John Wick spinoff Ballerina may have been a box office misfire in June, but its release stirred enough interest in the franchise to boost Lionsgate‘s library revenue close to $1 billion over the trailing 12-month period.
A 12% upswing in library revenue to $989 million over the trailing 12 months was the third straight quarterly record for the metric. That helped offset difficulties in the film division during the April-to-June quarter, the company said Thursday. Revenue of $555.9 million edged Wall Street analysts’ consensus forecast, though a loss per share of 32 cents was wider than the Street expected.
“In a post-separation transitional year for the studio, we are taking a number of important steps toward returning to solid growth in fiscal 2027,” CEO Jon Feltheimer said in the earnings release. “We have three major film tentpoles set for release in the coming fiscal year, expect to double our scripted television series deliveries next year and continue to innovate our brands across new businesses and onto new platforms.”
One of the quarter’s major events was not on a film or TV screen. In May, Lionsgate and Starz completed their long-in-the-works split into two publicly traded companies. The financial report reflected only the Lionsgate studio assets.
The company’s TV business is behind Apple TV+ hit The Studio, but its March premiere was not during the quarter. The Hunting Wives, for Netflix, was in July, also outside of the frame.
