{
  "id": 238102,
  "title": "Lionsgate Still in Red Despite 48% Revenue Growth From ‘Michael’",
  "url": "https://urgent.news/2026/08/06/lionsgate-still-in-red-despite-48-revenue-growth-from-michael",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-06T20:28:56.000Z",
  "source": {
    "name": "TheWrap",
    "slug": "thewrap",
    "url": "https://www.thewrap.com/industry-news/business/lionsgate-earnings-q2-2026/"
  },
  "original_language": "en",
  "account": "Lionsgate's revenue increased by 48% to $776 million in the second quarter of 2026, driven by the impressive 48% year-over-year growth in domestic box office sales for the film \"Michael.\" However, the studio remains in the red, recording a diluted net loss of 10 cents per share, down from a 32 cent loss per share in the prior year quarter. Despite the film's success, sagging TV revenue contributed to the loss. \"Michael\" grossed $371 million in the U.S. and Canada, marking Lionsgate's third-highest grossing film of all time. The studio's CEO, Jon Feltheimer, sees the quarter as a step forward as Lionsgate pushes towards profitability following the spin-off of Starz last year. The company aims to become a stronger and more consistent theatrical presence with a slate of upcoming films and TV series.",
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}