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Net Loss Per Share

6 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Net Loss Per Share

Net Loss Per Share

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 and six months ended September 30, 2024 and 2023 is presented below:

			Three Months Ended												Six Months Ended
			September 30,												September 30,
			2024						2023						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			$	(163.3)					$	(886.2)					$	(222.7)					$	(956.9)
Accretion of redeemable noncontrolling interest			(0.3)						—						(0.6)						—
Net loss attributable to Lions Gate Entertainment Corp. shareholders after accretion of redeemable noncontrolling interest			$	(163.6)					$	(886.2)					$	(223.3)					$	(956.9)
Denominator:
Weighted average common shares outstanding			239.3						234.0						237.5						232.1
Basic and diluted net loss per common share			$	(0.68)					$	(3.79)					$	(0.94)					$	(4.12)

As a result of the net loss in the three and six months ended September 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 and six months ended September 30, 2024 totaled 1.7 million and 3.2 million, respectively, (three and six months ended September 30, 2023 - 1.0 million and 3.3 million, respectively).

Additionally, for the three and six months ended September 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												Six Months Ended
			September 30,												September 30,
			2024						2023						2024						2023
			(Amounts in millions)
Anti-dilutive shares issuable
Share purchase options			17.6						20.4						15.7						18.7
Restricted share units			6.6						6.6						3.3						3.4
Other issuable shares			3.8						4.1						3.8						4.0
Total weighted average anti-dilutive shares issuable excluded from diluted net income (loss) per common share			28.0						31.1						22.8						26.1

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- References

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-3

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