Lionsgate Studios
Produces and licenses films, television programming and library rights across global distribution windows.
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Profile
Develops and distributes films and television programming, earning from theatrical releases, home entertainment, platform and territory licensing, and 3 Arts talent-management commissions. Motion Picture and Television Production operations share a deep content library after the separation from Starz.
Develops, produces, acquires and distributes feature films through the Motion Picture segment, earning from theatrical exhibition, home entertainment, television licensing, international rights and ancillary uses. The Television Production segment creates and distributes scripted, unscripted and non-fiction programming and includes 3 Arts Entertainment, which earns talent-management commissions and producer fees.
Pairs new releases with a film-and-television library of more than 20,000 titles, extending content across streaming, broadcast, cable, packaged media and location-based or interactive experiences. International film rights are generally licensed territory by territory, while selected markets use direct distribution.
Production incentives, co-financing and pre-licensing help limit project exposure, but cash is committed before release and results depend on content acceptance, delivery timing and distribution windows. The post-separation studio continues to license some original productions to Starz.
Company facts
Key statistics
Year to date +22.7% · Average volume (30d) 2.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 7, 2026 | Seaport Global | Reiterate | Buy | $16 | $17 | |
| Aug 6, 2026 | Morgan Stanley | Reiterate | Overweight | $11 | $15 | |
| Jun 30, 2026 | B. Riley | Initiate | Neutral | |||
| Jun 17, 2026 | Robert W. Baird | Target | $16 | $20 | ||
| May 26, 2026 | Barrington | Target | $8.50 | $17 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.01 | $0.06 | +541.0% | $693.1M | $776.6M | +12.0% | +0.31% |
| May 21, 2026Q1 FY26 | $0.24 | $0.29 | +20.8% | $811.7M | $906.5M | +11.7% | +15.80% |
| Feb 5, 2026Q4 FY25 | $0.02 | $0.01 | −50.0% | $811.8M | $724.3M | −10.8% | +2.49% |
| Nov 6, 2025Q3 FY25 | −$0.14 | −$0.20 | −42.9% | $541.0M | $475.1M | −12.2% | −2.28% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.07B | $525.9M | $475.1M | $724.3M | $906.5M | $776.6M | |
| Gross profit | $300.6M | $186.9M | $174.8M | $297.0M | $388.7M | $279.6M | |
| Operating income | $94.1M | −$10.6M | −$46.0M | $45.3M | $128.7M | $25.6M | |
| Net income | $21.9M | −$108.9M | −$113.5M | −$46.2M | $70.2M | −$28.8M | |
| Diluted EPS | $0.10 | −$0.40 | −$0.39 | −$0.16 | $0.23 | −$0.10 | |
| Gross margin | 28.1% | 35.5% | 36.8% | 41.0% | 42.9% | 36.0% | |
| Operating margin | 8.8% | -2.0% | -9.7% | 6.3% | 14.2% | 3.3% |
Fiscal years (4-quarter sums)FY18 −$40.1M · FY22 $2.26B · FY23 $2.93B · FY24 $3.20B · FY25 $2.80B
Revenue by product · Q2 FY26
Revenue by geography · Q1 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $425.8M · Total debt $3.94B · Total assets $5.33B · Shareholders' equity −$1.20B
Dividends
No dividends on record.
Ownership
Shares outstanding 297.49M · Float 35.37M · 11.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| MHR Fund Management LLC | 37.65M | 12.66% | 13F | Aug 14, 2026 |
| Liberty 77 Capital L.P. | 37.55M | 12.62% | 13F | Aug 14, 2026 |
| Jericho Capital Asset Management L.P. | 18.82M | 6.32% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 16.43M | 5.52% | 13F | Aug 7, 2026 |
| FMR LLC | 10.35M | 3.48% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 8, 2026 | Mark H. Md Rachesky | director, 10 percent owner: | −37,429,059 | |
| Jul 8, 2026 | Mark H. Md Rachesky | director, 10 percent owner: | +42,600,497 | |
| Dec 22, 2025 | Jon Feltheimer | director, officer: Chief Executive Officer | −195,000 | $8.28 |
| Dec 23, 2025 | Michael Raymond Burns | officer: Vice Chair | −21,748 | $9.01 |
| Dec 18, 2025 | Brian Goldsmith | officer: Chief Operating Officer | −25,000 | $8.54 |
Peers
- Warner Bros. Discovery
Major studio rival in films, TV production, and library licensing
- Paramount Skydance
Studio and TV peer across Paramount, Skydance, and CBS content
- Walt Disney
Scale leader in global film, episodic content, and licensing
- Comcast
NBCUniversal studio peer in film, TV, and licensing windows
- Sony (ADR)
Sony Pictures overlaps in film, TV production, and content deals
- Netflix
Competes for originals, licensed content, talent, and viewing time
- Amazon
Amazon MGM and Prime Video overlap in content production
- Fox Class A
TV and AVOD content peer with limited film overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Lionsgate Studios | $11.40 | −0.09% | $3.39B | — | 31.8 | 1.2 | +47.7% |
| Warner Bros. Discovery | $28.79 | +0.05% | $72.13B | — | — | 2.0 | −11.2% |
| Paramount Skydance | $10.88 | +0.09% | $11.83B | — | 13.7 | 0.4 | +0.9% |
| Walt Disney | $108.09 | −0.01% | $187.72B | 22.3 | 14.6 | 1.9 | +7.1% |
| Comcast | $27.08 | +0.09% | $96.03B | 8.8 | 7.7 | 0.8 | −1.2% |
| Sony (ADR) | $24.71 | −0.56% | $145.93B | — | 28.9 | 1.8 | −1.6% |
| Netflix | $81.62 | −0.12% | $340.28B | 25.7 | 23.6 | 7.0 | +13.4% |
| Amazon | $266.10 | −0.11% | $2.87T | 21.4 | 28.5 | 3.7 | +19.6% |
| Fox Class A | $68.42 | −0.01% | $30.00B | 17.8 | 11.6 | 1.6 | +28.1% |
| Median | 21.4 | 14.6 | 1.9 | +4.0% |