Investors had low expectations for Lionsgate’s June quarter following the disappointing performance of Now You See Me 2. But the studio vaulted the bar with help from a $26.3 million tax benefit — contributing to a 5% jump in the stock price in post market trading.
Lionsgate reported net income of $1.25 million, down from $40.7 million in the quarter last year, on revenues of $575.6 million, up 57.8%. The top line beat expectations for $494.3 million.
And earnings at a…![]()
