Lionsgate Studios Q2 revenue beats estimates; reaffirms FY forecast
Overview
US film and TV studio's fiscal Q2 revenue rose 41%, beating analyst expectations
Adjusted net income for fiscal Q2 was $20.3 mln, or $0.07 per share
Company cites strong motion picture and TV production segment growth for quarterly gains
Outlook
Lionsgate reaffirms forecast of significant adjusted OIBDA growth for fiscal 2027
Company anticipates doubling scripted episodic deliveries in fiscal 2027 versus fiscal 2026 in its Television Production segment
Lionsgate sees growing visibility into continued growth trajectory in fiscals 2028 and 2029
Result Drivers
MOTION PICTURE SEGMENT - Co said revenue and segment profit rose due to ongoing contribution of Michael and continued library strength
TELEVISION PRODUCTION SEGMENT - Co said revenue and segment profit rose due to significant increase in scripted episodic deliveries, including Power: Origins and second seasons of The Studio and The Hunting Wives
LIBRARY PERFORMANCE - Co reported trailing 12-month library revenue of $1.04 bln, second highest ever
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $668.8 mln | $661.71 mln (12 Analysts) |
Q2 Net loss attributable | $15.5 mln | ||
Q2 Income from Operations | $29.1 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the entertainment production peer group is "buy"
Wall Street's median 12-month price target for Lionsgate Studios Corp. is $16.50, about 29.7% above its November 4 closing price of $12.72
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 37 three months ago
Reuters Recommended Reads
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Nov 5 - Sony Q2 profit jumps on 'Spider-Man' and PlayStation boost
Nov 3 - Cinemark posts record Q3 revenue, net income up 146%
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)