Lions Gate Entertainment Corp. FY 2024 Financial Results

Report Type: Financial results for Lions Gate Entertainment Corp.

Date: May 31, 2024

Ticker: LGF-B

Exchange: NYSE

Sector: Communication Services

Industry: Entertainment

Reported Currency: USD

Executive Summary

Lions Gate Entertainment Corp. reported its financial results for the fiscal year ending March 31, 2024. The company operates within the Communication Services sector under the Entertainment industry on the NYSE.

Financial Highlights

Revenue: USD 2.99B

Gross Profit: USD 1.10B (Gross Profit Margin: 36.82%)

Operating Expenses: USD 462.30M

Operating Income: USD 139.70M (Operating Income Ratio: 4.68%)

Net Income: USD -93.50M (Net Income Ratio: -3.13%)

Earnings per Share (EPS): USD -0.40

EBITDA: USD -334.60M (EBITDA Ratio: -11.20%)

Liquidity and Capital Resources

Total Assets: USD 7.09B

Total Liabilities: USD 7.28B

Total Stockholders' Equity: USD -312.70M

Total Debt: USD 2.48B

Net Debt: USD 2.17B

Cash Flow Analysis

Operating Cash Flow: USD 488.90M

Free Cash Flow: USD 479.00M

Cash at End of Period: USD 334.40M

Market Cap and Financial Ratios

Current Market Cap: USD 1.80B

Current Ratio: 36.66%

Quick Ratio: 26.73%

Total Debt-to-Equity Ratio: -793.09%

Interest Coverage: -7.15x

Price-to-Earnings Ratio: -1.58x

Altman Z Score: -0.4455

Piotroski Score: 4

Peer Comparisons

In comparison to its peers, Lions Gate Entertainment Corp. exhibited the following:

Gross Profit Margin (TTM): 43.64% (Average: 39.49%)

Operating Profit Margin (TTM): -22.71% (Average: 3.42%)

Net Profit Margin (TTM): -29.39% (Average: 0.59%)

Return on Equity (TTM): 3,342.36% (Average: 85.48%)

Debt-to-Equity Ratio (TTM): -793.09% (Average: -199.26%)

Interest Coverage (TTM): -715.33% (Average: 208.08%)

Conclusion

The fiscal year 2024 presented significant challenges for Lions Gate Entertainment Corp., reflected by its negative net income and EBITDA. The company continues to demonstrate strong revenue generation but faces high operating expenses and substantial debt levels. Close attention to cash flow management and refinancing strategies will be critical going forward. Future financial strategies pivoting towards cost management, debt reduction, and ensuring sustainable profitability will be essential for improving overall financial health and shareholder value.

Detailed Report