Lionsgate has released its third quarter financial results after the spinoff of the media giants studio business into a separately traded stock.

The studio, led by CEO Jon Feltheimer, posted a sharply narrowed net loss attributable to shareholders at $21.9 million, compared to a year-earlier loss at $107.4 million when Lionsgate at the time reported on the impact of the earlier Hollywood writers and actors strikes on its content production and release pipeline.

During the latest quarter to Dec. 31, 2024, overall revenue fell to $970.5 million, against $975.1 million in the same period of last year. That blew past an analyst estimate for $922 million in overall third quarter revenues by $48 million. Lionsgate posted an adjusted earnings per-share at 28 cents, which surpassed the analyst estimate by 21 cents. And the studios adjusted OIBDA came to $144.2 million, against a year-earlier $151 million, which well exceeded the Wall Street estimate for $104 million in adjusted OIBDA.

Lionsgate is the studio behindJohn Wick,The Hunger Gamesand other movie franchises. During the latest quarter, Lionsgate scored at the local multiplex with three mid-budget film releases for Best Christmas Pageant Ever,Den of Thieves 2andFlight Risk.

Im pleased to report a strong quarter in which our businesses performed well in a challenging environment, Lionsgate and Lionsgate Studios CEO Jon Feltheimer said in a statement.

Lionsgate in January extended its multiyear film licensing deal withStarzahead of the completion of a proposed separation of its studio operations from its pay TV and streaming business.

The studio reported record trailing 12-month library revenue rising 22 percent to $954 million in the quarter. Lionsgates studio business, made up of the film and TV divisions, saw revenue edge up 3 percent to $713.8 million.

TV production revenue rose 63 percent to $404.6 million on increased episodic deliveries, compared to a year-earlier $285.4 million, which came in the wake of the Hollywood labor disruption and industry shutdowns.

Also during the latest quarter, the media networks division, which is mainly Starz, saw segment revenue fall $341.9 million, compared to a year-earlier $417.2 million.