UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q For the transition period from ___________ to ___________ Commission File No. 1-14880 Starz Entertainment Corp. (Exact name of registrant as specified in its charter) 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 British Columbia, Canada N/A (Stat ...

Exhibit 99.1 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 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 ...

Part I [Business Overview](index=7&type=section&id=Item%201.%20Business) Starz Entertainment Corp. provides premium subscription video programming in North America, focusing on original content for diverse audiences through its various distribution channels - On **May 6, 2025**, Starz completed its separation from Old Lionsgate, becoming a **standalone public company**, with historical financials prepared on a **carve-out basis**[26](index=26&type=chunk)[27](index=27&type=chunk)[195](index=195&type=chunk) - The company's flagship service, STARZ, had **19.60 million total North American subscribers** as of **March 31, 2025**[29](index=29&type=chunk) - Starz's corporate strategy focuses on developing and distributing **original programming** for **underrepresented audiences** in premium television[33](index=33&type=chunk)[34](index=34&type=chunk)[41](index=41&type=chunk) - The content mix on Starz services consists of approximately **20% original programming** and **80% acquired content**, primarily theatrical movies[41](index=41&type=chunk)[44](index=44&type=chunk) Key Content Licensing Agreements (as of June 16, 2025) | Agreement Type | Studio Partner | Agreement Details | | :--- | :--- | :--- | | **Output Agreements** | New Lionsgate | Exclusive rights for titles released from Jan 2022/2023, with windows through at least 2030 | | | Universal | Exclusive rights for live-action films released from Jan 2022, with windows through at least 2029 | | **Library Agreements** | Various (Lionsgate, Universal, Paramount, Sony, etc.) | Agreements for older theatrical movies with windows extending from 2025 to 2028 | - As of **June 16, 2025**, Starz employs **541 individuals** and has established various **Employee Resource Groups (ERGs)** to foster an **inclusive workplace**[59](index=59&type=chunk)[60](index=60&type=chunk)[61](index=61&type=chunk) [Risk Factors](index=14&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant risks across business operations, indebtedness, and tax regulations, including post-separation scale, subscriber retention, competition, debt, and tax law changes [Risks Related to our Business](index=14&type=section&id=Risks%20Related%20to%20our%20Business) Starz faces operational risks including reduced scale post-separation, subscriber retention challenges, intense competition, reliance on major distributors, and pending legal claims - As a **smaller, less diversified company** post-separation from Lionsgate, Starz is **more vulnerable to market changes** and has **diminished diversification** of revenue and cash flows[74](index=74&type=chunk) - The restructuring of the international LIONSGATE+ business led to significant asset write-downs, with the company incurring approximately **$457.0 million impairment charges** from continuing operations through **March 31, 2025**[80](index=80&type=chunk) - Starz has a **high concentration of revenue** from a few major distributors, with **Amazon.com, Inc.** accounting for **29.7% of total revenue** in **fiscal year 2025**[95](index=95&type=chunk) - The company faces **intense competition** from other streaming services and traditional media, with evolving technologies like **Artificial Intelligence (AI)** and **piracy** posing significant threats[98](index=98&type=chunk)[107](index=107&type=chunk) - A **lawsuit** has been filed by purported noteholders alleging a breach related to the **5.5% senior notes due 2029**, with an adverse outcome potentially having a **material impact** on the company's financial condition[141](index=141&type=chunk)[142](index=142&type=chunk) [Risks related to Starz's Indebtedness](index=26&type=section&id=Risks%20related%20to%20Starz%27s%20Indebtedness) The company faces financial risks from its significant debt of **$625.1 million** as of June 16, 2025, which includes restrictive covenants and financial ratio requirements - As of **June 16, 2025**, Starz carries significant debt, with **$625.1 million of indebtedness** and an additional **$90.1 million in programming-related obligations**[143](index=143&type=chunk) - The company's debt agreements contain **restrictive covenants** that limit its ability to incur more debt, pay dividends, sell assets, or merge with other entities[151](index=151&type=chunk)[152](index=152&type=chunk) - A **breach of covenants** or failure to meet financial ratios could result in a **default**, allowing creditors to **accelerate debt repayment**[153](index=153&type=chunk)[154](index=154&type=chunk) [Risks related to Tax Rules and Regulations](index=28&type=section&id=Risks%20related%20to%20Tax%20Rules%20and%20Regulations) Starz faces tax risks from potential changes to U.S. tax laws affecting its Canadian corporate status and from reliance on tax incentives for original programming production - As a corporation **Canadian-incorporated**, Starz's tax status could be adversely affected by **changes in U.S. tax laws**, particularly **Section 7874 of the IRC**, which could lead to it being **treated as a U.S. corporation** for tax purposes[155](index=155&type=chunk)[156](index=156&type=chunk) - The production of original programming relies on foreign, state, or local **tax incentives**, and their reduction or elimination could significantly **increase production costs**[157](index=157&type=chunk) [Unresolved Staff Comments](index=28&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports no unresolved staff comments from the SEC - The company has **no unresolved staff comments** from the SEC[159](index=159&type=chunk) [Cybersecurity](index=28&type=section&id=Item%201C.%20Cybersecurity) Starz maintains a cybersecurity risk management program overseen by its Audit & Risk Committee, with no material incidents reported to date - The **Board's Audit & Risk Committee** is responsible for **overseeing cybersecurity risk management** processes[167](index=167&type=chunk) - The company has implemented various processes to manage cybersecurity threats, including **incident detection and response**, **vulnerability management**, and **disaster recovery plans**[163](index=163&type=chunk) - Starz utilizes **third-party service providers** for assistance with cybersecurity and maintains a **vendor management program** to assess associated risks[165](index=165&type=chunk)[166](index=166&type=chunk) - As of the report date, the company has **not been subject to any cybersecurity threats** that have **materially affected** or are reasonably likely to materially affect its business[171](index=171&type=chunk) [Properties](index=30&type=section&id=Item%202.%20Properties) Starz's principal executive office is in Santa Monica, California, with additional leased office spaces in Colorado and New York, deemed adequate for operations Key Leased Properties | Location | Size (sq. ft.) | Lease Expiration | | :--- | :--- | :--- | | Santa Monica, CA (Principal Exec. Office) | 60,116 | Dec 2028 | | Greenwood Village, CO | 100,119 | Jun 2034 | | New York, NY (530 Fifth Ave) | ~18,000 | Aug 2025 | | New York, NY (100 Park Ave) | ~20,269 | May 2038 | [Legal Proceedings](index=30&type=section&id=Item%203.%20Legal%20Proceedings) The company is involved in various legal claims, none of which are expected to have a material adverse effect on its financial position, including a referenced noteholder lawsuit - Starz does **not believe** that any currently pending legal proceedings will have a **material adverse effect** on its financial position, results of operations, or cash flow[175](index=175&type=chunk) - The company specifically references the **ongoing lawsuit** from purported noteholders related to the **5.5% senior notes due 2029**, which is detailed in the Risk Factors section[175](index=175&type=chunk) [Mine Safety Disclosures](index=30&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - This item is **not applicable** to the company[176](index=176&type=chunk) Part II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=31&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) Starz common shares trade on Nasdaq under 'STRZ', with **293 shareholders** as of June 16, 2025, and no dividends or share repurchases reported for the quarter - The company's common stock is listed on the **Nasdaq Stock Market** under the trading symbol **'STRZ'**[179](index=179&type=chunk) - As of **June 16, 2025**, there were approximately **293 shareholders of record**[179](index=179&type=chunk) - The company **did not purchase any of its common shares** during the three months ended **March 31, 2025**[190](index=190&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=32&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) This section analyzes Starz's financial condition and results, highlighting the impact of its separation, restructuring, and fiscal year-end change, with a focus on revenue trends, net loss reduction, and liquidity [Results of Operations](index=40&type=section&id=Results%20of%20Operations) Fiscal year 2025 saw a slight revenue decrease to **$1.37 billion**, but operating loss significantly narrowed to **$(170.4) million** due to lower impairment charges, while Adjusted OIBDA improved to **$201.5 million** Financial Performance Summary (FY2025 vs. FY2024) | Metric | FY 2025 (in millions) | FY 2024 (in millions) | Change (%) | | :--- | :--- | :--- | :--- | | Total Revenue | $1,369.6 | $1,392.4 | (1.6)% | | Operating Loss | $(170.4) | $(903.5) | (81.1)% | | Net Loss from Continuing Operations | $(215.3) | $(804.6) | (73.2)% | | Adjusted OIBDA | $201.5 | $170.2 | 18.4% | Subscriber Data (as of March 31) | Subscriber Type | 2025 (in millions) | 2024 (in millions) | | :--- | :--- | :--- | | Total OTT Subscribers | 16.33 | 15.90 | | Total Linear Subscribers | 6.56 | 8.42 | | **Total Starz Subscribers** | **22.89** | **24.32** | - The decrease in Starz Networks revenue in **FY2025** was driven by a **$58.7 million decline** from **traditional linear services**, partially offset by a **$32.1 million increase** in **OTT revenue** from price increases[254](index=254&type=chunk) - Restructuring and other costs **decreased to $184.1 million in FY2025** from **$224.8 million in FY2024**, including **$156.4 million content impairment charges** in FY2025[263](index=263&type=chunk) Financial Performance Summary (FY2024 vs. FY2023) | Metric | FY 2024 (in millions) | FY 2023 (in millions) | Change (%) | | :--- | :--- | :--- | :--- | | Total Revenue | $1,392.4 | $1,422.5 | (2.1)% | | Operating Loss | $(903.5) | $(1,348.2) | (33.0)% | | Net Loss from Continuing Operations | $(804.6) | $(1,335.9) | (39.8)% | | Adjusted OIBDA | $170.2 | $184.8 | (7.9)% | [Liquidity and Capital Resources](index=53&type=section&id=Liquidity%20and%20Capital%20Resources) Starz's liquidity, supported by **$17.8 million** cash as of March 31, 2025, and a new **$300 million** term loan, faces **$1.69 billion** in contractual obligations, primarily for senior notes and programming rights - As of **March 31, 2025**, the company had cash and cash equivalents of **$17.8 million**, down from **$23.0 million** a year prior[305](index=305&type=chunk) - In connection with the separation, Starz entered into a new credit agreement for a **$300.0 million senior secured term loan** and a **$150.0 million senior secured revolving credit facility**[307](index=307&type=chunk)[625](index=625&type=chunk) Material Cash Requirements from Contractual Obligations (as of March 31, 2025) | Obligation Category | Total (in millions) | Due in Next 12 Months (in millions) | | :--- | :--- | :--- | | 5.5% Senior Notes | $715.0 | $0 | | Programming related obligations & payables | $552.3 | $383.2 | | Interest payments | $158.8 | $39.3 | | Operating lease obligations | $55.5 | $9.8 | | **Total** | **$1,686.6** | **$597.6** | - **Net cash used in operating activities** for continuing operations was **$39.4 million in fiscal 2025**, a significant increase in cash usage compared to the **$5.9 million provided by operating activities in fiscal 2024**[333](index=333&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=60&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risks are interest rate and foreign currency exchange, with a **0.25%** interest rate increase potentially raising annual interest expense by **$0.2 million** - The company's primary market risks stem from changes in **interest rates** and **foreign currency exchange rates**[343](index=343&type=chunk) - A **0.25% increase in interest rates** on the outstanding variable-rate programming notes (**$90.7 million** at **March 31, 2025**) would result in a **$0.2 million increase in annual interest expense**[346](index=346&type=chunk) - The fair value of the fixed-rate **5.5% Senior Notes** is sensitive to interest rate changes, with a **carrying value of $699.9 million** and an estimated **fair value of $623.7 million** at **March 31, 2025**[347](index=347&type=chunk) [Financial Statements and Supplementary Data](index=61&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents the audited combined financial statements for fiscal years 2023-2025, including the auditor's report and detailed notes on accounting policies and financial figures [Report of Independent Registered Public Accounting Firm](index=69&type=section&id=Report%20of%20Independent%20Registered%20Public%20Accounting%20Firm) Ernst & Young LLP issued an unqualified opinion on the financial statements, identifying the amortization of the customer relationship intangible asset as a Critical Audit Matter due to complex judgments - The auditor, Ernst & Young LLP, provided an **unqualified (clean) opinion** on the combined financial statements[383](index=383&type=chunk) - A **Critical Audit Matter** was identified concerning the **amortization of the Starz Traditional Affiliate customer relationship intangible asset**, which was complex due to **significant management judgment** required to forecast future revenue[387](index=387&type=chunk)[388](index=388&type=chunk) [Notes to Audited Combined Financial Statements](index=76&type=section&id=Notes%20to%20Audited%20Combined%20Financial%20Statements) These notes detail the financial statements' carve-out basis, discontinued operations, asset impairments, new debt structure, revenue concentration, and material contractual commitments - Note 1 explains that the financial statements are prepared on a **carve-out basis** from Old Lionsgate's records and may **not be indicative of future performance as a standalone company**[408](index=408&type=chunk)[411](index=411&type=chunk) - Note 2 details the **discontinued operations of the LIONSGATE+ business**, which resulted in **net income of $4.1 million in FY2025**, compared to a **net loss of $110.6 million in FY2024**[488](index=488&type=chunk) - Note 5 discloses that the company recorded a **goodwill impairment charge of $494.0 million in FY2024**, writing off the **entire remaining balance**, and **Trademarks impaired by $170.0 million in FY2024** were **reclassified from indefinite-lived to finite-lived assets**[465](index=465&type=chunk)[469](index=469&type=chunk)[498](index=498&type=chunk) - Note 14 reveals that for **fiscal year 2025**, **one customer (Amazon)** represented **greater than 10% of combined revenue**, amounting to **$406.5 million**[573](index=573&type=chunk) - Note 18 (Subsequent Events) confirms that on **May 6, 2025**, Starz entered into a **new Credit Agreement** for a **$300M term loan** and a **$150M revolving facility** and **changed its fiscal year-end to December 31**[619](index=619&type=chunk)[624](index=624&type=chunk)[635](index=635&type=chunk) [Controls and Procedures](index=61&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded its disclosure controls and procedures were effective as of March 31, 2025, with no material changes to internal controls during the fourth fiscal quarter - Based on an evaluation, the Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were **effective** as of **March 31, 2025**[352](index=352&type=chunk) - The annual report **does not include a management assessment or auditor attestation** on internal control over financial reporting, which is **permissible under SEC rules for newly public companies**[353](index=353&type=chunk) - **No changes in internal control over financial reporting** occurred during the **fourth quarter of fiscal 2025** that materially affected, or are reasonably likely to materially affect, these controls[354](index=354&type=chunk) [Other Information](index=61&type=section&id=Item%209B.%20Other%20Information) The company reports no information under this item - **No information** was reported under this item[355](index=355&type=chunk) Part III Information for Part III, covering directors, executive compensation, and security ownership, will be incorporated by reference from a Form 10-K/A amendment to be filed by July 29, 2025 [Items 10-14 (Directors, Executive Compensation, etc.)](index=62&type=section&id=Items%2010-14) Information for Items 10-14, including directors, executive compensation, and security ownership, will be provided in a Form 10-K/A amendment by July 29, 2025 - The information for Items 10, 11, 12, 13, and 14 will be **incorporated by reference** from a **Form 10-K/A amendment** to be filed by **July 29, 2025**[358](index=358&type=chunk)[359](index=359&type=chunk)[362](index=362&type=chunk) Part IV This part lists exhibits filed with the Form 10-K, including agreements related to the company's separation, new credit facility, and executive employment [Exhibits, Financial Statement Schedules](index=63&type=section&id=Item%2015.%20Exhibits%2C%20Financial%20Statement%20Schedules) This section lists all Form 10-K exhibits, including foundational documents for the company's separation, new credit structure, and executive employment agreements - The exhibits include the **Arrangement Agreement (Exhibit 2.1)** and **Separation Agreement (Exhibit 10.1)** detailing the separation from Lionsgate[366](index=366&type=chunk) - The **new Credit and Guarantee Agreement**, dated **May 6, 2025**, is filed as **Exhibit 10.14**[368](index=368&type=chunk) - **Employment agreements for key executives**, including CEO Jeffrey Hirsch, are included as exhibits[368](index=368&type=chunk) [Form 10-K Summary](index=65&type=section&id=Item%2016.%20Form%2010-K%20Summary) The company provides no summary for this item - **No information** was reported under this item[371](index=371&type=chunk)

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, 2024 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...

Exhibit 99.1 LIONSGATE AND LIONSGATE STUDIOS REPORT RESULTS FOR THIRD QUARTER FISCAL 2025 Lionsgate Revenue was $970.5 Million Trailing 12-Month Library Revenue Grows 22% to Record $954 Million The Studio Business, comprised of the Motion Picture and Television Production segments, reported revenue of $713.8 million, an increase of 3% from the prior year quarter. Studio Adjusted OIBDA was $112.0 million, up 45% compared to $77.4 million in the prior year quarter. Trailing 12-month library revenue was a reco ...

Financial Performance - 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]. - The operating loss for the three months ended September 30, 2024, was $(88.6) million, an improvement 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 $240.9 million for the same period in 2023, reflecting a 26.2% improvement[21]. - The comprehensive loss attributable to Lions Gate shareholders was $163.9 million for the three months ended September 30, 2024, down from $230.8 million in the prior year, indicating a 29% reduction[21]. - The company reported a comprehensive loss of $178.4 million for Q3 2024, down from $249.0 million in Q3 2023, marking a 28.3% improvement[21]. - The total revenues for the six months ended September 30, 2024, were $1,783.3 million, compared to $1,924.1 million for the same period in 2023, indicating a decrease of 7.3%[165]. - The Company reported an operating loss of $88.6 million for the three months ended September 30, 2024, compared to an operating loss of $817.5 million in the same period of 2023[168]. Cash and Liquidity - 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]. - Cash, cash equivalents, and restricted cash at the end of the period totaled $289.3 million, up from $269.2 million a year earlier[29]. - 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]. - The company had $828.5 million available under its Revolving Credit Facility as of September 30, 2024[74]. Investment and Assets - Investment in films and television programs increased to $3,284.8 million as of September 30, 2024, compared to $2,762.2 million as of March 31, 2024[15]. - The total investment in films and television programs and licensed program rights as of September 30, 2024, was $3,284.8 million, an increase from $2,762.2 million as of March 31, 2024[60]. - Motion Picture segment assets increased to $1,924.9 million as of September 30, 2024, compared to $1,851.4 million as of March 31, 2024, showing an increase of about 3.9%[177]. - Television Production segment assets rose to $2,401.0 million as of September 30, 2024, up from $2,347.8 million as of March 31, 2024, representing an increase of approximately 2.3%[177]. - Media Networks segment assets increased to $2,159.2 million as of September 30, 2024, compared to $2,036.7 million as of March 31, 2024, reflecting an increase of about 6%[177]. Debt and Liabilities - Total liabilities as of September 30, 2024, were $7,271.7 million, slightly down from $7,279.9 million as of March 31, 2024[15]. - The company reported a significant reduction in debt, with short-term debt decreasing to $362.6 million from $860.3 million[15]. - Total corporate debt as of September 30, 2024, was $2,495.9 million, slightly down from $2,508.5 million in March 2024[73]. - The company has certain covenants in place that limit its ability to incur additional indebtedness, pay dividends, or repurchase common shares, and was in compliance with all applicable covenants as of September 30, 2024[87]. Shareholder Information - The weighted average number of common shares outstanding increased to 239.3 million in Q3 2024 from 234.0 million in Q3 2023, representing a 1.1% increase[21]. - The company’s diluted net loss per common share was $(0.68) for Q3 2024, consistent with the previous quarter, while the basic net loss per share also remained unchanged at $(0.68)[21]. - The ending balance of redeemable noncontrolling interests was $99.7 million as of September 30, 2024, down from $410.1 million a year earlier[114]. - The company has repurchased approximately $288.1 million in common shares to date, with $179.9 million remaining for potential repurchases[145]. Operational Efficiency - Total expenses for the three months ended September 30, 2024, were $1,037.2 million, down from $1,833.0 million in the prior year, reflecting a significant reduction in restructuring costs[18]. - 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]. - The company’s general and administration share-based compensation expense was $16.6 million for the three months ended September 30, 2024, down from $24.8 million in the same period of 2023[142]. - General and administrative expenses for the three months ended September 30, 2024, were $109.5 million, a decrease from $123.6 million in the same period of 2023, indicating a reduction of approximately 11.1%[176]. Future Outlook - The company anticipates continued focus on restructuring and cost management to improve financial performance in the upcoming quarters[9]. - Future strategies include potential market expansion and new product development to enhance revenue streams[9]. - The acquisition of eOne will be reflected in the company's consolidated results starting December 27, 2023[48]. Impairments and Adjustments - Goodwill impairment charge for the Media Networks reporting unit was $493.9 million for the three months ended September 30, 2023, representing the entire remaining goodwill for that unit[71]. - The Company recorded an intangible asset impairment charge of $170.0 million related to the Starz trade names for the three months ended September 30, 2023[72]. - Content impairment charges for the three months ended September 30, 2024, were $(3.8) million, significantly lower than $211.6 million in the same period of 2023[152]. - The company recorded net recoveries of content impairment charges of $4.3 million for the three months ended September 30, 2024[152].

Financial Performance - Lionsgate reported second quarter revenue of $948.6 million, with a net loss attributable to shareholders of $163.3 million or $0.68 diluted net loss per share[1][2]. - Adjusted net loss attributable to Lionsgate shareholders was $102.5 million or $0.43 adjusted diluted net loss per share, with an adjusted OIBDA loss of $17.7 million[1][2]. - 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[17]. - Net loss attributable to Lions Gate Entertainment Corp. shareholders for the three months ended September 30, 2024, was $163.3 million, compared to a net loss of $886.2 million for the same period in 2023[17]. - Total segment revenues for the three months ended September 30, 2024, were $948.6 million, a decrease of 6.4% from $1,015.5 million in the same period of 2023[27]. - Total segment profit for the three months ended September 30, 2024, was $15.6 million, significantly down from $173.5 million in the same period of 2023, representing a decline of 91.0%[27]. - Adjusted OIBDA for the three months ended September 30, 2024, was $(17.7) million, compared to $140.7 million in the same period of 2023[27]. - The company reported a net loss of $(114.0) million for the three months ended September 30, 2024, compared to a net income of $13.5 million in the same period of 2023[84]. Segment Performance - The Studio Business reported revenue of $823.7 million, an increase of 4% from the prior year quarter, but incurred an operating loss of $34.8 million[5]. - Motion Picture segment revenue increased by 3% to $407.1 million, while segment profit decreased to $2.6 million due to underperformance of certain releases[6]. - Television Production segment revenue increased 6% to $416.6 million, but segment profit decreased to $24.4 million due to the impact of last year's strikes[7]. - Media Networks segment revenues decreased to $346.9 million for the three months ended September 30, 2024, down 16.7% from $416.5 million in the same period of 2023[27]. - Starz Networks revenue for the three months ended September 30, 2024, was $343.0 million, slightly down from $344.0 million in the same period of 2023[30]. - Starz Networks segment profit for the three months ended September 30, 2024, was $26.9 million, down from $48.9 million in the same period of 2023, a decrease of 45.0%[30]. Cash Flow and Liquidity - Cash, cash equivalents, and restricted cash at the end of the period were $289.3 million, an increase from $269.2 million at the end of the previous year[20]. - The company reported a net cash flow used in operating activities of $82.0 million for the three months ended September 30, 2024, compared to a net cash flow provided of $301.1 million in the same period of 2023[20]. - Net cash flows used in operating activities for the three months ended September 30, 2024, were $(82.0) million, compared to $235.8 million in the prior year[84]. - Cash flows from financing activities included borrowings of $629.9 million and repayments of $(786.0) million, resulting in a net cash outflow of $(156.1) million[114]. Restructuring and Impairment - Approximately 8% of eligible U.S. employees opted for voluntary severance and early retirement packages as part of business streamlining efforts[4]. - The company recorded restructuring and other costs of $6.1 million for the three months ended September 30, 2024, compared to $222.1 million in the same period of 2023[40]. - Impairment charges related to content for the three months ended September 30, 2024, were $3.8 million, a significant decrease from $211.6 million in the same period of 2023[41]. - The company incurred goodwill and intangible asset impairment of $663.9 million for the six months ended September 30, 2023[38]. - The company plans to continue evaluating its Media Networks business and may expand its restructuring plan, potentially incurring additional impairment charges[42]. Future Outlook - STARZ is on track to achieve its full year target of $200 million Adjusted OIBDA, positioning the company for the upcoming separation of its Studio and STARZ businesses[3]. - Lionsgate Studios Adjusted OIBDA is projected to be between $300 million and $320 million for the fiscal year ending March 31, 2025[139]. - Starz Networks Adjusted OIBDA is estimated at $200 million for the fiscal year ending March 31, 2025[140]. - The anticipated separation of Lionsgate Studios and the STARZ Business is expected to yield significant benefits, though it involves substantial capital investment[136]. General and Administrative Expenses - Corporate general and administrative expenses for the three months ended September 30, 2024, were $28.1 million, down from $32.8 million in the same period of 2023[90]. - The company reported a significant increase in segment general and administrative expenses, totaling $86.1 million for the six months ended September 30, 2024, compared to $83.1 million in 2023[91]. - The company reported a total of $177.0 million in general and administrative expenses for the six months ended September 30, 2024, compared to $175.5 million in the same period of 2023[91]. Debt and Obligations - Debt borrowings net of issuance and redemption costs for the three months ended September 30, 2024, were $1,765.7 million, compared to $594.5 million in the same period of 2023[20]. - Film-related obligations at the end of the period (current and non-current) were $1,931.0 million[53]. - Film-related obligations at the beginning of the period totaled $2,023.6 million[58]. - Film-related obligations at the end of the period decreased to $1,801.8 million[58].

Exhibit 99.1 LIONSGATE AND LIONSGATE STUDIOS REPORT RESULTS FOR FOURTH QUARTER FISCAL 2024 Television Group Segment Profit Increased 83% in the Quarter, Driven by Library Gains and Post-Strike Series Deliveries Film & Television Library Achieved Record $339 Million Revenue Quarter with Trailing 12-Month Revenue of $886 Million $397 Million of Net Cash Flow Provided by Operating Activities in the Full Year with Adjusted Free Cash Flow of $230 Million SANTA MONICA, CA, and VANCOUVER, BC, May 23, 2024 – Lions ...

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 British Columbia, Canada N/A (State or other jurisdiction of incorporat ...

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