Lionsgate Still in Red Despite 48% Revenue Growth From ‘Michael’
Segment profit for the studio's film division rose to a second quarter record $105 million thanks to the Antoine Fuqua biopic The post Lionsgate Still in Red Despite 48% Revenue Growth From ‘Michael’ appeared first on TheWrap .
Lionsgate reported a 48% increase in revenue for the second quarter of 2026, reaching $776.6 million, with the film division contributing $587.3 million, largely due to the success of "Michael." Despite this growth, the company reported a diluted net loss of 10 cents per share, an improvement from the 32 cents per share loss in the previous year.
The TV division struggled with revenue of just $189 million, resulting in a segment profit of $10.2 million, which was largely due to the timing of episodic deliveries. CEO Jon Feltheimer expressed optimism, stating that the company is positioned for strong growth in fiscal 2027 and beyond, as it continues to execute its franchise strategy and benefit from its intellectual properties.
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