Lionsgate Q1 2017 revenue was $553.6 million, adjusted EBITDA $40.7 million, and adjusted net income attributable to Lionsgate shareholders $29.5 million or adjusted basic EPS of $0.20.
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Net income attributable to Lionsgate shareholders qas $1.3 million or basic EPS of $0.01 for the quarter ended June 30, 2016.
Revenue of $553.6 million for the quarter grew 35% from the prior-year quarter driven by strong gains in Television Production revenue as well as revenue gains in all categories of the Motion Pictures segment.
Increased Television Production revenue was led by strong growth in domestic television series licensing and inclusion of $27.3 million in revenue from Pilgrim Media Group which more than offset declines from international television sales and home entertainment revenue from television programming.
Domestic television series episodes and hours delivered in the quarter more than tripled those of the prior-year quarter.
Net income attributable to Lionsgate shareholders for the quarter of $1.3 million or basic EPS of $0.01 on 147.2 million weighted average number of common shares outstanding compared to net income attributable to Lionsgate shareholders of $40.7 million or basic EPS of $0.28 on 147.6 million weighted average number of common shares outstanding during the prior year quarter.
Adjusted EBITDA of $40.7 million for the quarter compared to adjusted EBITDA of $71.0 million in the prior year quarter.
Adjusted net income attributable to Lionsgate shareholders of $29.5 million or adjusted basic EPS of $0.20 for the quarter compared to adjusted net income attributable to Lionsgate shareholders of $49.3 million or adjusted basic EPS of $0.33 in the prior year quarter.
Declines in adjusted EBITDA and EPS were attributable in part to higher marketing and distribution costs for a theatrical slate that included two wide releases in the quarter compared to no wide theatrical releases with associated marketing costs in the prior year quarter.
Increased G&A in the quarter was due in part to one-time professional fees and other costs associated with Lionsgate's agreement to acquire Starz.
Overall Motion Picture segment revenue was $362.5 million in the quarter compared to $275.4 million in the prior year quarter.
Theatrical revenue more than doubled in the quarter to $47.2 million due to a larger wide release slate than in the prior year quarter. Television revenues from the Motion Picture segment increased 10% to $53.3 million.
Lionsgate's home entertainment revenue from motion picture and television production for the quarter was $150.3 million, a 16% increase from the prior year quarter, reflecting four wide theatrical releases compared to two wide theatrical releases in the prior year quarter.
International Motion Picture segment revenue increased 34% to $113.8 million in the quarter. ■