Filing Flows › Lionsgate Studios (LION) › Q1 FY26
Lionsgate Studios (LION) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Aug 11, 2025
Lionsgate Studios (LION) reported revenue of $526M for the first quarter fiscal 2026 (Q1 FY26), +8% from a year earlier and -64% from the quarter before. Operating margin was -2.0%, net loss $107M (20.3% of revenue).
Lionsgate Studios, Q1 FY26: revenue $526M (+8% year over year), operating margin -2.0%, net loss $107M, operating cash flow −$31.0M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $526M | -64% | +8% |
| Operating profit | −$10.6M | -105% | — |
| Net earnings | −$107M | -180% | — |
| Operating cash flow | −$31.0M | -112% | — |
What changed
Revenue was $525.9M in Q1 FY26, up 8% year over year and down 64% from the previous quarter.
Operating costs exceeded revenue by $10.6M, an operating margin of -2.0%. Total costs grew 5% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+13%). The quarter ended with a net loss of $106.6M, after a profit of $132.6M the previous quarter. Net interest and other expense of $89.6M was the main reason.
Operating cash flow was −$31.0M. Non-cash charges added back $4.4M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items added $69.5M. Capital expenditures of $3.5M exceeded it, leaving free cash flow of −$34.5M.
Questions
What was Lionsgate Studios' revenue in the first quarter fiscal 2026?
Lionsgate Studios (LION) reported revenue of $526M for the first quarter fiscal 2026 (Q1 FY26), +8% from a year earlier and -64% from the quarter before.
Was Lionsgate Studios profitable in the first quarter fiscal 2026?
Operating loss was $10.6M (-2.0% of revenue) and net loss $107M.
Source: Lionsgate Studios 10-Q on SEC EDGAR.