Lionsgate Shrinks Quarterly Loss After Starz Spin-Off
The Hollywood studio has reported its latest quarterly results as a newly independent film and television company following the separation from its Starz streaming platform.
For the second quarter of fiscal 2026, Lionsgate recorded a significant drop in overall film and TV revenues but managed to reduce its net loss. Under the leadership of CEO Jon Feltheimer, the studio reported a net loss of $113.5 million, down from $163.3 million a year earlier, reflecting progress after the Starz spin-off.
Investors reacted in after-market trading by sending the stock down by 36 cents, or 5 percent, to $6.67.
Total studio revenue declined to $475.1 million, compared to $604 million in the same period last year. The company posted an earnings-per-share loss of 39 cents, narrowing from a 68-cent loss a year ago. Adjusted OIBDA reached $14.1 million.
The new Lionsgate Studios entity consists of the Motion Picture Group and Television Studio businesses, supported by a library of about 20,000 film and television titles.
Meanwhile, Starz continues to operate as a separate publicly traded company and reports its own financial performance independently.
The studios division, combining both film and TV production, saw Motion Picture segment revenue decrease to $276.4 million from $409.4 million in the prior year.
Author’s Summary
Lionsgate narrowed its loss after spinning off Starz, but overall film and TV revenues fell sharply amid market adjustments and investor caution.