Lionsgate Reports Smaller Quarterly Loss After Starz Spin-Off
Lionsgate released its financial results as an independent film and TV studio company following its separation from the Starz streaming platform. For the second quarter of fiscal 2026, the studio posted a significantly reduced loss and lower revenue in its core film and television businesses.
Financial Highlights
- Net loss attributable to shareholders was $113.5 million, down from $163.3 million a year earlier.
- Studio revenue decreased to $475.1 million from $604 million the previous year.
- Earnings per share loss improved to 39 cents compared to 68 cents last year.
- Adjusted OIBDA (Operating Income Before Depreciation and Amortization) reached $14.1 million.
Business Segments
The Lionsgate Studios unit includes the Motion Picture Group and Television Studio divisions, supported by a library of approximately 20,000 film and TV titles. This segment experienced a revenue decline:
- Motion Picture segment revenue fell to $276.4 million, compared to $409.4 million in the same period last year.
Market Reaction
Following the earnings release, Lionsgate's stock dropped by 5 percent in after-hours trading, falling 36 cents to $6.67.
Starz, now a separate publicly traded entity, reports its financial results independently.
“The newly-launched Lionsgate Studios business comprises Lionsgate’s Motion Picture Group and Television Studio businesses along with a 20,000-strong film and TV library.”
CEO Jon Feltheimer leads the standalone studio business through this transition.
Author's summary: Lionsgate’s post-Starz spin-off results show a smaller quarterly loss amid falling revenues, reflecting a streamlined focus on film and television production.