Lionsgate Studios Corp. (LION) Earnings Call Transcripts

Lionsgate Studios Corp.'s Latest Earnings Call - May 21, 2026

In the fourth quarter of fiscal 2026, Lionsgate Studios reported revenue of $907 million, a decrease from the previous year, but adjusted OIBDA reached a 12-year high of $165 million, up 17% year-over-year. The company highlighted strong performance from its film slate, particularly with 'Michael' and 'The Housemaid', which are expected to drive further growth into fiscal 2027. Management signaled confidence in doubling episodic scripted deliveries and achieving significant adjusted OIBDA growth in the upcoming fiscal year, setting a positive tone for investors.

Reported metrics

Guidance from management

Management expects significant adjusted OIBDA growth in fiscal 2027, supported by a strong film slate and an increase in scripted episodic deliveries. They indicated that the upcoming year will not be as back-end loaded as fiscal 2026.

What management said

Yes. And thanks, Vikram. For sure, we've got great visibility and confidence as we look at significant growth rolling into '27 from a cadence standpoint, I would say that it's not as back-end loaded as it was in the prior year, so not as back-end loaded as fiscal '26. TV is a little bit more back-end loaded this year than Motion Picture. And to give you some color, part of that visibility, right, is we're doubling ep...

Yes. I would add the strategic conversations we've alluded to before would probably involve some deleveraging, but they will, for sure, be driven by the strategy, not the delevering.

What analysts pressed on

Analysts expressed concerns about the sustainability of the recent box office trends and the impact of timing and release schedules on profitability. There were questions regarding the potential range of outcomes for fiscal 2027 given the various moving pieces in the film and television segments.

Main topics on the call

• Strong Film Performance — 'Michael' is on track to become Lionsgate's first film to gross over $1 billion at the worldwide box office, while 'The Housemaid' has demonstrated strong carryover into home entertainment. Management stated, "The Housem...
• Television Growth — Management expects to double the number of episodic scripted deliveries from fiscal 2026 to fiscal 2027, with renewals for 12 of 13 scripted series. The Rookie's success was highlighted, with a new spin-off, 'The Rookie:...
• Library Revenue Consistency — Trailing 12-month library revenue remained above $1 billion for the third consecutive quarter, growing 5% year-over-year. This consistency was noted as creating valuable stability in a changing operating environment.
• AI Integration — Lionsgate is leaning into AI to enhance creative processes and operational efficiency, with management stating, "AI is a total net positive for us." This strategic focus aims to drive quality and efficiency across the bu...

Read the full Lionsgate Studios Corp. transcript (May 21, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 6 Lionsgate Studios Corp. earnings call transcripts on record, spanning May 22, 2025 to May 21, 2026. Based on this history, Lionsgate Studios Corp. reports quarterly. The most recent call on file is dated May 21, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

LION

Exchange

NYSE

Country

US

Sector

Communication Services

Industry

Entertainment

Calls on record

6

First call

May 22, 2025

Most recent

May 21, 2026

Reporting cadence

quarterly