Revenue during the quarter surged 34.14 percent to $639.53 million from $476.76 million in the previous year period. Operating margin for the quarter stood at negative 9.09 percent as compared to a negative 8.24 percent for the previous year period.

Operating loss for the quarter was $58.16 million, compared with an operating loss of $39.29 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $2.56 million compared to negative $8.14 million in the prior year second quarter. At the same time, adjusted EBITDA margin stood at 0.40 percent for the quarter compared to negative 1.71 percent in the last year period.

"We achieved solid revenue gains across our core businesses, highlighted by another strong performance from our Television Group, in what we expect to be the last quarter for which we report Lionsgate financial results on a standalone basis," said Lionsgate Chief Executive Officer Jon Feltheimer. "We’re making great progress in planning the integration of Starz and Lionsgate, and next quarter we expect to report combined numbers that will begin to reflect the scope of our vertically integrated global content platform, supported by strong free cash flow generation and a more diversified income stream."

Operating cash flow turns positive
Lions Gate Entertainment Corp has generated cash of $194.40 million from operating activities during the first half as against cash outgo of $168.61 million in the last year period.

The company has spent $9.38 million cash to meet investing activities during the first six months as against cash outgo of $10.54 million in the last year period.

The company has spent $138.31 million cash to carry out financing activities during the first six months as against cash inflow of $247.41 million in the last year period.

Cash and cash equivalents stood at $105.95 million as on Sep. 30, 2016, down 37.83 percent or $64.46 million from $170.42 million on Sep. 30, 2015.