Lionsgate Shrinks Quarterly Loss After Starz Spin Off

The Hollywood major released its latest financial results as a standalone film and TV studios company after separating from its Starz streaming platform. Newly independent Lionsgate posted sharply lower revenues but a smaller loss for the second quarter of fiscal 2026.

Financial Performance Highlights

Net loss attributable to shareholders was $113.5 million, an improvement from a $163.3 million loss a year earlier after the Starz spin-off.
Revenue from the overall studio business fell to $475.1 million, down from $604 million in the previous year.
Earnings per share loss improved to 39 cents compared to 68 cents a year ago.
Adjusted OIBDA (operating income before depreciation and amortization) stood at $14.1 million.

Studio Business Structure and Revenue Breakdown

Lionsgate Studios now encompasses the Motion Picture Group, Television Studio business, and a film and TV library totaling 20,000 titles. The Motion Picture segment revenue declined to $276.4 million from $409.4 million a year earlier.

Investors reacted to the earnings by driving the studio's stock down by 36 cents, or 5%, to $6.67 in after-market trading.

Starz, now a separate publicly traded company, reports its own financial results independently.

Summary

Lionsgate's spin-off of Starz has resulted in lower overall revenues but significantly reduced losses, reflecting adaptation as a focused film and TV production entity.

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The Hollywood Reporter — 2025-11-07