Lionsgate motion picture profit jumps from $2.4 million to a Q1 record $105 million on Michael and The Housemaid

Lionsgate Studios' June-quarter motion picture revenue more than doubled to $587 million, with segment profit hitting a first-quarter record of $105 million — up from $2.4 million a year earlier. The biopic Michael crossed $1 billion in worldwide box office; The Housemaid drove strong after-market sales. Total quarterly revenue rose nearly 50% to $777 million, per Deadline.