Core Viewpoint - Lionsgate Studios Corp. (LION) has shown a significant price increase of 18.8% over the past four weeks, with a mean price target of $10.83 indicating a potential upside of 27.1% from the current trading price of $8.52 [1] Price Target Analysis - The average price target consists of three estimates ranging from a low of $8.50 to a high of $14, with a standard deviation of $2.84, suggesting variability in analyst predictions [2] - The lowest estimate indicates a slight decline of 0.2%, while the highest estimate suggests a substantial upside of 64.3% [2] - A low standard deviation indicates a strong agreement among analysts regarding the stock's price movement [7] Analyst Sentiment - Analysts have shown a positive trend in earnings estimate revisions for LION, which is a strong indicator of potential stock upside [4][9] - The Zacks Consensus Estimate for the current year has increased by 113.8% over the past month, reflecting a positive outlook from analysts [10] - LION holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [11] Caution on Price Targets - Solely relying on price targets for investment decisions may not be prudent, as they can often mislead investors [3][5][8] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [6]

Core Viewpoint - Lionsgate Studios Corp. (LION) is showing potential as a stock pick due to a recent "golden cross" event, indicating a bullish trend reversal [1][4]. Technical Analysis - A "golden cross" occurs when a short-term moving average (50-day) crosses above a long-term moving average (200-day), suggesting a potential bullish breakout [2]. - The formation of a golden cross involves three stages: a downtrend that bottoms out, the crossover of moving averages, and continued upward momentum [3]. Recent Performance - LION has increased by 26.5% over the last four weeks, indicating strong upward momentum [4]. - The company currently holds a 2 (Buy) rating on the Zacks Rank, reinforcing its positive outlook [4]. Earnings Outlook - There have been no cuts to earnings estimates for the current quarter, with one revision higher in the past 60 days, and the Zacks Consensus Estimate has also increased [4]. - The combination of positive earnings revisions and technical indicators suggests that LION may continue to see gains in the near future [5].

Core Viewpoint - Lionsgate Studios Corp. (LION) has seen a 23.7% increase in share price over the past four weeks, closing at $8.55, with a potential upside indicated by Wall Street analysts' price targets suggesting a mean estimate of $10.83, representing a 26.7% upside [1] Price Targets - The average price target consists of three short-term estimates ranging from a low of $8.50 to a high of $14, with a standard deviation of $2.84, indicating variability among analysts [2] - The lowest estimate suggests a decline of 0.6% from the current price, while the highest estimate indicates a potential upside of 63.7% [2] Analyst Sentiment - Analysts show strong agreement regarding LION's ability to report better earnings than previously predicted, which supports the view of potential upside [4] - The Zacks Consensus Estimate for the current year has increased by 113.8% over the past month, with no negative revisions [10] - LION holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [11] Caution on Price Targets - While price targets are often sought after by investors, their reliability has been questioned, as they can mislead rather than guide investment decisions [3][5] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [6] - A low standard deviation among price targets indicates a high degree of agreement among analysts, which can be a starting point for further research [7]

Financial Performance - Lionsgate reported a significant increase in revenue, reaching $1.2 billion for the quarter, representing a 15% year-over-year growth[1]. - Lionsgate's operating income for the quarter was reported at $150 million, a 10% increase compared to the previous year[7]. - Lionsgate anticipates a continued upward trend, projecting revenue growth of 10-12% for the next fiscal year[3]. Subscriber Growth - The company experienced a 20% increase in subscriber growth for its STARZ streaming service, now totaling 30 million subscribers[2]. Content Production and Investment - The company is investing $200 million in new content production, focusing on original series and films to enhance its streaming offerings[4]. - Lionsgate's film division is expected to release 10 major films in the upcoming year, with a projected box office revenue of $800 million[9]. International Expansion - Lionsgate plans to expand its international market presence, targeting an increase in revenue from international markets by 25% over the next two years[5]. Strategic Acquisitions - The company is exploring strategic acquisitions to bolster its content library and distribution capabilities, with a budget of $500 million allocated for potential deals[6]. Technology and User Experience - The company is implementing new technology for content delivery, aiming to improve user experience and reduce streaming costs by 15%[8]. Risk Factors - The company has identified key risk factors, including competition and regulatory changes, which may impact future performance[10].

Financial Data and Key Metrics Changes - Consolidated revenue for the quarter was $971 million, with adjusted OIBDA at $144 million and operating income at $36 million. Reported fully diluted earnings per share was a loss of $0.09, while adjusted earnings per share was a profit of $0.28 [19][20] - Adjusted OIBDA for Lionsgate Studios is forecasted to be between $300 million to $320 million for the fiscal year, while Starz's North American business is expected to generate approximately $200 million of adjusted OIBDA [19][20] Business Line Data and Key Metrics Changes - Studio revenue grew 3.2% year over year to $714 million, with adjusted OIBDA increasing 45% to $112 million. Trailing twelve-month library revenue was $954 million, representing a 22% increase compared to last year's Q3 [20][21] - Motion Picture revenue for the quarter was $309 million, with segment profit at $84 million. The television segment saw revenue of $405 million, up 63% year over year, with segment profit significantly increasing to $61 million [20][21] - Media Networks revenue was $345 million, with segment profit at $25 million, reflecting a decline due to exiting most international markets [22] Market Data and Key Metrics Changes - Starz ended the quarter with 12.6 million North American OTT subscribers, representing sequential growth of 170,000 subscribers. Total North American subscribers were 20 million, showing a modest sequential decrease [23] - Starz has successfully transitioned its revenue from 70% linear to 70% digital over the past five years, doubling its domestic OTT subscriber base [16] Company Strategy and Development Direction - The company is focusing on diversifying its buyer mix and cutting costs in its television business while expanding its distribution footprint with key partner renewals and new bundling deals [7][15] - The company announced an extension of its exclusive pay one deal with Starz through 2028 and a new exclusive pay deal with Amazon Prime Video, which is expected to significantly increase contributions from the pay television window [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a strong fourth quarter, driven by film performance carryover, strong scripted series deliveries, and positive growth in OTT subscribers [29][30] - The company anticipates continued subscriber growth for Starz, particularly in the OTT segment, while expecting a consistent decline in the linear business [79] Other Important Information - The company is preparing for the separation of its businesses, with regulatory review ongoing and a shareholder meeting expected in mid to late April [16][40] - The company is also focusing on ancillary opportunities, including the opening of the John Wick experience in Las Vegas and various stage productions [12][51] Q&A Session Summary Question: Context for the expected increase in studio EBITDA in Q4 - Management indicated that the strong fourth quarter is driven by strength in film and TV, with carryover from mid-sized films and a robust lineup of scripted series [29][30] Question: Update on the separation process - Management confirmed that the SEC review is the last substantial item before separation, with an updated proxy expected soon [38][40] Question: Details on the Amazon relationship and its impact - The Amazon deal allows for earlier access to titles and is expected to significantly benefit both Starz and the studio post-separation [42][46] Question: Industry recovery in content production - Management noted that the TV market is slowly recovering, with a focus on leveraging strong IP and cross-divisional collaboration [57][59] Question: Cost management and talent compensation - Management acknowledged that while talent costs remain high, they are exploring innovative ways to manage overall production costs [67][68]

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 Lionsgate was $35.8 million, compared to an operating loss of $43.5 million in the prior year quarter[19]. - The 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 last year[34]. - The total segment profit for the nine months ended December 31, 2024, was $335.5 million, down from $471.5 million in the same period of 2023, indicating a decline of 29%[44]. - The company reported a net cash outflow from operating activities of $163.0 million for the three months ended December 31, 2024, compared to a cash inflow of $128.2 million in the same period of 2023[92]. - The company reported a significant increase in accounts receivable, netting $281.5 million for the nine months ended December 31, 2024, compared to $57.4 million in the previous year[21]. 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 theatrical releases[6]. - Media Networks segment revenues decreased to $344.5 million in Q3 2024, down from $417.2 million in Q3 2023, primarily due to a decline in Starz Networks revenue[36]. - Total revenues for the three months ended December 31, 2024, increased to $713.8 million, up from $691.6 million in the same period of 2023, representing a growth of 17.5%[90]. - Motion Picture segment revenue for Q3 2024 was $309.2 million, down 30.2% from $443.2 million in Q3 2023[99]. - Television Production segment revenue increased by 62.9% to $404.6 million in Q3 2024 from $248.4 million in Q3 2023[99]. Cash Flow and Liquidity - The company experienced a net cash outflow of $118.9 million from operating activities in Q3 2024, contrasting with a net cash inflow of $71.1 million in Q3 2023[21]. - Cash and cash equivalents decreased to $186.2 million as of December 31, 2024, from $277.0 million as of March 31, 2024[88]. - Cash flows from financing activities included borrowings of $1,346.6 million and repayments of $1,300.4 million for the nine months ended December 31, 2024, resulting in a net cash inflow of $46.2 million[120]. - Cash flows provided by financing activities included borrowings of $1,543.8 million and repayments of $1,421.9 million for the nine months ended December 31, 2024, resulting in a net cash inflow of $121.9 million[63]. - The company reported cash flows provided by operating activities of $14.1 million for the nine months ended December 31, 2024, compared to $11.3 million for the same period in 2023, representing an increase of approximately 24.8%[63]. Debt and Obligations - Total film-related obligations at the end of Q3 2024 were $1,940.2 million, up from $1,801.8 million at the beginning of the period[62]. - Film related obligations at the beginning of the period (current and non-current) were $2,023.6 million for the nine months ended December 31, 2023, compared to $1,938.0 million for the same period in 2024, indicating a decrease of approximately 4.2%[63]. - The company reported a goodwill and intangible asset impairment of $663.9 million in the nine months ended December 31, 2023, impacting overall financial health[53]. - The company incurred content impairment charges of $7.3 million related to the Motion Picture and Television Production segments during the three months ended December 31, 2024[48]. Restructuring and Costs - 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]. - The company expects to incur approximately $26.1 million in severance expenses under a voluntary severance program, with $14.6 million recognized in Q3 2024[105]. - Restructuring and other costs for Q3 2024 totaled $40.9 million, a decrease from $52.5 million in Q3 2023[105]. 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 exited territories, were 27.17 million as of June 30, 2024, a decrease of 2.0% from the previous quarter[40]. Non-GAAP Measures - Adjusted OIBDA is defined as operating income before adjusted depreciation and amortization, providing a clearer view of the company's operational performance[66]. - The company uses non-GAAP financial measures to evaluate operating performance, which are considered important for understanding the fundamental performance of the business[81]. - Adjusted Net Income (Loss) attributable to Lions Gate Entertainment Corp. shareholders is adjusted for various non-operating items, providing a more accurate reflection of the company's profitability[78]. - The company believes that Adjusted Net Income (Loss) provides useful information regarding its business operations by excluding non-recurring items[135].

Group 1 - The article emphasizes the importance of identifying unique investment opportunities within special situations and value investing [1] - It highlights a focus on analyzing market inefficiencies to capture both upside and downside potential [1] - A disciplined approach to research and valuation is advocated to uncover investment opportunities [1] Group 2 - The article does not provide any specific company or industry analysis, nor does it mention any financial data or performance metrics [2][3]

SANTA MONICA, Calif. and VANCOUVER, BC, Jan. 17, 2025 /PRNewswire/ -- Lionsgate (NYSE: LGF.A, LGF.B) and Lionsgate Studios (Nasdaq: LION) today announced they will release their financial results for the fiscal 2025 third quarter ended December 31, 2024 after market close on Thursday, February 6.Lionsgate and Lionsgate Studios senior management will hold their analyst and investor call to discuss their fiscal 2025 third quarter at 5:00 P.M. ET/2:00 P.M. PT on Thursday, February 6. Interested parties may lis ...

Core Points - The Lion Electric Company has reached a definitive agreement to sell its innovation center facility in Mirabel, Québec for C$50,000,000 [1][2] - The net proceeds from the sale will be used for the partial repayment of the Company's senior secured non-convertible debentures issued in July 2023 [2] - The transaction is expected to close before the end of 2024, subject to customary closing conditions [3] Company Overview - Lion Electric is a leading manufacturer of all-electric medium and heavy-duty urban vehicles, including zero-emission school buses [4][5] - The company designs, builds, and assembles many of its vehicle components, such as chassis, battery packs, truck cabins, and bus bodies [4] - Lion Electric is recognized as a North American leader in electric transportation [5]

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