Search results for venu

The analysis includes Lionsgate Studios. The Studio Business, which includes the Motion Picture and Television Production segments, reported revenue of $588.4 million, reflecting a 5.9% decrease from the prior year quarter.

Streaming revenues increased 9% to $150 million, driven by year-over-year subscriber growth and price increases. In addition, advertising revenues decreased 11% to $149 million due to linear ratings declines.

Reaching 103.3 million subscribers, advertising revenue in the DTC segment saw a significant increase of 99%, driven by higher domestic Max engagement and growth in ad-lite subscribers, and increasing ARPU by 4% to $8.00.

The company’s streaming platform Joyn continued its upward trajectory, with AVOD revenues jumping 25% and total viewing time surging 38%. Also, the entertainment segment saw a 3% rise in Q2 external revenues to €612 million, while the commerce and ventures segment posted a 17% increase to €197 million.

The company announced its financial results for the third quarter of 2024, reflecting a 4% increase in revenue.