Lionsgate Reports Smaller Quarterly Loss After Starz Spin-Off
Lionsgate revealed its latest financial results as an independent film and TV studios company following its separation from the Starz streaming platform. On Thursday, Lionsgate posted significantly lower revenues in its film and TV businesses and reduced losses for the second quarter of fiscal 2026.
Led by CEO Jon Feltheimer, the Hollywood studio reported a net loss attributable to shareholders of $113.5 million, an improvement from the $163.3 million loss reported the previous year after the Starz spin-off. Despite this, the company’s stock fell 5 percent in after-market trading, down 36 cents to $6.67.
Financial Highlights
- Total studio business revenue decreased to $475.1 million from $604 million a year earlier.
- Earnings per share loss improved to 39 cents from 68 cents the prior year.
- Adjusted OIBDA stood at $14.1 million.
Studio Business Composition
The newly independent Lionsgate Studios includes the Motion Picture Group, Television Studio business, and a film and TV library of approximately 20,000 titles. Starz operates separately as a publicly-traded company and reports its own financial results.
Segment Performance
The combined studios business, comprising Motion Picture and TV production segments, experienced a decline in Motion Picture segment revenue to $276.4 million from $409.4 million in the same period last year.
"Overall studio business revenue fell to $475.1 million, compared to a year-earlier $604 million."
"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."
Author's summary: Lionsgate, now operating independently from Starz, narrowed its second-quarter losses and revenue declined, reflecting challenges in its film and TV production segments.