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Lionsgate Studios vs Angel Studios: LION and ANGX compared
Lionsgate Studios is the larger company: $669M of revenue in its latest quarter (Q2 FY27) against $112M for Angel Studios (Q2 2026). Lionsgate Studios is growing faster (+41% against +28% a year earlier). Lionsgate Studios is more profitable, with an operating margin of 4.4% against -16.6%.
Where the money goes: LION and ANGX
Lionsgate Studios (LION) · Q2 FY27
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.
Angel Studios (ANGX) · Q2 2026
Angel Studios, Q2 2026: revenue $112M (+28% year over year), operating margin -16.6%, net loss $23.8M, operating cash flow $16.9M. The chart follows the revenue to costs, profit and cash.
| Lionsgate Studios (LION) | Angel Studios (ANGX) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q2 2026 |
| Revenue | $669M | $112M |
| Revenue growth, Y/Y | +41% | +28% |
| Operating margin | 4.4% | -16.6% |
| Net earnings | −$15.6M | −$23.8M |
| Net margin | -2.3% | -21.3% |
| Operating cash flow | −$52.7M | $16.9M |
| Market value | $4.2B | — |
| Analysts’ mean target | $15.08 | — |
Where the revenue comes from
Angel Studios
- Angel Guild Memberships: $90.7M (81%)
- Content Licensing: $15.1M (14%)
- Theatrical Release Revenue: $2.8M (3%)
- Merchandise: $2.4M (2%)
Questions
Which is bigger, Lionsgate Studios or Angel Studios?
Lionsgate Studios is the larger company: $669M of revenue in its latest quarter (Q2 FY27) against $112M for Angel Studios (Q2 2026).
Is Lionsgate Studios or Angel Studios growing faster?
Lionsgate Studios is growing faster (+41% against +28% a year earlier).
Which is more profitable, Lionsgate Studios or Angel Studios?
Lionsgate Studios is more profitable, with an operating margin of 4.4% against -16.6%.
More: Lionsgate Studios earnings · how Lionsgate Studios makes money · Angel Studios earnings · how Angel Studios makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Aug 4, 2026). Fiscal quarters can end on different dates. Not investment advice.