Lionsgate Shrinks Quarterly Loss After Starz Spin Off

Lionsgate Shrinks Quarterly Loss After Starz Spin-Off

Lionsgate has released its first quarterly report as an independent film and television studio, following the separation from its Starz streaming platform. The results show a narrower loss for the second quarter of fiscal 2026, though revenue declined year-over-year.

Financial Performance

Net loss attributable to shareholders: $113.5 million, down from $163.3 million a year earlier.
Revenue: $475.1 million, compared to $604 million in the same period last year.
Earnings per share: a loss of 39 cents, versus a 68-cent loss previously.
Adjusted OIBDA: $14.1 million.

Investors responded cautiously, sending the studio’s stock down by 36 cents, or about 5 percent, to close at $6.67 in after-hours trading.

Studio Structure and Operations

The newly independent Lionsgate Studios consists of the Motion Picture Group and Television Studio, along with a library of around 20,000 film and TV titles.

Starz now operates separately as a publicly traded company and reports its own financial results.

Segment Breakdown

The studios division, combining film and TV production, experienced a significant decline in the Motion Picture segment’s revenue.

“Motion Picture segment revenue fell to $276.4 million, compared to $409.4 million in the year-ago period.”

Leadership and Market Outlook

Under CEO Jon Feltheimer, Lionsgate aims to stabilize its studios business and leverage its extensive content library to drive future growth.

Author’s summary: Lionsgate reduced its quarterly loss after spinning off Starz, but its film and television revenues dropped, reflecting a challenging start as an independent studio.

The Hollywood Reporter — 2025-11-07