Lionsgate on Thursday shrunk its fiscal fourth-quarter loss as the Hollywood studio in the streaming space saw its global OTT subscriber base for Starz, Starzplay Arabia and Pantaya grow to 10.6 million, with the domestic OTT paid subscriber base standing at 6.8 million.
Lionsgate reported adjusted earnings of 21 cents per share for the three months ending March 31 against a year-earlier loss of 72 cents, which met a Wall Street estimate for 21 cents in a per-share loss during the latest quarter.
The studio posted a narrowing quarterly loss of $44.9 million against a year-earlier loss of $155.2 million. Fourth-quarter revenue came to $944 million, compared with a year-earlier $913.7 million, which beat an analyst estimate of $933.5 million.