Surging revenue from a number of theatrical releases highlighted Lionsgate current financial results.
For its fiscal fourth quarter the movie/TV company witnessed revenues improving to $785.7 million from $645.2 million in the period before, with net income at $163 million compared to a net loss of $22.7 a year ago. For its fiscal 2013 year, revenues gained 71% to $2.7 billion, with net income at $232 million versus a net loss of $39 million in fiscal 2012.
Throughout the year, the company benefited from "The Twilight Saga: Breaking Dawn--Part 2," "Warm Bodies," "The Expendables 2," and "Madea's Witness Protection" when it came to theatrical revenue, which rose to $535.5 million from $208.9 million in the period before.
Overall, its motion picture business for its fiscal year was $2.33 billion -- an increase of 96% from the prior year, reflecting strong gains in all categories. Television revenue, included in the motion picture segment, was $277.9 million in fiscal 2013, more than doubling the $119.9 million generated in the prior year.
One negative area is TV production. Revenue for the year was down to $379 million compared to $397.3 million. The company says lower home entertainment came from unfavorable comparisons to the year before, which recognized a big four-year licensing deal of "Mad Men" to Netflix.
Lionsgate's home entertainment revenue from both motion pictures and television was $964.1 million for the fiscal year -- 41% higher than the $683.5 million in the prior year.
Friday's midday stock price of Lionsgate gained 5.7% to $29.62.