Lionsgate Widens Q1 Loss On Reduced Studio Business Revenue
Lionsgate, now without Starz results, on Thursday posted lower overall studio business revenues and a widened loss for the first quarter of fiscal 2026.
The Hollywood studio, led by CEO Jon Feltheimer, during the first quarter recorded a net profit attributable to shareholders at $108.9 million, compared to a year-earlier $59.4 million loss, on overall studio business revenue falling to $556 million, compared to a year-earlier $590.7 million. The total revenue line for the latest quarter beat a Wall Street estimate by $3 million.
Lionsgate posted an earnings per-share loss of 40 cents, compared to a year-earlier per-share loss of 24 cents. Adjusted OIBDA came to a loss of $3.7 million.
The newly-launched Lionsgate Studios business is comprised of Lionsgate’s Motion Picture Group and Television Studio business, along with a 20,000-strong film and TV library. Starz, also a standalone publicly-traded company, discloses its own financial results.
The company’s studios business, which combines the Motion Picture and TV production segments, saw Motion Picture revenue fall to $267.3 million, compared to $349.6 million in the year-ago period. Lionsgate said the prior year period had gains from from carry-over profits from fiscal 2024 titles.
During the latest first quarter, Ballerina, a spin-off from the John Wick franchise, was the main theatrical release out of Lionsgate, with Shadow Force and Hurry Up Tomorrow also filling screens at the multiplex.
And Q1 TV production revenue rose to $288.5 million, against a year-earlier $241.1 million, on an increase in episodic deliveries and more profitable new series.
The segment profit, a key metric, for the Motion Picture division, came in at $2.4 million, compared to a year-earlier $85.2 million. The TV Production segment profit came in at $26 million, compared to a year-earlier $10.7 million.
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