Lionsgate Reduces Quarterly Loss Following Starz Spin-Off
Lionsgate released its latest financial report as an independent film and TV studio company, after separating from its Starz streaming platform. The newly solo company reported a significantly lower revenue and a smaller loss for the second quarter of fiscal 2026.
Financial Performance Overview
- Net loss attributable to shareholders amounted to $113.5 million, down from $163.3 million in the previous year.
- Revenue for the studio business decreased to $475.1 million from $604 million a year earlier.
- Earnings per share (EPS) loss improved to 39 cents from 68 cents the prior year.
- Adjusted OIBDA was reported at $14.1 million.
Investor Reaction
After-market trading saw Lionsgate's stock decline by 5%, falling 36 cents to $6.67 per share.
Company Structure and Segment Performance
The restructured Lionsgate Studios now includes its Motion Picture Group, Television Studio business, and a film and TV library of 20,000 titles. Starz continues as a separate publicly traded company with its own financial disclosures.
Within the studios segment, the Motion Picture Group's revenue dropped significantly, from $409.4 million to $276.4 million compared to last year.
"The Hollywood studio, led by CEO Jon Feltheimer, posted a net loss attributable to shareholders at $113.5 million, compared to a year-earlier $163.3 million loss, after spinning off its Starz streaming platform."
Author’s summary: Lionsgate, operating independently after the Starz spin-off, posted improved financial results despite lower revenues, signaling progress in streamlining its core studios business.