March 31, 2024, was $0.22, compared to $0.42 for the same period in 2023, indicating a reduction in loss per share[18] - Adjusted net income attributable to Lions Gate Entertainment Corp. shareholders increased to $63.4 million in Q1 2024 from $49.2 million in Q1 2023, representing a 28.8% increase[56] - Adjusted basic EPS for Q1 2024 was $0.27, up from $0.21 in Q1 2023, reflecting a 28.6% increase[56] - Reported net loss attributable to Lions Gate Entertainment Corp. shareholders for Q1 2024 was $39.5 million, compared to a loss of $96.8 million in Q1 2023[56] Revenue and Segment Performance - The Studio Business reported revenue of $879.9 million, a 6.8% increase from the prior year quarter, with segment profit of $134.8 million, up nearly 10%[5] - Television Group segment profit increased by 83% to $52.6 million, driven by library gains and post-strike series deliveries[7] - Film & Television Library achieved record revenue of $339 million in the quarter, with trailing 12-month revenue of $886 million[4] - Motion Picture segment revenue declined by 23% to $410.6 million, while segment profit decreased by 12% to $82.2 million[6] - Television Production segment revenue increased by 61% to $469.3 million, with segment profit rising by 83%[7] - Total segment profit for the three months ended March 31, 2024, was $182.2 million, a decrease of 4.0% compared to $191.5 million in the prior year[30] - The Studio Business reported total revenues of $879.9 million, up from $823.6 million, driven by a 77.5% increase in Television Production revenue[30] - Total revenues for the three months ended March 31, 2024, increased to $879.9 million, up 6.5% from $823.6 million in the same period of 2023[92] Cash Flow and Expenses - Full year net cash flow from operating activities was $397 million, with adjusted free cash flow of $230 million[4] - Cash flows used in operating activities for the three months ended March 31, 2024, were $(4.6) million, a decrease from $13.6 million in the same period of 2023[20] - The company reported a net cash flow provided by financing activities of $57.0 million for the three months ended March 31, 2024, compared to $(161.9) million in the same period of 2023[20] - The company’s total cash, cash equivalents, and restricted cash at the end of the period was $371.4 million, up from $313.0 million at the end of the same period in 2023[20] - The total expenses for the three months ended March 31, 2024, were $1,178.6 million, compared to $1,135.3 million in the prior year, reflecting an increase of 3.8%[18] - Net cash flows provided by operating activities for the three months ended March 31, 2024, were $87.3 million, compared to $58.3 million in the same period of 2023[94] Debt and Liabilities - Total liabilities increased to $6,129.9 million as of March 31, 2024, compared to $4,848.0 million as of March 31, 2023[90] - Debt - short term portion increased significantly to $860.3 million as of March 31, 2024, from $41.4 million as of March 31, 2023[90] - Total current liabilities rose to $3,642.3 million as of March 31, 2024, compared to $2,108.8 million as of March 31, 2023[90] - Total borrowings for the three months ended March 31, 2024, amounted to $748.0 million, a significant increase from $254.5 million in the same period of 2023, representing a growth of approximately 194.5%[126] - Total repayments for the three months ended March 31, 2024, were $625.2 million, compared to $357.0 million in the same period of 2023, indicating an increase of approximately 75.2%[126] Impairments and Restructuring - The company incurred a goodwill impairment charge of $493.9 million in fiscal 2024, impacting the Media Networks reporting unit[41] - The company recorded content impairment charges of $47.1 million for Q1 2024 and $364.5 million for the fiscal year 2024, compared to $85.5 million and $379.3 million for the same periods in 2023[46] - The company’s restructuring and other expenses for the three months ended March 31, 2024, were $137.5 million, compared to $95.4 million in the same period of 2023, indicating a significant increase of 43.9%[18] - The estimated future cash outlay related to the current restructuring plan is projected to be between $80 million and $90 million[47] - The company has incurred total impairment charges of $743.8 million since the inception of the restructuring plan through March 31, 2024[46] Non-GAAP Measures - Adjusted OIBDA is a key performance measure that excludes certain non-operating items and is used to evaluate the operating performance of the business[69] - Adjusted Free Cash Flow is defined as net cash flows from operating activities less capital expenditures, plus or minus the net increase or decrease in production and related loans[74] - The company utilizes non-GAAP financial measures to evaluate operating performance, which includes Adjusted OIBDA and Total Segment Profit, providing a clearer view of the underlying business performance[130] - These non-GAAP measures are commonly used in the entertainment industry, but may not be comparable across different companies due to varying calculation methods[144] - A general limitation of non-GAAP measures is that they are not prepared in accordance with U.S. GAAP, and should be reviewed alongside relevant GAAP financial measures[145]

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 ...

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 (Exact name of registrant as specified in its charter) _________________________________________________________________ ...

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, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHAN ...

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, 2023 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 ...

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, 2022 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...

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 September 30, 2022 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...

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, 2022 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCH ...

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, 2022 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 ...