LIONSGATE REPORTS RESULTS FOR FIRST QUARTER FISCAL 2026
Studio Revenue was $556 Million; Net Loss From Continuing Operations Attributable to Shareholders was $94.0 Million or $0.35 Diluted Net Loss Per Share
Adjusted Net Loss from Continuing Operations Attributable to Shareholders was $88.1 Million or $0.32 Adjusted Diluted Net Loss Per Share
Operating Loss was $10.6 Million
Adjusted OIBDA was a Loss of $3.7 Million
Trailing 12-Month Library Revenue Grew 12% to Record $989 Million
SANTA MONICA, Calif. and VANCOUVER, BC, Aug. 7, 2025 /PRNewswire/ -- Lionsgate Studios Corp. (NYSE:LION) ("Lionsgate") today reported first quarter results for the quarter ended June 30, 2025. During the quarter, Lions Gate Entertainment Corp. fully separated its Lionsgate and STARZ businesses. This press release contains financial results for Lionsgate, which is comprised of its Motion Picture and Television Production segments.
The Company reported first quarter studio revenue of $555.9 million, operating loss of $10.6 million and net loss from continuing operations attributable to Lionsgate shareholders of $94.0 million or $0.35 diluted loss per share on 272.3 million diluted weighted average common shares outstanding. Adjusted net loss from continuing operations attributable to Lionsgate shareholders in the quarter was $88.1 million or $0.32 adjusted diluted loss per share on 272.3 million diluted weighted average common shares outstanding. Adjusted OIBDA was a loss of $3.7 million in the quarter.
"In a post-separation transitional year for the studio, we are taking a number of important steps toward returning to solid growth in fiscal 2027," said Lionsgate CEO Jon Feltheimer. "We have three major film tentpoles set for release in the coming fiscal year, expect to double our scripted television series deliveries next year and continue to innovate our brands across new businesses and onto new platforms. We are also continuing to create fresh revenue streams for our film and television library, contributing to another record trailing 12-month revenue performance in the quarter and increasing our visibility into the year ahead."
Trailing 12-month library revenue increased 12% from the prior-year quarter to a record $989 million, marking the 3rd straight quarter of record trailing 12-month library revenue.
First Quarter Segment Results
Motion Picture segment revenue and segment profit decreased to $267.3 million and $2.4 million, respectively, due to a difficult comparison with the prior year, which benefited from strong carryover profits from fiscal 2024 films.
Television Production segment revenue increased 20% to $288.5 million and segment profit increased nearly 150% to $26.0 million. Revenue and segment profit growth were driven by an increase in episodic deliveries, and segment profit also benefited from higher margin new series and lower G&A.
Lionsgate senior management will hold its analyst and investor conference call to discuss fiscal 2026 first quarter results today, August 7th, at 5:00 PM ET/2:00 PM PT. Interested parties may listen to the live webcast by visiting the events page on the Lionsgate Investor Relations website. Alternatively, interested parties can join the webcast directly via the following link. A full replay will become available this evening by clicking the same link.
About Lionsgate
Lionsgate (NYSE:LION) is one of the world's leading standalone, pure play content companies. It brings together diversified motion picture and television production and distribution businesses, a world-class portfolio of valuable brands and franchises, a premier talent management and production powerhouse at 3 Arts Entertainment and a more than 20,000-title film and television library, all driven by Lionsgate's bold and entrepreneurial culture.
For further information, investors should contact:Nilay
For media inquiries, please
The matters discussed in this press release include forward-looking statements, including those regarding the performance of future fiscal years. Such statements are subject to a number of risks and uncertainties. Actual results in the future could differ materially and adversely from those described in the forward-looking statements as a result of various important factors, including, but not limited to: the substantial investment of capital required to produce and market films and television series; budget overruns; limitations imposed by our credit facility and notes; unpredictability of the commercial success of our motion pictures and television programming; risks related to acquisition and integration of acquired businesses; the effects of dispositions of businesses or assets, including individual films or libraries; the cost of defending our intellectual property; technological changes and other trends affecting the entertainment industry; potential adverse reactions or changes to business or employee relationships; weakness in the global economy and financial markets, including a recession, bank failures and general economic uncertainty; wars, terrorism and multiple international conflicts that could cause significant economic disruption and political and social instability; labor disruptions and strikes; the volatility of currency exchange rates; our ability to manage growth; the effects of competition on our future business; the impact of and changes in governmental regulations or the enforcement thereof, tax laws and rates, accounting guidance and similar matters in regions in which we operate or will operate in the future; international, national or local economic, social or political conditions that could adversely affect our business; the effectiveness of our internal controls and our corporate policies and procedures; changes in personnel and availability of qualified personnel; the volatility of the market price and liquidity of our common shares; and the other risk factors set forth in Lionsgate's public filings with the Securities and Exchange Commission. The companies undertake no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect any future events or circumstances.
Additional Information Available on Websites
The information in this press release should be read in conjunction with the financial statements and footnotes contained in Lionsgate's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, which will be posted on Lionsgate's website at http://investors.lionsgate.com/. Trending schedules containing certain financial information will also be available.
LIONSGATE STUDIOS CORP.
CONSOLIDATED BALANCE SHEETS
June 30,2025
March 31,2025
(Unaudited, amounts in millions)
ASSETS
Cash and cash equivalents
$ 186.1
$ 212.5
Accounts receivable, net
834.7
585.6
Other current assets
387.4
362.1
Assets of discontinued operations - current
—
75.8
Total current assets
1,408.2
1,236.0
Investment in films and television programs, net
2,008.3
1,994.2
Property and equipment, net
34.5
34.1
Investments
49.4
77.8
Intangible assets, net
29.5
20.8
Goodwill
844.1
808.5
Other assets
786.9
827.1
Assets of discontinued operations - noncurrent
—
1,823.6
Total assets
$ 5,160.9
$ 6,822.1
LIABILITIES
Accounts payable
$ 307.1
$ 256.5
Content related payables
27.0
35.2
Other accrued liabilities
222.9
228.8
Participations and residuals
622.2
642.5
Film related obligations
1,521.8
1,618.0
Debt - short term portion
136.6
134.0
Deferred revenue
291.0
201.7
Liabilities of discontinued operations - current
—
350.6
Total current liabilities
3,128.6
3,467.3
Debt
1,528.8
1,838.9
Participations and residuals
407.6
409.3
Film related obligations
538.5
365.1
Other liabilities
408.0
417.1
Deferred revenue
132.3
169.1
Deferred tax liabilities
20.2
12.9
Liabilities of discontinued operations - noncurrent
—
401.4
Total liabilities
6,164.0
7,081.1
Redeemable noncontrolling interests
114.9
93.7
EQUITY (DEFICIT)
Common shares, no par value, unlimited shares authorized, 285.8 shares issued (March 31, 2025 - nil)
2,405.1
—
Old Lionsgate Class A voting common shares, no par value (March 31, 2025 - 83.7 shares issued)
—
674.7
Old Lionsgate Class B non-voting common shares, no par value (March 31, 2025 - 156.8 shares issued)
—
2,522.1
Accumulated deficit
(3,643.1)
(3,534.1)
Accumulated other comprehensive income
90.1
72.6
Total Lionsgate Studios Corp. shareholders' equity (deficit)
(1,147.9)
(264.7)
Noncontrolling interests
29.9
(88.0)
Total equity (deficit)
(1,118.0)
(352.7)
Total liabilities, redeemable noncontrolling interests and equity (deficit)
$ 5,160.9
$ 6,822.1
LIONSGATE STUDIOS CORP.
CONSOLIDATED STATEMENTS OF OPERATIONS
Three Months Ended
June 30,
2025
2024
(Unaudited, amounts in millions, except per share amounts)
Revenues
$ 525.9
$ 486.9
Expenses
Direct operating
339.0
287.9
Distribution and marketing
118.1
93.3
General and administration
70.2
95.9
Depreciation and amortization
4.4
4.6
Restructuring and other
4.8
27.7
Total expenses
536.5
509.4
Operating loss
(10.6)
(22.5)
Interest expense
(68.7)
(63.5)
Interest and other income
4.4
5.0
Other losses, net
(17.0)
(1.4)
Loss on extinguishment of debt
(1.0)
(3.7)
Gain on investments, net
8.8
—
Equity interests income (loss)
(1.2)
0.9
Loss from continuing operations before income taxes
(85.3)
(85.2)
Income tax provision
(6.4)
(5.6)
Net loss from continuing operations
(91.7)
(90.8)
Net income (loss) from discontinued operations, net of income taxes
(14.9)
27.7
Net loss
(106.6)
(63.1)
Less: Net income (loss) from continuing operations attributable to noncontrolling interests
(2.3)
3.7
Net loss attributable to Lionsgate Studios Corp. shareholders
$ (108.9)
$ (59.4)
Amounts attributable to Lionsgate Studios Corp. shareholders:
Net loss from continuing operations
$ (94.0)
$ (87.1)
Net income (loss) from discontinued operations, net of tax
(14.9)
27.7
Net loss attributable to Lionsgate Studios Corp. shareholders
$ (108.9)
$ (59.4)
Per share information attributable to Lionsgate Studios Corp. shareholders:
Basic net loss per common share - continuing operations
$ (0.35)
$ (0.36)
Basic net income (loss) per common share - discontinued operations
(0.05)
0.11
Basic net loss per common share
$ (0.40)
$ (0.24)
Diluted net loss per common share - continuing operations
$ (0.35)
$ (0.36)
Diluted net income (loss) per common share - discontinued operations
(0.05)
0.11
Diluted net loss per common share
$ (0.40)
$ (0.24)
Weighted average number of common shares outstanding:
Basic
272.3
245.6
Diluted
272.3
245.6
LIONSGATE STUDIOS CORP.
CONSOLIDATED STATEMENTS OF CASH FLOWS
Three Months Ended
June 30,
2025
2024
(Unaudited, amounts in millions)
Operating Activities:
Net loss
$ (106.6)
$ (63.1)
Less: Net income (loss) from discontinued operations, net of tax
(14.9)
27.7
Net loss from continuing operations, net of tax
(91.7)
(90.8)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization
4.4
4.6
Amortization of films and television programs
