Key Financial Data
- Fiscal Q3 Revenue: $724.3 million (+15.3% year-over)
- Fiscal Q3 Motion picture revenue: $421.2 million (+35.3%)
- Fiscal Q3 Television production revenue: $303.1 million (-25.1%)
- Fiscal Q3 Operating income: $356 million (+30%)
- Fiscal Q3 Net loss: $46.2 million
- Distribution & marketing expenses: $153.2 million (+91%)
- General & administrative expenses: $94.1 million (+9.8%)
- Restructuring & other costs: $9.3 million (-71.4%)
- Note: Lionsgate fiscal Q3 2026 coincides with calendar Q4 2025
- Read more media earnings coverage
Lionsgate posted higher film and television studio revenue but a wider loss for its fiscal third quarter (Q3) as the company continues operating as a standalone studio following the 2025 spinoff of its Starz streaming business.
For the quarter ended December 31, 2025, Lionsgate reported a net loss attributable to shareholders of $46.2 million, compared with a $21.9 million loss in the year-earlier period. Revenue increased 15.3 percent to $724.3 million from $628.2 million, topping Wall Street expectations of $705.9 million.
The company posted a loss of 16 cents per share, compared with a loss of 9 cents per share a year earlier. Adjusted diluted net income was 1 cent per share. Adjusted OIBDA declined to $85.3 million from $115.2 million, reflecting higher marketing and promotional spending tied to holiday film releases. Trailing 12-month library revenue grew 10 percent to $1.05 billion.
Lionsgate’s motion picture segment led the revenue growth, with revenue rising 35 percent year over year to $421.2 million. The increase was driven by theatrical releases including “The Housemaid” and “Now You See Me: Now You Don’t,” which executives described as mid-budget hits. Segment profit, however, fell to $58.5 million from $82.7 million due to elevated marketing costs. The studio said much of “The Housemaid’s” box office contribution will be recognized in the fourth quarter and into fiscal 2027 because the film opened late in the reporting period. A sequel, “The Housemaid’s Secret,” is expected to begin production later this year.
Television production revenue declined 25 percent to $303.1 million from $404.6 million, largely due to the timing of episodic deliveries. Segment profit dipped slightly to $55.7 million from $60.9 million. The company said the impact was partially offset by strong library licensing revenue from series including “The Studio” for Apple TV and “The Hunting Wives” for Netflix. Lionsgate said 12 of its 13 current scripted series have been renewed, with episodic deliveries expected to roughly double in fiscal 2027.
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On a conference call with investors on Thursday, Lionsgate CEO Jon Feltheimer said industry consolidation was a potential tailwind based on increased demand for films from competitors like Paramount and Warner Bros Discovery (WBD).
“Our film and television pipelines are strong, our library continues to grow, and we’re replenishing it with valuable new franchises and brand-defining television series,” Feltheimer said. “We’re a leading global content company at a time when content is king, critical to AI, essential to our partners and the subject of every conversation around M&A and industry consolidation.”
