Lionsgate has reported first-quarter (quarter ended June 30, 2021) revenue of $901.2 million, operating income of $20.3 million.

The company said in a statement net loss attributable to Lionsgate shareholders of $45.4 million or $0.20 diluted net loss per share on 221.8 million diluted weighted average common shares outstanding.

Adjusted net income attributable to Lionsgate shareholders in the quarter was $42.4 million or adjusted diluted EPS of $0.18 on 229.2 million diluted weighted average common shares outstanding, with adjusted OIBDA of $119.8 million.

“I’m pleased to report that we were able to lean into our resilient business model to drive strong financial results in the quarter,” said Lionsgate CEO Jon Feltheimer.  “We filled our content pipelines with exciting new properties and added valuable new titles to our library.  Like the rest of the industry, Starz subscriber growth was impacted by the decline in at home viewership and, importantly, a light content quarter due to COVID-driven production delays.

“However, the strong opening of Power Book III:Raising Kanan two weeks after the quarter ended sparked a return to strong global subscriber growth which we expect to continue for the rest of the year.”

Revenue from Lionsgate’s 17,000-title film and television library was $740 million for the trailing 12 months.  Lionsgate announced the acquisition of the Spyglass Media Group library after the end of the quarter.