LION · Lionsgate Studios Corp.

Lionsgate Studios Corp. delivered a strong fourth quarter for fiscal 2026, with revenue of $906.5 million and operating income of $117.5 million, representing a 52% year-over-year increase. The results were primarily driven by the Motion Picture segment, which saw revenue grow 23% to $651.9 million and segment profit surge 39% to $187.1 million. This performance was fueled by the theatrical and ancillary success of 'The Housemaid,' which grossed nearly $400 million at the worldwide box office and became a record-breaking PVOD performer, alongside the ancillary performance of 'Now You See Me: Now You Don't' and robust library sales. The Television Production segment experienced a decline, with revenue of $254.6 million and segment profit of $30.5 million, attributed to the timing of episodic deliveries. However, management provided a positive outlook, anticipating a doubling of scripted deliveries in fiscal 2027 relative to fiscal 2026. A key highlight was the company's library, with trailing 12-month revenue reaching $1 billion for the third consecutive quarter, a 5% increase from the prior-year period. On a non-GAAP basis, Adjusted OIBDA reached $165.4 million, the highest quarterly level in 12 years, and Adjusted Free Cash Flow was $190.4 million. CEO Jon Feltheimer emphasized that the company's business components are aligning, citing the billion-dollar library revenue, a slate increasingly comprised of branded properties, and the brand-strengthening impact of recent hits. He stated the company is positioned to deliver earnings power and value creation in fiscal 2027. The balance sheet showed a healthy cash position of $341.5 million as of March 31, 2026, against total debt of $1,940.2 million. The quarter's results underscore the significant earnings power of Lionsgate's content library and film slate, even as the television production segment navigates delivery timing.