Lionsgate Studios Corp. (LION) saw its shares soar 43.63% in the pre-market trading session on Friday, following the release of its upbeat third quarter earnings results for fiscal 2025.
The entertainment production company reported adjusted earnings per share of $0.22 for the quarter ended December 31, 2024, surpassing analysts' expectations of $0.03 per share. Revenue also came in stronger than anticipated at $713.8 million, exceeding the consensus estimate of $678 million.
The impressive quarterly performance, coupled with positive analyst recommendations, fueled investor optimism and drove the stock's significant pre-market surge. Analysts currently maintain a "buy" rating on Lionsgate Studios, with a median 12-month price target of $10 per share.
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