Lions Gate Entertainment Beats Q2 Estimates

Lions Gate Entertainment Corp. (USA) (NYSE: LGF) reported financial results Thursday for the FY 2015 Q2 ending September 30, 2014. Revenues were $552.9 million, above estimates of $518.72 million and above the $498.7 reported in the prior year quarter.

Adjusted EBITDA was $59.0 million and adjusted net income was $33.0 million or $0.24 adjusted basic net income per share, above estimates of $0.11 and the $0 reported in the prior year period.

"We're pleased that our entire portfolio of businesses contributed to our solid results in the quarter, driven by a particularly strong performance from our television operations," said Lionsgate Chief Executive Officer Jon Feltheimer. "It was a quarter in which we extended our franchises into new lines of business, continued to assemble a strong pipeline of new properties with great commercial potential and developed online platforms that will enhance our ability to deliver our content directly to the consumer."

Lions Gate Entertainment traded at $33.75 in the premarket, up 5.2 percent.