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Earnings analysis · 10-K

LION earnings analysis

Filed May 27, 2026 · Our reading of the company's report

The latest report

Lionsgate Studios Corp. reported revenue of $2.63 billion for fiscal 2026, a slight increase over the previous year, with a significant drop in the Television Production segment offset by growth in Motion Pictures. The…

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Lionsgate Studios Corp. reported revenue of $2.63 billion for fiscal 2026, a slight increase over the previous year, with a significant drop in the Television Production segment offset by growth in Motion Pictures. The company incurred a net loss of $198.3 million, an improvement from $362 million in the prior year, benefiting from a reduction in restructuring costs. A notable aspect is the $1.98 billion in corporate debt, which includes a sizable amount from ongoing film production obligations.

Read the original on SEC.gov

From revenue to operating profit

Where each $100 of revenue went in this report.

Of every $100 of revenue Cost of sales $60 Operating expenses $36 Left as operating profit $4

Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.

Reported figures

Earnings per share
$-0.7
Segment
Motion Picture
Segment
Television Production

What stood out

  • Revenue Growth Overall

    Lionsgate's consolidated revenue increased to $2.63 billion in FY2026 from $2.58 billion in FY2025.

  • Motion Picture Segment Increased

    Revenue for the Motion Picture segment rose to $1.62 billion, up from $1.60 billion in the prior year.

  • Reduction in Net Loss

    Net loss decreased to $198.3 million in FY2026 from $362 million in FY2025.

  • Strong Free Cash Flow

    Free cash flow was notably positive, contributing to liquidity amid high investment in film and television.

  • Reduced Operating Expenses

    Total operating expenses decreased by $68.1 million, leading to improved operating income.

  • Potential for Shareholder Value

    The company noted capacity for paying dividends post-Starz separation, despite having significant accumulated losses.

What to watch

  • High Debt Levels

    Lionsgate's corporate debt stands at $1.98 billion, which could limit financial flexibility and increase vulnerability to market conditions.

  • Significant Impairment Risks

    With $685.7 million in unreleased films, impairment risk remains high if box office performance does not meet expectations.

  • Fluctuations in Revenue Due to Strike Activity

    The content production is vulnerable to labor strikes, which could disrupt operations and financial results.

Management's outlook

Future cash flow from operations is expected to support ongoing production despite current accumulated losses.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.