Lionsgate, now without Starz results, on Thursday posted lower overall studio business revenues and a widened loss for the first quarter of fiscal 2026.

The Hollywood studio, led by CEO Jon Feltheimer, during the first quarter recorded a net profit attributable to shareholders at $108.9 million, compared to a year-earlier $59.4 million loss, on overall studio business revenue falling to $556 million, compared to a year-earlier $590.7 million. The total revenue line for the latest quarter beat a Wall Street estimate by $3 million. Lionsgate posted an earnings per-share loss of 40 cents, compared to a year-earlier per-share loss of 24 cents. Adjusted OIBDA came to a loss of $3.7 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 revenue fall to $267.3 million, compared to $349.6 million in the year-ago period. Lionsgate said the prior year period had gains from from carry-over profits from fiscal 2024 titles.

During the latest first quarter, Ballerina, a spin-off from the John Wick franchise, was the main theatrical release out of Lionsgate,with Shadow ForceandHurry Up Tomorrowalso filling screens at the multiplex. During an after-market analyst call, CEO Feltheimer said the studio was laying the ground toward returning to the solid and significant growth in fiscal 27 that wevepreviously projected.

He pointed to three major tentpoles anchoring the fiscal 2027 movie slate:The Hunger Games: Sunrise on the Reaping, which has just started production in Spain ahead of a Thanksgiving 2026 release; the Michael Jackson biopicMichael dated for a April 24, 2026 release; and Mel GibsonsResurrection of the Christ, the follow-up toThe Passion of the Christ, to be released intwoparts. The first film will open on Good Friday in March 2027, and the second film will roll out six weeks later on Ascension Day in May 2027.

Feltheimer pointed to the recent domestic box office underperformance for Ballerina, but added the film is nearing $140 million at theworldwidebox office and doing well in ancillary markets with John Wick fans.

Elsewhere during the latest quarter, TV production revenue rose to $288.5 million, against a year-earlier $241.1 million, on an increase in episodic deliveries and more profitable new series. Though we continue to see pressure in the broader TV operating environment, we are continuing todeliver noisyproperties that resonate across every genre, economic model and type of platform, Feltheimer told analysts.

He pointed to premium TV series like Seth Rogen and Evan Goldbergs The Studiofor Apple TV+ andThe Hunting Wiveson Netflix as performing for Lionsgate. Upcoming TV titles include the gladiator dramaSpartacus: House of Ashurandthe spinoffPower: Originsfor Starz.

The segment profit, a key metric, for the Motion Picture division, came in at $2.4 million, compared to a year-earlier $85.2 million. The TV Production segment profit came in at $26 million, compared to a year-earlier $10.7 million.