"The Company noted that all five releases are anticipated to be profitable on an ultimate basis."
"EBITDA and net loss in the quarter were also affected by increased G&A costs due primarily to increased stock-based compensation largely associated with the increase in the Company's stock price as well as increased costs associated with the integration of Summit Entertainment."
"Profitability... was also impacted by increased interest expense, a noncash charge for early retirement of a significant portion of the Summit term loan debt and the application of purchase accounting required by GAAP."
"Lionsgate's filmed entertainment backlog was $992 million at June 30, 2012. Filmed entertainment backlog represents the amount of future revenue NOT YET [caps mine] recorded from contracts for the licensing of films and television product for television exhibition and in international markets."
Many items to consider, plus nearly $1 billion in future revenue NOT recorded.
If management fails to clearly explain this (apparent) accounting issue re "Hunger Games," the stock is dead until next quarter earnings release. That is if "Exp II" performs; if it underperfoms, you're looking at a $10-12 stock.