Lionsgate Studios reported its second-quarter fiscal 2025 results for the period ended September 30, 2024, with the Studio Business generating $823.7 million in revenue, an increase of 4% from the prior year quarter. Despite this revenue growth, the Studio Business recorded an operating loss of $34.8 million and an Adjusted OIBDA loss of $6.3 million, a decline from $97.9 million Adjusted OIBDA in the previous year's quarter.
The Motion Picture segment's revenue increased by 3% to $407.1 million, but its segment profit decreased to $2.6 million. This decline was primarily attributed to the underperformance of the film 'Borderlands' and other wide theatrical releases during the quarter. In contrast, the Television Production segment saw a 6% increase in revenue to $416.6 million, driven by higher series deliveries to STARZ, though its segment profit decreased to $24.4 million due to lingering effects from last year's industry strikes.
The company's trailing 12-month library revenue reached $892 million, marking a 3% increase from the prior year's second quarter, highlighting the consistent value of its content catalog. Lionsgate also noted that approximately 8% of its eligible U.S. employees elected to take advantage of voluntary severance and early retirement packages after the quarter ended, reflecting ongoing efforts to streamline operations.
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