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Lionsgate Studios (LION) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Feb 5, 2026
Lionsgate Studios (LION) reported revenue of $724M for the third quarter fiscal 2026 (Q3 FY26), +15% from a year earlier and +52% from the quarter before. Operating margin was 5.0%, net loss $44.4M (6.1% of revenue).
Lionsgate Studios, Q3 FY26: revenue $724M (+15% year over year), operating margin 5.0%, net loss $44.4M, operating cash flow −$109M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $724M | +52% | +15% |
| Operating profit | $36.0M | — | — |
| Net earnings | −$44.4M | — | — |
| Operating cash flow | −$109M | — | — |
What changed
Revenue was $724.3M in Q3 FY26, up 15% year over year and up 52% from the previous quarter.
Operating profit was $36.0M, a 5.0% margin (up 0.6 points year over year). Of the extra revenue versus a year earlier, 9% reached operating profit, above the 4% margin then. Total costs grew 15% against revenue growth of 15%. The fastest-growing cost line was Other operating costs (+15%). The quarter ended with a net loss of $44.4M, narrower than the previous quarter's $113.2M loss. Net interest and other expense of $73.7M was the main reason.
Operating cash flow was −$108.9M. Non-cash charges added back $4.4M of depreciation and amortization and $25.9M of share-based compensation. Working capital and other items used $94.8M. Capital expenditures of $3.0M exceeded it, leaving free cash flow of −$111.9M.
Questions
What was Lionsgate Studios' revenue in the third quarter fiscal 2026?
Lionsgate Studios (LION) reported revenue of $724M for the third quarter fiscal 2026 (Q3 FY26), +15% from a year earlier and +52% from the quarter before.
Was Lionsgate Studios profitable in the third quarter fiscal 2026?
Operating profit was $36.0M (5.0% of revenue) and net loss $44.4M.
Source: Lionsgate Studios 10-Q on SEC EDGAR.