Wall Street Analysts Are Bullish on Top Financial PicksWe continue to see FY26 as a trough Studio OIBDA year, with a ramping film & TV production pipeline setting the stage for a return to higher normalized earnings in FY27/28. Meanwhile, strategic optionality remains in focus, with LION as a pure-play studio positioned to benefit, in our view. Lionsgate's content pipeline supports our view of a higher normalized earnings potential in At Motion Picture, the theatrical slate is taking shape for FY27, with Michael now slated for Games prequel in Nov 2026, and part one of Christ sequel coming in March 2027. There is inherent risk in predicting film success, but a fuller slate and healthy opportunities for post-theatrical monetization offer an improved line of sight into the growth ahead.