NEW YORK (TheStreet) -- Lionsgate Entertainment (LGF) reported record quarterly revenue and record adjusted EBIDTA when the company released its third-quarter results after the market closed on Thursday.
Lionsgate noted revenue of $839.9 million, a 13% increase from $743.6 million in the same period one year earlier, and adjusted EBIDTA of $151.4 million, up from $87.2 million in the same quarter a year ago. The company cited the domestic and international success of The Hunger Games: Catching Fire movie for the increases, along with the domestic performances of Ender's Game and A Madea Christmas and the international performances of Red 2, Escape Plan and Now You See Me.
The company also posted net income of $88.8 million, or 64 cents a share, and adjusted net income of $96.4 million, or 70 cents a share for the quarter that ended on Dec. 31. Finally, Lionsgate had free cash flow of $117.4 million for the quarter.
Analysts expected Lionsgate to earn 44 cents a share on revenue of $834 million, according to Thomson Reuters.
"Our stellar results in the quarter were attributable to our operating performance, the favorable environment for content and the benefits from our strong balance sheet," said CEO Jon Feltheimer in the company's statement. "We will continue to invest in content and embrace innovative models for licensing that content to digital and traditional platforms alike in order to build on this performance and create additional long-term value for our shareholders."
The stock was up 3.42% to $31.73, up $1.05 from its previous close of $30.68, at the close of the trading day on Thursday. It was down 0.66% to $31.69 in after-hours trading.