Lionsgate returns to profit post-Starz split but TV revenue drops 35%, debt rises 17%

Filed May 27, 2026 · Period ending March 31, 2026 · Compared to 10-K May 30, 2025 · ~2 min read

Key Changes

• high

  Operating income turned positive at $97.1M (vs. $18.1M loss prior year) in first standalone year after Starz separation, but Television Production revenue fell 35% to $1.0B due to fewer episode deliveries.

  MD&A: Operating Results verify on EDGAR →
• high

  Corporate debt increased 17% to $1.98B while film obligations held steady at $1.96B; company now relies on $1.62B in IP-backed credit facilities (both fully drawn) plus new $368M tax-credit facility.

  MD&A: Liquidity & Capital Resources verify on EDGAR →
• high

  Motion Picture revenue mix shifted 11 points toward theatrical (now 61% of total revenue vs. 50% prior year), driven by stronger home entertainment and international sales but weaker TV licensing.

  Business: Segment Revenue Mix verify on EDGAR →