Lionsgate Studios Corp.

Listed Company

LIONCIK 0002052959NYSELarge AcceleratedServices-Motion Picture & Video Tape ProductionCAFY ends Mar 31

Period

FY 2025

Revenue

$3.20B

Net Income

$-128.50M

Total Assets

$5.12B

Equity

$-1.05B

Shares Out

290.19M

Op. Cash Flow

$-106.80M

Business

Lionsgate Studios Corp. is a standalone publicly traded content company that produces, acquires and distributes motion pictures and television programming. It offers theatrical films, home entertainment (physical and digital), television series and related ancillary content including music, consumer products, live experiences, interactive and location‑based entertainment. The company operates through two reportable segments: Motion Picture and Television Production, and a Global Products and Experiences division that manages merchandise, live events, games and location‑based attractions. Lionsgate distributes content domestically and internationally across theatrical exhibitors, broadcasters, streaming platforms, digital marketplaces and ancillary channels.

Summary from filing dated 2025-05-30

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31	Mar 31, 2024 2024-03-31
Revenues	2,632	2,585	2,450
Expenses:	—	—	—
Direct operating	1,584	1,740	1,469
Distribution and marketing	484	399	465
General and administration	398	358	385
Depreciation and amortization	18	18	16
Restructuring and other	51	88	130
Total expenses	2,535	2,603	2,465
Operating income (loss)	97	−18	−15
Interest expense	260	262	247
Interest and other income	18	15	19
Other loss, net	−20	−12	−19
Gain (loss) on extinguishment of debt	−2	−5	10
Gain on investments, net	11	0	4
Equity interests income (loss)	−3	4	9
Loss from continuing operations before income taxes	−159	−277	−240
Income tax provision	16	17	22
Net loss from continuing operations, net of income taxes	−176	−295	−261
Net loss from discontinued operations, net of income taxes	−17	−79	−855
Net loss	−192	−374	−1,116
Net (income) loss attributable to noncontrolling interests	6	−12	−13
Net loss attributable to Lionsgate Studios Corp. shareholders	−198	−362	−1,103
Amounts attributable to Lionsgate Studios Corp. shareholders:	—	—	—
Net loss from continuing operations	−182	−283	−248
Net loss from discontinued operations, net of tax	−17	−79	−855
Net loss attributable to Lionsgate Studios Corp. shareholders	−198	−362	−1,103
Per share information attributable to Lionsgate Studios Corp. shareholders:	—	—	—
Basic net loss per common share - continuing operations (in dollars per share)	−0.64	−1.12	−1.07
Basic net loss per common share - discontinued operations (in dollars per share)	−0.06	−0.31	−3.51
Basic net loss per common share (in dollars per share)	−0.7	−1.43	−4.58
Diluted net loss per common share - continuing operations (in dollars per share)	−0.64	−1.12	−1.07
Diluted net loss per common share - discontinued operations (in dollars per share)	−0.06	−0.31	−3.51
Diluted net loss per common share (in dollars per share)	−0.7	−1.43	−4.58
Weighted average number of common shares outstanding:	—	—	—
Basic (in shares)	285	249	244
Diluted (in shares)	285	249	244

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31
ASSETS	—	—
Current assets:	—	—
Cash and cash equivalents	342	213
Accounts receivable, net	785	586
Other current assets	362	362
Assets of discontinued operations - current	0	76
Total current assets	1,489	1,236
Investment in films and television programs, net	2,128	1,994
Property and equipment, net	35	34
Investments	41	78
Intangible assets, net	26	21
Goodwill	847	809
Other noncurrent assets	761	827
Assets of discontinued operations - noncurrent	0	1,824
Total assets	5,327	6,822
LIABILITIES	—	—
Total current liabilities:	—	—
Accounts payable	213	257
Content related payables - current	38	35
Accrued expenses and other current liabilities	354	229
Participations and residuals	616	643
Film related obligations - current	1,293	1,618
Debt - current	162	134
Deferred revenue - current	370	202
Liabilities of discontinued operations - current	0	351
Total current liabilities	3,047	3,467
Debt - noncurrent	1,778	1,839
Participations and residuals	485	409
Film related obligations - noncurrent	657	365
Other noncurrent liabilities	308	417
Deferred revenue - noncurrent	88	169
Deferred tax liabilities	14	13
Liabilities of discontinued operations - noncurrent	0	401
Total liabilities	6,377	7,081
Commitments and contingencies (Note 18)	—	—
Redeemable noncontrolling interest	114	94
EQUITY (DEFICIT)	—	—
Common shares	2,497	3,197
Accumulated deficit	−3,733	−3,534
Accumulated other comprehensive income	43	73
Total Lionsgate Studios Corp. shareholders’ equity (deficit)	−1,193	−265
Noncontrolling interests	29	−88
Total equity (deficit)	−1,164	−353
Total liabilities, redeemable noncontrolling interests and equity (deficit)	5,327	6,822

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Mar 31, 2026 2026-03-31	Mar 31, 2025 2025-03-31	Mar 31, 2024 2024-03-31
Operating Activities:	—	—	—
Net loss	−192	−374	−1,116
Less: Net loss from discontinued operations, net of tax	−17	−79	−855
Net loss from continuing operations, net of tax	−176	−295	−261
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:	—	—	—
Depreciation and amortization	18	18	16
Amortization of films and television programs	1,023	1,173	930
Amortization of debt financing costs and other non-cash interest	8	25	27
Non-cash share-based compensation	78	57	70
Other non-cash items	−59	−39	−49
Non-cash charge from modification of an equity award	0	0	49
Content and other impairments	17	35	13
(Gain) loss on extinguishment of debt	−2	−5	10
Equity interests (income) loss	−3	4	9
Gain on investments, net	11	0	4
Deferred income taxes	−3	400,000	−600,000
Changes in operating assets and liabilities:	—	—	—
Accounts receivable, net	−29	−183	−96
Investment in films and television programs, net	1,184	1,197	698
Other assets	−57	66	−6
Accounts payable and accrued liabilities	−73	−115	−37
Participations and residuals	47	−35	27
Content related payables	−3	−13	−25
Deferred revenue	50	88	−6
Net Cash Flows Provided By (Used In) Operating Activities - Continuing Operations	−53	−102	234
Net Cash Flows Provided By (Used In) Operating Activities - Discontinued Operations	78	−64	163
Net Cash Flows Provided By (Used In) Operating Activities	25	−166	397
Investing Activities:	—	—	—
Acquisition of businesses, net of cash acquired	29	0	331
Net proceeds from purchase price adjustments for eOne acquisition	0	12	0
Proceeds from the sale of equity method and other investments	37	2	5
Investments in equity method investees and other	2	2	13
Asset acquisition (film library and related assets)	0	35	0
Repayment (increase) of loans receivable, net	−600,000	−2	4
Capital expenditures	13	14	10
Net Cash Flows Used In Investing Activities - Continuing Operations	−7	−35	−352
Net Cash Flows Used In Investing Activities - Discontinued Operations	−2	−18	−25
Net Cash Flows Used in Investing Activities	−9	−53	−377
Financing Activities:	—	—	—
Debt - borrowings, net of debt issuance and redemption costs	2,950	4,235	3,145
Debt - repurchases and repayments	3,001	4,443	2,673
Film related obligations - borrowings	2,510	1,986	1,821
Film related obligations - repayments	2,564	1,960	1,943
Cash settlement in connection with Starz Separation refinancing (see Note 8)	−263	0	0
Sale of noncontrolling interest in Legacy Lionsgate Studios Corp. (see Note 3)	−4	282	0
Purchase of noncontrolling interest	0	7	195
Distributions to noncontrolling interest	7	10	2
Exercise of stock options	400,000	700,000	500,000
Tax withholding required on equity awards	14	29	32
Net Cash Flows Provided By Financing Activities - Continuing Operations	133	54	122
Net Cash Flows Provided By (Used In) Financing Activities - Discontinued Operations	−22	91	−83
Net Cash Flows Provided By Financing Activities	111	144	40
Net Change In Cash, Cash Equivalents and Restricted Cash	127	−75	60
Foreign Exchange Effects on Cash, Cash Equivalents and Restricted Cash	1	−5	−1
Cash, Cash Equivalents and Restricted Cash - End Of Period	—	—	—
Cash, Cash Equivalents and Restricted Cash - End Of Period	—	—	—

Filings

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