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olivLaw · US equity research

Lionsgate Studios Corp. LION

Services-Motion Picture & Video Tape Production · SIC 7812 · Vertical: Services-Motion Picture & Video Tape Production (SIC 7812)

12.72USD+2.17% · 1 dayClose 04 Nov 2026

Lionsgate Studios Corp. (LION) is a standalone independent film and television studio with a library of over 20000 titles and a large share of revenue from motion picture production and theatrical distribution. In the first quarter of fiscal 2027 revenue rose 48% year-over-year to 776.6 million USD, and results remain closely tied to the performance of a few releases, which makes concentration risk relevant.

At the close of 04 Nov 2026, Lionsgate Studios Corp. (LION) stock was 12.72 USD (+2.17% on the day), with market capitalisation 3.8 bn USD, beta 0.81, 52-week range 6.64–16.40 USD. Latest reported quarter (Q1 2027): revenue of 776.6 m USD (+47.7% YoY), net income of -28.8 m USD, diluted EPS -0.10 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
3.8 bn USD
shares as of 03 Aug 2026
P/E (TTM)
unavailable
Diluted EPS TTM -0.41 · TTM to 30 Jun 2026
E/P (TTM)
-3.21%
TTM to 30 Jun 2026
Dividend yield
unavailable
Beta (2y)
0.81
Volatility (1y) 49%
52-week range
6.6416.40

Price history

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Technical reading

RSI (14)
61.5
strong (55–70)
Bollinger (20, 2)
10.35 – 13.35
in the upper half of the band · %B 0.79 · band width 25.3%
SMA 50 / 200
11.47 / 11.68
mixed trend
MACD (12, 26, 9)
0.33 / 0.26
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month+13.9%−1.1%+15.0 pp—
3 months−2.0%−0.5%−1.6 pp—
6 months−0.3%+4.4%−4.7 pp—
Year to date+39.3%+12.3%+27.0 pp—
1 year+100.0%+13.5%+86.5 pp−44.7%
3 years+21.1%+76.4%−55.3 pp−68.3%
5 yearsunavailable+63.7%unavailable—
Max drawdown (1y)
−35.2%
26 Jun 2026 → 19 Oct 2026
Max drawdown (5y)
−55.4%
08 May 2024 → 07 Jul 2025
Compound annual growth (5y)
unavailable
S&P 500 +10.4%

Price returns, dividends excluded.

Quarterly results

Latest quarter: Q1 2027 · 30 Jun 2026

Revenue
776.6 m USD
+47.7% YoY
Net income
-28.8 m USD
unavailable YoY
Diluted EPS
-0.10
unavailable YoY
net / operating
-3.7% / 3.3%

Quarterly margins

Quarterly statements · USD

Fiscal yearQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Revenue604.0 m628.2 m865.6 m525.9 m475.1 m724.3 m906.5 m776.6 m
Operating income-100.7 m27.7 m77.5 m-10.6 m-46.0 m36.0 m117.6 m25.6 m
Depreciation & amortisation4.2 m4.4 m4.6 m4.4 m4.4 m4.4 m4.4 m4.4 m
Interest expense67.9 m63.7 m66.6 m68.7 m67.3 m65.0 m58.8 m56.9 m
Pre-tax income-179.7 m-15.4 m3.1 m-85.3 m-109.8 m-37.7 m73.4 m-21.5 m
Income tax3.9 m4.3 m3.4 m6.4 m1.8 m6.7 m1.3 m7.8 m
Net income-163.3 m-21.9 m-117.3 m-108.9 m-113.5 m-46.2 m70.2 m-28.8 m
Diluted EPS-0.66-0.09-0.47 ≈-0.40-0.39-0.160.24 ≈-0.10
Operating cash flow-82.0 m ≈-118.8 m ≈193.7 m-31.0 m-104.0 m ≈-108.9 m ≈268.7 m54.1 m
Capex4.5 m ≈1.3 m ≈3.6 m3.5 m3.2 m ≈3.0 m ≈3.7 m2.9 m

≈ derived quarter (cumulative difference / share-days average)

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Fiscal years

Fiscal year202120222023202420252026
Revenueunavailableunavailable3.1 bn2.5 bn2.6 bn2.6 bn
Revenue YoYunavailableunavailableunavailable−20.5%+5.5%+1.8%
Net income-18.9 m-188.2 m-2.0 bn-1.1 bn-362.0 m-198.3 m
Net income YoYunavailableunavailableunavailableunavailableunavailableunavailable
Diluted EPSunavailableunavailable0.00-4.58-1.43-0.70
Diluted EPS YoYunavailableunavailableunavailableunavailableunavailableunavailable
net %unavailableunavailable-65.2%-45.0%-14.0%-7.5%
Free cash flowunavailableunavailable339.6 m386.9 m-179.5 m11.4 m

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2026 · 31 Mar 2026

Cash
341.5 m USD
Financial debt
1.9 bn USD
Net debt
1.6 bn USD
Equity
-1.2 bn USD
Total assets
5.3 bn USD
Debt / equity
unavailable
Current ratio
0.49x
ROE
unavailable
ROA
-3.3%
FCF margin
0.4%

Financial statements (source on every figure)

Revenue and net income (USD)

Margins

Income statement · USD

Revenue
2024
2.5 bn
2025
2.6 bn
2026
2.6 bn

SEC (XBRL)· 27 May 2026verified

Operating income
2024
-14.5 m
2025
-18.1 m
2026
97.1 m

SEC (XBRL)· 27 May 2026verified

Depreciation & amortisation
2024
15.6 m
2025
17.8 m
2026
17.6 m

SEC (XBRL)· 27 May 2026verified

EBITDA
2024
1.1 m ≈
2025
-300.0 k ≈
2026
114.7 m ≈

SEC (XBRL)· 27 May 2026derived

Interest expense
2024
246.6 m
2025
261.7 m
2026
259.7 m

SEC (XBRL)· 27 May 2026verified

Pre-tax income
2024
-239.5 m
2025
-277.3 m
2026
-159.3 m

SEC (XBRL)· 27 May 2026verified

Income tax
2024
21.7 m
2025
17.2 m
2026
16.2 m

SEC (XBRL)· 27 May 2026verified

Net income
2024
-1.1 bn
2025
-362.0 m
2026
-198.3 m

SEC (XBRL)· 27 May 2026verified

Diluted EPS
2024
-4.58
2025
-1.43
2026
-0.70

SEC (XBRL)· 27 May 2026verified

Weighted average diluted shares
2024
243.6 m
2025
248.9 m
2026
285.4 m

SEC (XBRL)· 27 May 2026verified

Balance sheet · USD

Cash
2024
277.0 m
2025
212.5 m
2026
341.5 m

SEC (XBRL)· 27 May 2026verified

Receivables
2024
688.6 m
2025
585.6 m
2026
784.8 m

SEC (XBRL)· 27 May 2026verified

Current assets
2024
1.4 bn
2025
1.2 bn
2026
1.5 bn

SEC (XBRL)· 27 May 2026verified

Goodwill
2024
811.2 m
2025
808.5 m
2026
846.8 m

SEC (XBRL)· 27 May 2026verified

Intangibles (excl. goodwill)
2024
25.7 m
2025
20.8 m
2026
25.8 m

SEC (XBRL)· 27 May 2026verified

Total assets
2024
5.1 bn
2025
6.8 bn
2026
5.3 bn

SEC (XBRL)· 27 May 2026verified

Accounts payable
2024
246.7 m
2025
256.5 m
2026
213.4 m

SEC (XBRL)· 27 May 2026verified

Short-term debt
2024
860.3 m
2025
134.0 m
2026
162.1 m

SEC (XBRL)· 27 May 2026verified

Long-term debt
2024
923.0 m
2025
1.8 bn
2026
1.8 bn

SEC (XBRL)· 27 May 2026verified

Current liabilities
2024
3.6 bn
2025
3.5 bn
2026
3.0 bn

SEC (XBRL)· 27 May 2026verified

Total liabilities
2024
6.1 bn
2025
7.1 bn
2026
6.4 bn

SEC (XBRL)· 27 May 2026verified

Equity
2024
-310.5 m
2025
-352.7 m
2026
-1.2 bn

SEC (XBRL)· 27 May 2026verified

Cash flow · USD

Operating cash flow
2024
396.8 m
2025
-166.0 m
2026
24.8 m

SEC (XBRL)· 27 May 2026verified

Capex
2024
9.9 m
2025
13.5 m
2026
13.4 m

SEC (XBRL)· 27 May 2026verified

Free cash flow
2024
386.9 m ≈
2025
-179.5 m ≈
2026
11.4 m ≈

SEC (XBRL)· 27 May 2026derived

Investing cash flow
2024
-376.8 m
2025
-53.0 m
2026
-8.7 m

SEC (XBRL)· 27 May 2026verified

Financing cash flow
2024
39.6 m
2025
144.2 m
2026
110.8 m

SEC (XBRL)· 27 May 2026verified

Computed indicators

Growth

Revenue growth (YoY)
1.8%
computed by olivLawFY 2026
Revenue CAGR 3Y
-5.1%
computed by olivLawFY 2023 → FY 2026
Revenue CAGR 5Y
unavailable
input data missing
EBIT growth (YoY)
unavailable
the base of the ratio is not positive
Net income growth (YoY)
unavailable
the base of the ratio is not positive
Net income CAGR 3Y
unavailable
the base of the ratio is not positive
Net income CAGR 5Y
unavailable
the base of the ratio is not positive
EPS growth (YoY)
unavailable
the base of the ratio is not positive
EPS CAGR 3Y
unavailable
the base of the ratio is not positive
EPS CAGR 5Y
unavailable
input data missing
FCF growth (YoY)
unavailable
the base of the ratio is not positive

Profitability

Gross margin
unavailable
input data missing
EBITDA margin
5.2%
computed by olivLawTTM to 30 Jun 2026
EBIT margin
4.6%
computed by olivLawTTM to 30 Jun 2026
Net margin
-4.1%
computed by olivLawTTM to 30 Jun 2026
FCF margin
3.4%
computed by olivLawTTM to 30 Jun 2026

Returns

ROE
unavailable
equity is negative: the ratio is not economically meaningful (not by itself insolvency; usually the result of buybacks)
ROA
-2.3%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROIC
unavailable
equity is negative: buybacks shrink the invested capital and ROIC would come out large without meaning anything
ROCE
6.6%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
1.5 bn USD
computed by olivLawbalance sheet at 30 Jun 2026
Net debt / EBITDA
9.8x
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Debt / equity
unavailable
equity is negative: the ratio is not economically meaningful (not by itself insolvency; usually the result of buybacks)
Interest coverage
0.5x
computed by olivLawTTM to 30 Jun 2026

Liquidity

Current ratio
0.4x
computed by olivLawbalance sheet at 30 Jun 2026
Quick ratio
unavailable
input data missing
Cash ratio
0.1x
computed by olivLawbalance sheet at 30 Jun 2026

Cash

Operating cash flow
109.9 m USD
computed by olivLawTTM to 30 Jun 2026
Capital expenditure
12.8 m USD
computed by olivLawTTM to 30 Jun 2026
Free cash flow
97.1 m USD
computed by olivLawTTM to 30 Jun 2026
FCF conversion
unavailable
insufficient data
Cash conversion
72.9%
computed by olivLawTTM to 30 Jun 2026

Efficiency

Days sales outstanding
95 days
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Days inventory outstanding
unavailable
input data missing
Days payables outstanding
unavailable
input data missing
Cash conversion cycle
unavailable
input data missing

Market and valuation

Market capitalisation
3.8 bn USD
computed by olivLawbalance sheet at 30 Jun 2026
Enterprise value
5.3 bn USD
computed by olivLawbalance sheet at 30 Jun 2026
Market cap / net income TTM
unavailable
insufficient data
P/E (TTM)
unavailable
insufficient data
Earnings yield
-3.2%
computed by olivLawTTM to 30 Jun 2026
P/B
unavailable
equity is negative: the ratio is not economically meaningful (not by itself insolvency; usually the result of buybacks)
P/S
1.3x
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
EV/EBITDA
34.9x
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
EV/EBIT
39.5x
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
EV/Sales
1.8x
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
P/FCF
39.0x
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
FCF yield
2.6%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero
Shareholder yield (distributions)
unavailable
input data missing

1 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • score weight coverage: 54.2% of at least 60%

A scoring methodology on indicators and valuation, not investment advice.

Closing price

12.72 USD

04 Nov 2026Source: olivLaw, closing series

Market cap: 3.8 bn USD

Key indicators

Market capitalisation
3.8 bn USD
computed by olivLawbalance sheet at 30 Jun 2026
P/E (TTM)
unavailable
insufficient data
P/B
unavailable
equity is negative: the ratio is not economically meaningful (not by itself insolvency; usually the result of buybacks)
EV/EBITDA
34.9x
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROE
unavailable
equity is negative: the ratio is not economically meaningful (not by itself insolvency; usually the result of buybacks)
Net margin
-4.1%
computed by olivLawTTM to 30 Jun 2026
Revenue growth (YoY)
1.8%
computed by olivLawFY 2026
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero

Coverage and freshness

27/37 reporting lines present
Latest full fiscal year: 2026
Latest reported period: 30 Jun 2026
Latest balance sheet date: 30 Jun 2026
Share count (cover of the latest filing), as of: 03 Aug 2026
Source: SEC (XBRL)published 06 Aug 2026
verified 310derived 22

Score by group

54% · Insufficient data

Estimated value range

Low
8.08
USD per share
Mid
11.41
USD per share
High
17.29
USD per share
Price: 12.72 USD
The price is within the range
Potential to the central value: -10.3% (value / price − 1)
Margin of safety: -11.5% (1 − price / value)
Agreement between methods: single method · 1 methods used · 1 independent bases

The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 8.08 – 17.29 USD.

Valuation assumptions are editorial choices, not measured; beta is not measured.

Method ranges (USD per share)

— — Mid · ▏ Price

Valuation methods

  • DCF (discounted cash flow)8.08 – 17.29 (Mid 11.41)
    WACC 7.9% · starting FCFF 305.4 m USD · terminal value share of EV 77%
    The WACC × g sensitivity gives the method's bounds; these are not probabilities.
    Reverse DCF: starting growth implied by the price (fading linearly to terminal growth, everything else fixed): -1.8%
  • Peers: EV/EBITDAunavailable · not enough peers
  • Peers: P/Eunavailable · the base of the ratio is not positive
  • Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Multiple comparisons use the SIC vertical: Services-Motion Picture & Video Tape Production (SIC 7812)

Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

Assumptions (illustrative, editorial)

Risk-free rate
4.3%
Equity risk premium
5.0%
Beta (default)
1.00
Cost of equity
9.3%
Terminal growth
2.5%

Factor scorecard

Insufficient data

Minimum-evidence gate: score weight coverage: 54.2% of at least 60%

FactorValueScoreWeight used
ROIC · Qualityunavailableunavailable—
Net margin · Quality-4.1%57 (vs peers)12%
FCF conversion · Qualityunavailableunavailable—
Revenue CAGR 3Y · Growth-5.1%0 (on a fixed band)15%
EPS CAGR 3Y · Growthunavailableunavailable—
Net debt / EBITDA · Balance sheet9.8x0 (on a fixed band)19%
Interest coverage · Balance sheet0.5x0 (on a fixed band)12%
Current ratio · Balance sheet0.4x0 (on a fixed band)8%
P/E (TTM) · Valuationunavailableunavailable—
EV/EBITDA · Valuation34.9x0 (on a fixed band)19%
FCF yield · Valuation2.6%32 (on a fixed band)15%
Shareholder yield (distributions) · Returnsunavailableunavailable—
Payout ratio (FCF) · Returnsunavailableunavailable—

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet0/100 · 3/3 factors with a value
  • Growth· partial0/100 · 1/2 factors with a value
  • Quality· partial57/100 · 1/3 factors with a value
  • Returns· partialunavailable · 0/2 factors with a value
  • Valuation14/100 · 2/3 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

Lionsgate Studios Corp. (LION). Latest full fiscal year: 2026; data up to 2026-06-30.

Figures computed from the financial statements: revenue 2.6 bn USD in 2026; YoY growth 1.8%; net margin -4.1%; net debt/EBITDA 9.8x.

The estimated value range is 8.08–17.29 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 11.41 USD, the price of 12.72 USD leaves a potential of -10.3% (value / price − 1) and a margin of safety of -11.5% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.

Insufficient data for a verdict (score weight coverage: 54.2% of at least 60%).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.

What contradicts it

  • Revenue CAGR 3Y: -5.1%
  • Net debt / EBITDA: 9.8x
  • Interest coverage: 0.5x
  • Current ratio: 0.4x
  • EV/EBITDA: 34.9x

Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, P/E (TTM), Shareholder yield (distributions), Payout ratio (FCF).

Versus the vertical median

Services-Motion Picture & Video Tape Production (SIC 7812) · same industry (4-digit SIC) · compared with 7 companies

Multiples and returns vs the median

P/E
—
vertical median —
EV/EBITDA
34.9x
vertical median —
P/S
1.3x
vertical median 1.3x
at median
P/B
—
vertical median 2.8x
ROE
—
vertical median -7.5%
Net margin
-4.1%
vertical median -32.5%
above median
EBIT margin
4.6%
vertical median -31.5%
above median
Revenue YoY
1.8%
vertical median 20.7%
below median (−91.2%)
Net debt/EBITDA
9.8x
vertical median —
Dividend yield
—
vertical median —

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
LIONLionsgate Studios Corp.3.8 bn——-4.1%+1.8%+100% / +21%
FUBOFuboTV Inc.2.8 bn—-5.8%-0.7%+18.6%−77% / −79%
ANGXAngel Studios, Inc.684.5 m——-37.5%+233.2%−25% / unavailable
STRZStarz Entertainment Corp.438.0 m—-87.9%-32.5%−1.6%+131% / unavailable
CURICuriositystream Inc.157.8 m511.10.1%0.0%+40.1%−45% / +286%
MPUMega Matrix Inc50.4 m—-213.2%-131.4%−27.9%−95% / −94%
TOONKartoon Studios, Inc.32.3 m10.521.7%26.9%+20.7%−30% / −68%
GAIAGaia, Inc——-9.3%-1,090.3%+55.2%−67% / −52%

1- and 3-year price returns: for LION from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

Bear
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Base
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Bull
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Nothing is saved.

Estimated price (USD)

Estimated priceBearBaseBull
1 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
3 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
5 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
What moves the 3-year price the most

    AI analysis

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    In brief

    Lionsgate Studios Corp. (LION) is a standalone independent film and television studio with a library of over 20000 titles and a large share of revenue from motion picture production and theatrical distribution. In the first quarter of fiscal 2027 revenue rose 48% year-over-year to 776.6 million USD 3, and results remain closely tied to the performance of a few releases, which makes concentration risk relevant.

    SWOT

    Strengths

    • A large library of titles and valuable franchises that generate recurring revenue across several distribution windows 13.
    • Strong revenue growth and a record first-quarter segment profit in Motion Picture in the first quarter of fiscal 2027 3.
    • Improved cash flow and leverage, based on cash generated from operations 3.

    Weaknesses

    • Dependence on the performance of a limited number of productions in each period makes results volatile 1.
    • Net losses remain in continuing operations, and general and administrative costs rose 3.
    • Reliance on a few major distributors, with a significant share of home entertainment revenue tied to one partner 1.

    Opportunities

    • Developing franchises through live shows, games and attractions could diversify revenue 13.
    • The planned increase in scripted series deliveries for fiscal 2027 could support Television Production revenue 3.
    • Monetizing the library through new licences to digital platforms and FAST channels 1.

    Threats

    • Competition from large groups with greater resources could limit market share gains 1.
    • Artificial intelligence and free access to content could reduce demand for the company's products 1.
    • Rapid shifts in consumer behaviour can make the success of a production harder to anticipate 1.

    Risks

    • Revenue concentration on a few releaseshigh

      A commercial failure of major productions could affect results for a period and could lead to write-downs of assets 1.

    • Substantial capital requirementshigh

      Production and acquisition of content require large investment, and additional financing might not be available on acceptable terms 1.

    • Dependence on distributorsmedium

      A small number of retailers account for a material part of home entertainment revenue, without long-term agreements 1.

    • Technology and AI changemedium

      New technologies and distribution models could reduce demand or create legal and reputational risks that are hard to foresee 1.

    • Minimum guarantee revenuelow

      Part of revenue depends on minimum guarantees in foreign markets, and weakly received content could generate less revenue than expected 1.

    Investment thesis

    What would need to be true (bull case)

    • If the success seen in the first quarter of fiscal 2027 persists, growth could become more durable, supported by the backlog and the library 3.
    • If debt reduction continues, the company could gain more flexibility to invest in franchises and new productions 3.
    • If franchise development through the Global Products and Experiences division succeeds, revenue could become more diversified 1.

    What would break the thesis

    • If upcoming releases underperform, quarterly revenue could fall quickly, given the concentration on a few productions 1.
    • Television Production revenue declined in the first quarter because of delivery timing, and recovery depends on executing the delivery plan 3.
    • Net losses in continuing operations show that profitability is not yet stable, and administrative costs have risen 3.

    What to watch

    • Trend in Television Production revenue and scripted deliveriesQ2 2027
    • Performance of new theatrical releases and ancillary contribution2027
    • Development of leverage and free cash flownext 10-K
    • Dependence on Amazon and other large distributors in home entertainment revenuenext 10-K

    Products, market & competition

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    The business

    The company runs two reportable segments, Motion Picture and Television Production, covering the production, licensing and distribution of film and television content worldwide 1. In fiscal 2026 Motion Picture accounted for 60.8% of consolidated revenue and Television Production for 39.2% 1. The company became a standalone entity after the Starz Separation in May 2025 12.

    Beyond the two segments, the Global Products and Experiences division develops live shows, games, location-based attractions based on franchises such as The Hunger Games and John Wick, and merchandise that extend the value of the brands 1. The film and television library is exploited through multiple windows, from theatrical release to streaming platforms and FAST channels 1.

    The business model depends on financing costly productions, recovering costs through successive distribution windows, and keeping long-term rights to content 1. Revenue is sensitive to the performance of a limited number of releases in any given period 1.

    Segments

    Motion Picture

    The segment includes theatrical, home entertainment, television, international distribution and ancillary revenue. In fiscal 2026 home entertainment represented 44.1% of segment revenue and international 28.3% 1. In the first quarter of fiscal 2027 segment revenue reached 587.3 million USD 3, and segment profit was a first-quarter record, supported by the success of Michael and the ancillary performance of The Housemaid 3.

    Television Production

    The segment licenses scripted and unscripted series, mini-series and non-fiction programming to linear networks, basic cable, free TV and SVOD platforms. In fiscal 2026 domestic television generated 49.5% of segment revenue and international 25.1% 1. In the first quarter of fiscal 2027 revenue was 189.3 million USD, down from the prior year because of the timing of episode deliveries, and the company expects to double scripted deliveries in fiscal 2027 versus fiscal 2026 3.

    Market context

    The premium content market is competitive, with streaming platforms, television networks and major studios competing for audiences and licensing rights. Revenue is shaped by trends such as cord-cutting, the growth of ad-supported video-on-demand and FAST channels 1. The company builds its position on franchises and its library, and contracted backlog rose 21% over the past year to 1.5 billion USD 3.

    Theatrical distribution and home entertainment depend on release timing and competition among studios, so quarterly revenue can vary widely 1. If demand for licensed content stays strong, the library could support revenue stability, although the linear television market continues to shrink 1.

    Trends

    • Digital consumption and release windowsmixed

      Changes in consumer behaviour and new platforms make revenue harder to predict and increase pressure on pricing and monetization models 1.

    • Artificial intelligencemixed

      AI tools could reduce demand for paid products by widening access to free or cheap content, but they could also lower production costs if integrated effectively 1.

    • Recovery in theatrical activitytailwind

      An improving operating environment supported revenue growth in the first quarter of fiscal 2027, mainly through successful releases 3.

    • Concentration on a few titlesheadwind

      The performance of a small number of productions can determine results for a period, and weak reception of a title could lead to impairments that affect profitability 1.

    Competitive position

    The company competes with major US studios, which belong to diversified groups with greater financial resources and alternative revenue streams, as well as with new entrants from streaming 1. Competition is for talent, rights, licensing deals and audiences.

    Lionsgate positions itself as a preferred supplier to third-party buyers, based on a diversified franchise portfolio and a valuable library 1. If access to distribution and dominant platforms narrows, the competitive position could be affected 1.

    • The Walt Disney CompanyDIS

      Diversified group with studios, television and streaming platforms, cited among the larger studios with greater financial resources.

    • Warner Bros. DiscoveryWBD

      Important player in television distribution and cable networks, named among the company's licensing partners.

    • NBCUniversal

      Media group that licenses content to cable networks and competes in the same television segment.

    • Paramount Global

      Major studio with television networks and streaming platforms, competing for content and audiences.

    News & filings

    In the press

    The latest news item in our archive is from 28 Oct 2026; the newest SEC filing is from 29 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.

    SEC filings

    Sources

    1. [1] Form 10-K, fiscal year ended 2026-03-31 · SEC / Lionsgate Studios Corp. · 27 May 2026
    2. [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Lionsgate Studios Corp. · 06 Aug 2026
    3. [3] Form 8-K, results release (exhibit 99.1) · SEC / Lionsgate Studios Corp. · 06 Aug 2026

    Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.