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Get filing alertsLionsgate Studios reports Q1 revenue up 48% to $776.6M on Michael box office success
Filed August 6, 2026 · Period ending August 6, 2026 · ~1 min read
Key Changes
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Q1 revenue rose 48% YoY to $776.6M; adjusted net income $18.9M ($0.06/share) vs. GAAP loss of $28.8M ($0.10/share); adjusted OIBDA $79.3M
Exhibit 99.1 view on EDGAR → -
high
Motion Picture segment revenue more than doubled to $587.3M with record Q1 profit of $105M, driven by Michael's $1B+ worldwide box office (highest-grossing biopic ever) and The Housemaid ancillary sales
Exhibit 99.1 view on EDGAR → -
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Leverage improved nearly two turns to 4.3x trailing 12-month adjusted OIBDA; adjusted free cash flow $128.9M in the quarter
Exhibit 99.1 view on EDGAR → -
high
Filmed entertainment backlog grew 21% YoY to $1.5B; trailing 12-month library revenue $987M
Exhibit 99.1 view on EDGAR → -
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Television Production revenue $189.3M with profit $10.2M, down from prior year on episodic delivery timing; management reaffirms guidance to double scripted deliveries in fiscal 2027
Exhibit 99.1 view on EDGAR →
Summary
Lionsgate Studios delivered a strong first quarter of fiscal 2027, with revenue jumping 48% year-over-year to $776.6 million and adjusted OIBDA reaching $79.3 million. The standout performance came from the Motion Picture segment, which more than doubled revenue to $587.3 million and posted a record Q1 profit of $105 million.
The results were driven by Michael, the highest-grossing biopic of all time with over $1 billion in worldwide box office, plus strong ancillary sales of The Housemaid. The company also reported significant balance sheet improvement, reducing leverage by nearly two turns to 4.3x adjusted OIBDA on the strength of $128.9 million in adjusted free cash flow.
The Television Production segment saw revenue and profit decline to $189.3 million and $10.2 million respectively, which management attributed to episodic delivery timing rather than structural issues. The company reaffirmed guidance to double scripted deliveries in fiscal 2027 versus the prior year. Filmed entertainment backlog grew 21% year-over-year to $1.5 billion, providing visibility into future quarters, while trailing 12-month library revenue reached $987 million. The combination of theatrical success, improving leverage, and a growing backlog suggests the company is executing on its content strategy and strengthening its financial position.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Lionsgate Studios announced Q1 FY2027 (ended June 30, 2026) financial results via press release.
Added in current filing · verify on EDGAR →
On August 6, 2026, Lionsgate Studios Corp. (the “Company”) issued a press release announcing its results of operations for the first quarter ended June 30, 2026.
The company disclosed its first quarter fiscal 2027 financial results for the period ended June 30, 2026. The 8-K references a press release (Exhibit 99.1) containing the detailed results, but the body of the filing does not provide specific financial metrics such as revenue, earnings, or guidance.
Event · Exhibit 99.1
Added in current filing · view on EDGAR → · paraphrased
Driven by strong free cash flow, leverage improved by nearly two turns from the March quarter to 4.3x trailing 12-month adjusted OIBDA. Net Cash Flows Provided by Operating Activities were $54 Million in the Quarter; Adjusted Free Cash Flow was $128.9 Million
Lionsgate reduced leverage by nearly two turns from the prior quarter to 4.3x trailing 12-month adjusted OIBDA, driven by strong cash generation. Operating cash flow was $54 million and adjusted free cash flow reached $128.9 million in the quarter, reflecting improved working capital management.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 7, 2026 · How we verify