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Lionsgate Studios (LION)
NYSE:LION
Earnings Data
Report Date
May 21, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.27Last Year’s EPS
0.21Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated a mix of encouraging operating momentum and substantial near-term financial pressures. Positives include record library revenue (up 10% YoY to $1.05B), strong Motion Picture topline growth (+35% to $421M), a deep franchise slate, renewals of nearly all scripted series (12 of 13), and a 26% increase in backlog giving visibility into future cash flows. Offsetting these strengths are elevated leverage (net debt $1.75B; 7.4x leverage), GAAP losses (EPS -$0.16), negative operating cash flow (-$109M) and quarter-to-quarter profit timing impacts from heavy P&A spend (~$100M) and episodic delivery timing. Management projects meaningful improvement in Q4 adjusted OIBDA, organic deleveraging into mid-4x by mid fiscal '27 and further progress into fiscal '28, which together with the strong slate and library momentum underpin a cautiously optimistic outlook.Company Guidance
Consolidated Revenue and Profitability Metrics
Q3 fiscal 2026 revenue increased 1% year-over-year to $724 million. Adjusted OIBDA was $85 million and operating income was $36 million. Reported fully diluted loss per share was $0.16 while fully diluted adjusted earnings were $0.01 per share.
Motion Picture Revenue Growth
Motion Picture revenue grew 35% year-over-year to $421 million, driven by releases including Now You See Me: Now You Don't (nearly $250M worldwide), The Housemaid and Good Fortune.
Record Library Performance
Trailing 12-month library revenue reached an all-time high of $1.05 billion, up 10% year-over-year and marking the fifth consecutive record quarter.
Robust Backlog and Pipeline Visibility
Backlog increased 26% year-over-year to $1.5 billion (80% of which is expected to convert to revenue/cash flow within the next 15 months), providing significant near-term visibility into revenues.
Studio Segment Profit Momentum
Studio segment profit grew sequentially throughout the fiscal year and was $114 million in the quarter, reflecting back-end loaded cadence and alignment with peer studio OIBDA comparisons.
Franchise and Slate Strength
Company highlighted a slate of tentpoles and franchises (Michael, Hunger Games: Sunrise on the Reaping, Resurrection of the Christ Parts 1 & 2, John Rambo, Dirty Dancing, John Wick, Naruto, Saw, Blair Witch) and more than 40 active franchise properties spanning film, TV, games and live experiences.
TV Renewals and Series Performance
Television group secured renewals for 12 of 13 scripted series across 12 different buyers; notable hits include The Hunting Wives (Netflix), The Rainmaker (USA Network), Robinhood (MGM+), The Rookie (ABC), and Spartacus: House of Ashur (Starz).
Marketing and Audience Momentum for Michael
Trailer for Michael set internal view records for music biopic trailers and early screenings have generated very positive response; management reports strong engagement metrics and significant IMAX/large-format commitments for the April rollout.
Strategic AI Initiatives and Partnerships
Appointed a Chief AI Officer to integrate AI across the business; active partnership/experimentation with Runway and use cases cited include postproduction, VFX, previsualization and FAST channel optimization.
Diversified Library Monetization and FAST Growth
33% of record library revenue this quarter came from television series (vs ~10% ten years ago). FAST/AVOD/add-on channels and transactional EST/VOD are growing contributors: FAST ~6% of trailing 12 revenue with a target of 10–15% next year; EST/VOD ~10%.
LION Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LION Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 05, 2026 | $8.82 | ― | ― |
Nov 06, 2025 | $7.03 | $6.87 | -2.28% |
Aug 07, 2025 | $5.91 | $6.33 | +7.11% |
May 22, 2025 | $6.70 | $6.60 | -1.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Lionsgate Studios (LION) report earnings?
Lionsgate Studios (LION) is schdueled to report earning on May 21, 2026, After Close (Confirmed).
What is Lionsgate Studios (LION) earnings time?
Lionsgate Studios (LION) earnings time is at May 21, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LION EPS forecast?
LION EPS forecast for the fiscal quarter 2026 (Q4) is 0.27.