Lionsgate Reports Reduced Quarterly Loss After Starz Separation
Lionsgate, now operating independently from its former Starz streaming platform, released its financial results for the second quarter of fiscal 2026, showing a notably smaller loss and lower revenues.
Financial Performance Overview
The studio, under CEO Jon Feltheimer, reported a net loss attributable to shareholders of $113.5 million, improved from last year's $163.3 million loss. Despite this improvement, investors reacted negatively, with Lionsgate's stock dropping 5% in after-market trading to $6.67 per share.
Revenue and Earnings Details
- Overall studio revenue dropped to $475.1 million from $604 million a year prior.
- Earnings per share loss narrowed to 39 cents from 68 cents in the previous year.
- Adjusted OIBDA was reported at $14.1 million.
Business Structure and Segment Performance
The current Lionsgate Studios business includes the Motion Picture Group, Television Studio, and a film and TV library containing approximately 20,000 titles. Meanwhile, Starz functions as a separate publicly traded company, reporting its own results independently.
The studio’s Motion Picture segment revenue declined to $276.4 million from $409.4 million in the prior-year quarter, highlighting ongoing challenges in film production revenues.
"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."
Despite revenue declines, Lionsgate's reduced losses indicate a leaner, more focused operation post-Starz spin-off.
Author's summary: After spinning off Starz, Lionsgate posted a smaller loss and lower revenue in Q2 fiscal 2026, reflecting a leaner studio business with ongoing challenges in motion picture earnings.
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