Lionsgate Reports Smaller Quarterly Loss After Starz Spin-Off
Lionsgate presented its latest financial results as an independent film and TV studio company following the separation from its Starz streaming platform. For the second quarter of fiscal 2026, the studio showed significantly reduced revenues in its film and television operations alongside a smaller net loss.
Financial Highlights
- Net loss attributable to shareholders was $113.5 million, improving from a $163.3 million loss a year earlier.
- After-market trading saw Lionsgate's stock drop by 5 percent, down 36 cents to $6.67 per share.
- Total studio business revenue declined to $475.1 million from $604 million the previous year.
- Earnings per share loss narrowed to 39 cents, compared to a 68 cents loss a year ago.
- Adjusted Operating Income Before Depreciation and Amortization (OIBDA) reached $14.1 million.
Business Structure and Performance
The newly independent Lionsgate Studios includes the Motion Picture Group and Television Studio divisions, supported by a film and TV library of about 20,000 titles. The separated Starz streaming service reports its financials independently.
The studio's combined Motion Picture and TV production segments experienced a decline in revenue, with the Motion Picture segment dropping to $276.4 million from $409.4 million in the same quarter of the previous year.
"After spinning off its Starz streaming platform, Lionsgate posted a net loss attributable to shareholders at $113.5 million, compared to a year-earlier $163.3 million loss."
CEO Jon Feltheimer leads the company through its new phase as a standalone film and television studio business.
Author's summary: Lionsgate's financial update reveals a reduced loss and lower revenue following the Starz spin-off, marking a transitional period for the newly independent studio.
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