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Lionsgate Studios vs Starz Entertainment: LION and STRZ compared
Lionsgate Studios is the larger company: $669M of revenue in its latest quarter (Q2 FY27) against $322M for Starz Entertainment (Q3 2026). Lionsgate Studios is growing faster (+41% against +0.5% a year earlier). Lionsgate Studios is more profitable, with an operating margin of 4.4% against -6.6%.
Where the money goes: LION and STRZ
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.
Starz Entertainment (STRZ) · Q3 2026
Starz Entertainment, Q3 2026: revenue $322M (+0.5% year over year), operating margin -6.6%, net loss $34.8M, operating cash flow $18.9M. The chart follows the revenue to costs, profit and cash.
| Lionsgate Studios (LION) | Starz Entertainment (STRZ) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q3 2026 |
| Revenue | $669M | $322M |
| Revenue growth, Y/Y | +41% | +0.5% |
| Operating margin | 4.4% | -6.6% |
| Net earnings | −$15.6M | −$34.8M |
| Net margin | -2.3% | -10.8% |
| Operating cash flow | −$52.7M | $18.9M |
| Free cash flow | — | $13.1M |
| Market value | $4.2B | $380M |
| Analysts’ mean target | $15.08 | $35.00 |
Where the revenue comes from
Starz Entertainment
- OTT revenue: $227M (70%)
- Linear and other revenue: $95.8M (30%)
Questions
Which is bigger, Lionsgate Studios or Starz Entertainment?
Lionsgate Studios is the larger company: $669M of revenue in its latest quarter (Q2 FY27) against $322M for Starz Entertainment (Q3 2026).
Is Lionsgate Studios or Starz Entertainment growing faster?
Lionsgate Studios is growing faster (+41% against +0.5% a year earlier).
Which is more profitable, Lionsgate Studios or Starz Entertainment?
Lionsgate Studios is more profitable, with an operating margin of 4.4% against -6.6%.
More: Lionsgate Studios earnings · how Lionsgate Studios makes money · Starz Entertainment earnings · how Starz Entertainment makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.