Lionsgate Studios (LION) Earnings: Q2 Fiscal 2027 Results and Next Report Date

The quarter ended September 30, 2026 and Lionsgate Studios published the results on November 5, 2026. Revenue and diluted EPS are shown against Q2 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. Lionsgate Studios reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Adjusted Diluted EPS, continuing operations, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Lionsgate's fiscal year ends March 31, so Q2 fiscal 2027 is the quarter to September 30, 2026.
• Lionsgate separated from Starz on May 6, 2025. Starz is reported as discontinued operations for the periods before that date; since then, licensing to Starz is counted in Lionsgate's revenue.

Source: Lionsgate Q2 fiscal 2027 results, November 5, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Lionsgate Studios splits revenue in its own release, under its own labels, for Q2 fiscal 2027 against Q2 fiscal 2026. Indented lines are parts of the line above them.

• Lionsgate Studios's Motion Picture revenue was $359 million in Q2 fiscal 2027, up 30% from $276 million in Q2 fiscal 2026, 54% of total revenue.
• Lionsgate Studios's Television Production revenue was $310 million in Q2 fiscal 2027, up 56% from $199 million in Q2 fiscal 2026, 46% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Lionsgate's release gives no numeric revenue or earnings outlook. The first quote is from CEO Jon Feltheimer.

In its Q2 fiscal 2027 release, Lionsgate Studios said:

“Our strong performance in the quarter reflects all of the pieces of our fiscal 2027 plan coming together, reaffirming our confidence in this year's forecast of significant adjusted OIBDA growth”

“The Company anticipates doubling scripted deliveries in fiscal 2027 relative to fiscal 2026.”

Source: Lionsgate Q2 fiscal 2027 release, Nov 5, 2026.

This is the company's own guidance as of Nov 5, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the LION forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Revenue in millions and GAAP diluted net income (loss) per common share, each as first reported in that quarter's release.

Lionsgate Studios's next report is expected around February 4, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q2 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q2 fiscal 2027 (this page), reported Nov 5, 2026

Lionsgate Studios has two segments, Motion Picture and Television Production, plus a library of more than 20,000 film and television titles. Revenue was $668.8 million in Q2 fiscal 2027, up 41% from $475.1 million. Motion Picture brought in $359.3 million, up 30%, and Television Production $309.5 million, up 56%. (Lionsgate Q2 fiscal 2027 release, Nov 5, 2026)

Motion Picture revenue rose $82.9 million, mainly from home entertainment, particularly digital media, and television licensing. Digital media revenue was $170.7 million, against $124.7 million, and television revenue $67.9 million, against $38.6 million; Lionsgate's 10-Q credits Michael and Now You See Me: Now You Don't. Theatrical revenue was only $11.3 million in the quarter, down from $18.5 million. (Lionsgate Form 10-Q, Q2 fiscal 2027, Nov 5, 2026)

Television Production revenue rose $110.8 million on more scripted episodic deliveries, including Power: Origins and the second seasons of The Studio and The Hunting Wives. Domestic television revenue in the segment was $172.8 million, against $110.9 million, and international $59.5 million, against $30.7 million. (Lionsgate Q2 fiscal 2027 release, Nov 5, 2026; Lionsgate Form 10-Q, Q2 fiscal 2027, Nov 5, 2026)

Trailing 12-month library revenue was $1.04 billion, Lionsgate's second highest ever. Its filmed entertainment backlog, contractual future revenue not yet recognized, was $1.5 billion, and total remaining performance obligations in the 10-Q were $1,927.7 million. (Lionsgate Q2 fiscal 2027 release, Nov 5, 2026; Lionsgate Form 10-Q, Q2 fiscal 2027, Nov 5, 2026)

Lionsgate Studios lost $0.05 per diluted share on a GAAP basis in Q2 fiscal 2027, against a loss of $0.39 a year earlier, and earned $0.07 on its adjusted diluted EPS measure. Adjusted net income of $20.3 million adds back $21.5 million of share-based compensation, $9.7 million of restructuring and other costs (including $7.3 million of content and other impairments), $4.9 million of unallocated rent and $2.5 million of purchase accounting adjustments. (Lionsgate Q2 fiscal 2027 release, Nov 5, 2026)

Below operating income of $29.1 million, interest expense fell to $57.8 million from $67.3 million, and interest and other income rose to $17.5 million from $3.4 million. GAAP per-share figures use 297.6 million weighted average shares; the adjusted figure uses 302.4 million diluted shares. Lionsgate paid $48.2 million of tax withholding on equity awards in the quarter. (Lionsgate Q2 fiscal 2027 release, Nov 5, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Lionsgate Studios gives no numeric outlook in its release. CEO Jon Feltheimer said the quarter reaffirmed the company's confidence in its fiscal 2027 forecast of significant adjusted OIBDA growth, and the release says Lionsgate expects to double scripted deliveries in fiscal 2027 compared with fiscal 2026. (Lionsgate Q2 fiscal 2027 release, Nov 5, 2026)

A consensus figure is the average of the models published by the analysts who cover Lionsgate Studios, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Lionsgate Studios's own release and filings put weight on for Q2 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning LION is on is LION a buy or a sell?, what analysts expect next is on the LION forecast, and what the company does is on the Lionsgate Studios (LION) stock page.

Every number on this page can be traced to a document Lionsgate Studios published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.