John Wick continues to be the straw that stirs the drink at Lionsgate.

The dwelling leisure debut of the fourth movie of the hit man hit man sequence and the premiere of its streaming spin-off “The Continental” lifted revenues at Lionsgate to simply over $1 billion, beating Wall Street’s estimates. That was up from $875.2 million within the prior-year quarter. However, the corporate additionally reported a web loss to Lionsgate shareholders of $886.2 million, which it attributed to restructuring prices and a writedown associated to its choice to have its Starz enterprise exit Latin America and the United Kingdom. That was compared to a prior-year lack of $1.181 billion. Adjusted web revenue was $48.6 million and there was an adjusted loss per share of $3.79.

The earnings report comes as Lionsgate is exploring promoting or spinning off Starz, its cable and streaming enterprise, and because it prepares to finalize its $500 million buy of  Entertainment One‘s (eOne) TV and movie operations from Hasbro. EOne is the producer of “Yellowjackets” and “Naked and Afraid” and the deal additionally consists of rights for Hasbro-based exhibits like “Play-Doh Squished.” 

Lionsgate’s movement image phase income elevated 77% to $395.9 million, with earnings leaping 22% to $63.2 million. That was largely because of the success of “John Wick: Chapter Four” on dwelling leisure in addition to the discharge of the tenth “Saw” movie. Lionsgate’s tv unit noticed revenues fall 9% to $393.9 million whereas earnings jumped from $13.6 million to $63.2 million. The income declines have been linked to the influence of the writers and actors strike, which prevented Lionsgate from delivering as many episodes.

Lionsgate’s media networks phase, which incorporates Starz, noticed income rise 5% to $416.5 million due to development in its home streaming enterprise. Segment revenue grew to $66.6 million in comparison with $21 million within the prior-year interval. Starz added 480,000 subscribers throughout the quarter. The service now has an viewers of 26.8 million customers.