MUMBAI: After posting losses totaling $366.775 million during a five year period from 2008 to 2012, film and television entertainment company Lions Gate Entertainment Corp (Lionsgate) reported an adjusted net income of $190.1 million for the financial year ended March 2013. Lionsgate had reported a net income of $ 15.472 million way back in FY-2007.

Let?s compare the financials for FY 2013 to the prior year

The corporation reported revenue of $2.71 billion, adjusted EBITDA of $329.7 million, net income of $232.1 million and adjusted net income of $190.1 million for the fiscal ended 31 March, 2013.

Revenue of $2.71 billion for the fiscal increased by 71 per cent compared to $1.59 billion in the prior year, reflecting strong performances by the company throughout its theatrical, home entertainment, international and Lionsgate UK operations driven by a slate of films led by ?The Hunger Games? and ?Twilight? franchises.

Adjusted EBITDA of $329.7 million for the fiscal compared to adjusted EBITDA of $71.6 million in the prior year.

Net income for the fiscal was $232.1 million compared to a $ 39.1 million net loss during the prior year. Adjusted net income of $190.1 million compared to adjusted net loss of $ 13.1 million.

Free cash flow of $280.5 million for fiscal 2013 compared to negative free cash flow of $(86.9) million in the prior year.

Lionsgate?s film entertainment backlog, or already contracted future revenue not yet recorded, was $1.1 billion at March 31, 2013.

Overall motion picture segment revenue for fiscal 2013 was $2.33 billion, an increase of 96 per cent from the prior year reflecting strong gains in all categories. Within the segment, theatrical revenue in the fiscal year was $535.5 million compared to $208.9 million in the prior year, a 156 per cent increase attributable to the box office performance of a 2013 slate that included ?The Twilight Saga: Breaking Dawn - Part 2?, ?Warm Bodies?, ?The Expendables 2? and ?Madea?s Witness Protection? as well as ?The Hunger Games? from the 2012 slate. The next ?Hunger Games? installment, ?The Hunger Games: Catching Fire?, will open worldwide on 22 November, 2013.

Lionsgate?s home entertainment revenue from both motion pictures and television was $964.1 million for the fiscal year, a 41 per cent increase compared to $683.5 million in the prior year, driven by ?The Hunger Games?, ?The Twilight Saga: Breaking Dawn -- Part 1? and ?The Twilight Saga: Breaking Dawn - Part 2?, three of the biggest home entertainment titles of the year, as well as ?The Expendables 2?, ?Madea?s Witness Proetction?, ?Cabin In The Woods? and ?What To Expect When You?re Expecting?.

Digital media revenue increased by 46 per cent to $276.6 million in fiscal 2013 compared to $190.1 million in the prior year.

Television revenue included in the motion picture segment was $277.9 million in the fiscal more than doubling the $119.9 million generated in the prior year.

International Motion Picture segment revenue of $369.7 million (excluding Lionsgate UK) for the fiscal more than tripled the prior year total. Lionsgate UK revenue was $147.7 million, an increase of 46 per cent from the prior year.

Revenue in the television production segment in the fiscal was $379.0 million compared to $397.3 million in the prior year. The decline was primarily attributable to a decrease in home entertainment revenue for television programming as the prior year included the licensing of four seasons of ?Mad Men? to Netflix. Domestic and international licensing of television programming posted gains over the prior year.

Lionsgate CEO Jon Feltheimer said, "We completed a stellar fiscal 2013 with an outstanding fourth quarter that reflected strong contributions from our young adult franchises as well as the rest of our theatrical slate and our home entertainment and international businesses. We are performing ahead of plan for all of our metrics, and we?re pleased with the financial strength of our diverse portfolio of businesses and our strong and growing momentum building Lionsgate into a next generation global content leader."

MUMBAI: US film and television company Lionsgate has turned profitable in the fiscal third quarter compared to a loss in the year-ago period.

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 for the third quarter ended 31 December 2012 compared to net loss of $ 1.4 million in the prior year quarter.

For nine months, net income was $69.2 million compared to net loss of $ 16.4 million for the prior year period.

Revenue of $743.6 million in the third quarter increased by 130 per cent compared to $323.0 million in the prior year quarter, driven by the domestic theatrical box office performance of ?The Twilight Saga: Breaking Dawn ? Part 2? and several other films, continued strong home entertainment and international revenue and increased pay television revenue.

EBITDA of $66.2 million and adjusted EBITDA of $87.2 million in the third quarter compared to EBITDA of $16.6 million and adjusted EBITDA of $27.3 million in the prior year quarter.

The company noted that, excluding the $14.7 million noncash expense for extinguishment of debt related to the early payment of the balance of the Summit term loan, net income as adjusted was $52.4 million or $0.39 per basic share.

Profitability and EBITDA growth in the third quarter compared to the prior year quarter was attributable to strong performances of the company?s theatrical, home entertainment and international businesses which more than offset increased marketing costs for a larger slate of films.

The company reported $125.2 million in free cash flow in the third quarter compared to free cash flow of negative $(37.0) million in the prior year quarter.

Revenue for the nine months ended 31 December 2012 was $1.92 billion revenue from ?The Hunger Games?, which was released on DVD and digital in August.

Television revenue included in motion picture revenue was $98.8 million in the third quarter, a fourfold increase from the prior year quarter driven by contributions from ?The Hunger Games?, ?The Twilight Saga: Breaking Dawn? Part 1? and ?Good Deeds?. International motion picture revenue of $89.5 million (excluding Lionsgate U.K.) for the third quarter increased six times over from the prior year quarter driven by the strong international theatrical performances of ?The Twilight Saga: Breaking Dawn ? Part 2? and ?Step Up Revolutiom?.

Lionsgate U.K. revenue was $36.6 million, an increase of 120 per cent from the prior year quarter, on the strength of a theatrical slate driven by ?The Expendables 2? and ?What To Expect When You?re Expecting?, Lionsgate UK and third-party titles ?Magic Mike? and ?Keith Lemon: The Film? and the continued strong performance of ?The Hunger Games?.

Television production revenue was $70.1 million in the third quarter, a decline of 22 per cent compared to the prior year quarter, as strong international sales of ?Anger Management?, ?Mad Men? seasons 3, 4 and 5 and Weeds Season 8 were offset by revenue declines in domestic series licensing due to timing.