Thanks to The Twilight Saga Lionsgate's revenue up 130%
The company reported revenue of $743.6 million, EBITDA of $66.2 million, adjusted EBITDA of $87.2 million and net income of $37.8 million or $0.28 per basic share for the third quarter of Fiscal 2013 ended December 31, 2012.
The company reported EBITDA of $66.2 million and adjusted EBITDA of $87.2 million in Q3 compared to EBITDA of $16.6 million and adjusted EBITDA of $27.3 million in the prior year quarter. Net income was $37.8 million in Q3, compared to net loss of $1.4 million in the prior year quarter.
Basic net income per common share for Q3 was $0.28 on 135.0 million weighted average common shares outstanding. The Company reported $125.2 million in free cash flow in the third quarter compared to free cash flow of negative $37 million in the prior year quarter.
"The quarter reflected not only the impact of our young adult franchises but strong contributions from the rest of our theatrical releases and our home entertainment and international operations. Our revenue growth compared to the prior year quarter was matched by continued strong EBITDA and free cash flow that will enable us to continue our focus on optimizing our capital structure and deleveraging our balance sheet," said Lionsgate chief executive officer Jon Feltheimer.
Revenue for the nine months ended December 31, 2012 was $1.92 billion compared to $942.4 million in the prior year nine-month period. EBITDA of $156.9 million and adjusted EBITDA of $214.1 million for the nine-month period ($38.4 million and adjusted EBITDA of $41.5 million for the prior year nine months). Lionsgate's filmed entertainment backlog was $1.2 billion at December 31, 2012. ■