Net Loss Per Share

3 Months Ended

Jun. 30, 2024

Basic net loss per share is calculated based on the weighted average common shares outstanding for the period. Basic and diluted net loss per share for the three months ended June 30, 2024 and 2023 is presented below:


	Three Months Ended
	June 30,
		2024		2023
		(Amounts in millions, except per share amounts)
Basic and Diluted Net Loss Per Common Share:
Numerator:
Net loss attributable to Lions Gate Entertainment Corp. shareholders		$	(59.4)	$	(70.7)
Accretion of redeemable noncontrolling interest		(0.3)		—
Net loss attributable to Lions Gate Entertainment Corp. shareholders after accretion of redeemable noncontrolling interest		$	(59.7)	$	(70.7)
Denominator:
Weighted average common shares outstanding		235.6		230.2
Basic and diluted net loss per common share		$	(0.25)	$	(0.31)

As a result of the net loss in the three months ended June 30, 2024 and 2023, the dilutive effect of the share purchase options, RSUs and restricted stock, and contingently issuable shares were considered anti-dilutive and, therefore, excluded from diluted net loss per share. The weighted average anti-dilutive shares excluded from the calculation due to the net loss for the three months ended June 30, 2024 and 2023 totaled 4.8 million and 5.6 million, respectively.

Additionally, for the three months ended June 30, 2024 and 2023, the outstanding common shares issuable presented below were excluded from diluted net loss per common share because their inclusion would have had an anti-dilutive effect regardless of net income or loss in the period.


	Three Months Ended
	June 30,
		2024	2023
		(Amounts in millions)
Anti-dilutive shares issuable

Share purchase options		13.8	17.0
Restricted share units		—	0.2
Other issuable shares		3.8	3.8
Total weighted average anti-dilutive shares issuable excluded from diluted net income (loss) per common share		17.6	21.0