Filing Flows › Lionsgate Studios (LION) › Q2 FY27
Lionsgate Studios (LION) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Nov 5, 2026
Lionsgate Studios (LION) reported revenue of $669M for the second quarter fiscal 2027 (Q2 FY27), +41% from a year earlier and -14% from the quarter before. Operating margin was 4.4%, net loss $15.6M (2.3% of revenue).
Lionsgate Studios, Q2 FY27: revenue $669M (+41% year over year), operating margin 4.4%, net loss $15.6M, operating cash flow −$52.7M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $669M | -14% | +41% |
| Operating profit | $29.1M | +14% | — |
| Net earnings | −$15.6M | — | — |
| Operating cash flow | −$52.7M | -197% | — |
What changed
Revenue was $668.8M in Q2 FY27, up 41% year over year and down 14% from the previous quarter.
Operating profit was $29.1M, a 4.4% margin (up 14.0 points year over year). Total costs grew 23% against revenue growth of 41%. The fastest-growing cost line was General & admin (+25%). The quarter ended with a net loss of $15.6M, narrower than the previous quarter's $29.3M loss. Net interest and other expense of $42.2M was the main reason.
Operating cash flow was −$52.7M. Non-cash charges added back $4.4M of depreciation and amortization and $22.2M of share-based compensation. Working capital and other items used $63.7M. Capital expenditures of $3.6M exceeded it, leaving free cash flow of −$56.3M.
Questions
What was Lionsgate Studios' revenue in the second quarter fiscal 2027?
Lionsgate Studios (LION) reported revenue of $669M for the second quarter fiscal 2027 (Q2 FY27), +41% from a year earlier and -14% from the quarter before.
Was Lionsgate Studios profitable in the second quarter fiscal 2027?
Operating profit was $29.1M (4.4% of revenue) and net loss $15.6M.
Source: Lionsgate Studios 10-Q on SEC EDGAR.