Lionsgate lost 500,000 subscribers this quarter as the US studio and streaming business felt the after effects of the 2023 studio strikes.
North American OTT subscribers increased 5.5% to 13.2 million
Earlier this week, STARZ told US customers it would be increasing subscription prices by a dollar a month.
Revenue for the quarter came in at $834.7 million, a fall of 8%.
The company recorded a net loss of $59.4 million.
“We’re pleased to report a solid quarter despite unprecedented industry disruption and the aftereffects of the strikes,” said Lionsgate and Lionsgate Studios CEO Jon Feltheimer. “Our Motion Picture Group, STARZ and our library performed well, though financial results in our television segment reflected a heavily backloaded year.”
