Newly-solo Lionsgate on Thursday posted sharply lower overall film and TV businesses revenues and a reduced loss for the second quarter of fiscal 2026.

The Hollywood studio, led by CEO Jon Feltheimer, posted a net loss attributable to shareholders at $113.5 million, compared to a year-earlier $163.3 million loss, after spinning off its Starz streaming platform. Investors reacted in after-market trading by sending stock in the studio down by 36 cents, or 5 percent, to $6.67.

Overall studio business revenue fell to $475.1 million, compared to a year-earlier $604 million. Lionsgate posted an earnings per-share loss of 39 cents, compared to a year-earlier per-share loss of 68 cents. The adjusted OIBDA came to $14.1 million. The newly-launched Lionsgate Studios business is comprised of Lionsgates Motion Picture Group and Television Studio business, along with a 20,000-strong film and TV library. Starz, also a standalone publicly-traded company, discloses its own financial results.

The companys studios business, which combines the Motion Picture and TV production segments, saw Motion Picture segment revenue fall to $276.4 million, compared to $409.4 million in the year-ago period. That was due to a tough comparison to the year-earlier period when Lionsgate had five wide releases, against only two wide releases during the latest quarter.

And TV production segment revenue fell to $198.7 million, against a year-earlier $416 million, owing to the timing of episodic deliveries, with some pushed into the second half of fiscal 2026. The segment profit, a key metric, for the Motion Picture division, came in at $30.5 million, compared to a year-earlier $1.7 million. The TV Production segment profit was $12.5 million, against a year-earlier $24.4 million.

We reported a quarter in line with our financial expectations with all signs pointing to significant growth over the next two quarters and through fiscal 2027, Lionsgate CEO Jon Feltheimer said in a statement that accompanied his latest financial results.

During the quarter we readied a film slate primed to deliver strong growth over the next 18 months, refilled our television pipeline with key series renewals and breakout new shows, and reported $1 billion in trailing 12-month library revenue, a record performance that highlights our entire portfolio of intellectual property, he added.