Lionsgate Studios Corp (NYSE:LION)

Q1 2027 Lionsgate Studios Corp Earnings Call Transcript

Aug 6, 2026 / 09:00 PM GMT

Release Date Price: $12.93 (-0.39%)

Transcript 10-Q8-K

Key Points

Positve

Lionsgate Studios Corp (LION) reported its best first-quarter motion picture segment profit in company history, with revenue more than doubling year-over-year to $587 million, driven by the exceptional performance of 'Michael' and ancillary contributions from 'The Housemaid'.
The company achieved a 48% year-over-year revenue growth to $777 million and generated strong free cash flow of $129 million, leading to a faster-than-anticipated deleveraging to 4.3 times, reaching its mid-4 times leverage target early.
Lionsgate Studios Corp (LION) secured a significant licensing deal with Netflix for the 'Power' franchise, which is expected to be transformative for international growth and sets up the company for an even larger global opportunity in the next cycle.
The company's film and television backlog grew to a robust $1.5 billion, up 21% year-over-year, which is expected to translate into growth in upcoming library quarters and provides a strong source of recurring revenue.
Lionsgate Studios Corp (LION) is on the cusp of going 13 for 13 in current scripted series renewals, with success spread across 12 different buyers, demonstrating the strength of its diversified television strategy in a fragmented market.
The upcoming slate is strong, with early indicators suggesting 'The Hunger Games: Sunrise on the Reaping' has the potential to be one of the biggest in the franchise, and the company has lined up more than a dozen branded, repeatable properties over the next three years.

Negative

Television revenue and segment profit were down year-over-year due to the timing of episodic deliveries, although the company remains confident in achieving significant growth for the full fiscal year.
The company faces uncertainty from the paused Paramount-Warner Bros. merger, which management noted is 'the worst thing for our business' and creates a challenging environment for content sales and partnerships.
Lionsgate Studios Corp (LION) reported a diluted loss per share of $0.10 for the quarter, indicating that despite strong segment profits, the company is still not profitable on a GAAP basis.
The company's leverage, while improved, is still at 4.3 times, and the potential 3 Arts put in Q4 could increase leverage by about half a turn before it deleverages again.
The success of major films like 'Michael' involves significant upfront costs and profit-sharing with partners like Universal and the estate, which could limit the ultimate profitability compared to the box office gross.
The company's library revenue was roughly in line with the prior year at $987 million, suggesting that while strong, the library business is not currently showing significant growth momentum.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

LION.N - Lionsgate Studios Corp.
Q1 2027 Lionsgate Studios Corp Earnings Call
Aug 06, 2026 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon and welcome to Lions Gate 1st quarter fiscal 20,277 earnings conference call.

All participants will be in listen-only mode.

Should you need assistance, please signal a conference specialist by pressing the key, followed by 0.

After today's presentation, there will be an opportunity to ask questions.

To ask a question, you may press star, then 1 on your telephone keypad.

To withdraw your question, please press star, then 2.

Please note this event is being recorded.

I would now like to turn the conference over to Neil Lei Shaw, EVP Investor Relations, please go ahead.

Good afternoon.

Thank you for joining us for the Lionsgate

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