Lionsgate Studios Corp. Q3 FY2026 earnings call

• Launched new franchise with 'The Housemaid' success, sequel in production; began John Rambo production; announced Dirty Dancing project. • Television group secured renewals for 12 of 13 current scripted series. • Film and TV library had fifth straight record quarter with trailing 12-month revenue at $1.05B. • Motion Picture Group strong with 'Now You See Me: Now You Don't', 'The Housemaid'; TV series renewals and library growth driving momentum.

Lionsgate Studios revenue was up 1% year-over-year to $724 million. Motion Picture Group revenue grew 35% year-over-year to $421 million, with segment profit $59M, down YOY due to P&A timing. TV revenue was $303 million, segment profit $56 million, down YOY due to episodic delivery timing but partially offset by library revenue. Trailing 12-month library revenue reached an all-time high of $1.05 billion, achieving its fifth straight record quarter. 33% of library revenue this quarter comes from television series.

• Fiscal 2026 revenue $724M (+1% YOY), Adjusted OIBDA $85M, operating income $36M. • Motion Picture expected to end fiscal year strong with carryover from 'The Housemaid' and Q4 pay-one window titles. • TV expects to double scripted episodic deliveries in fiscal '27. • Trailing 12-month library revenue up 10% to $1.05B, fifth straight record.

• Industry disruptions including AI, social platforms, and M&A. • Dependence on key releases and market conditions affecting buyer activity and monetization of content.

Q: David Joyce asked about sustainability of volumes and profitability given industry consolidation.

A: Kevin Beggs and Jim Packer discussed new buyers, entrepreneurial ways to get shows on air, and strong distribution team.

Q: Thomas Yeh inquired about Motion Picture downstream window and AI.

A: James Barge and Jim Packer talked about pay-one carryover and AI initiatives with Kathleen Grace and Runway partnership.

Q: DK Hall asked about AI integration and mid-budget slate.

A: Adam Fogelson discussed mid-budget films and Michael Burns spoke on AI in operations.

Q: Brent Penter asked about M&A and film financing costs.

A: Michael Burns and James Barge talked about IP value and film financing as working capital management.

Q: Vikram Kesavabhotla asked about 'Michael' marketing and IP extension.

A: Adam Fogelson discussed 'Michael' trailer response and IP extension in live experiences and games.

Q: Jack DiD asked about library revenue sources and FAST services.

A: Jim Packer spoke on library revenue from core film/TV, new platforms, and transactional services.

Q: Matthew Harrigan asked about scaling TV scripted doubling.

A: Kevin Beggs discussed post-strike thawing of buyer chill and effective production economics.