Lionsgate Studios Corp. reported its first-quarter fiscal 2026 results for the period ended June 30, 2025, with studio revenue of $555.9 million. The company recorded a net loss from continuing operations of $94.0 million, or $0.35 diluted net loss per share, and an adjusted net loss of $88.1 million, or $0.32 adjusted diluted net loss per share. Operating loss was $10.6 million, and Adjusted OIBDA was a loss of $3.7 million.
The Motion Picture segment's revenue decreased to $267.3 million, and segment profit fell to $2.4 million, primarily due to a difficult comparison with the prior year's strong carryover profits from fiscal 2024 films. In contrast, the Television Production segment showed strong performance, with revenue increasing 20% to $288.5 million and segment profit surging nearly 150% to $26.0 million, driven by increased episodic deliveries, higher-margin new series, and lower general and administrative expenses.
A consistent highlight was the company's trailing 12-month library revenue, which grew 12% from the prior-year quarter to a record $989 million, marking the third consecutive quarter of record TTM library revenue. CEO Jon Feltheimer characterized fiscal year 2026 as a 'post-separation transitional year' but emphasized steps are being taken for 'solid growth in fiscal 2027', including three major film tentpoles and a doubling of scripted television series deliveries.
Management reiterated its plan to reduce leverage from approximately 5.5 times trailing twelve-month adjusted OIBDA at the time of the STARZ separation in May 2025, targeting a range of 3.0 to 3.5 times. Cash flow used in operating activities improved to negative $109.1 million compared to negative $215.3 million in the prior year's first quarter, reflecting the company's front-loaded production cycle with positive cash generation expected later in the fiscal year.
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