$LION

Lionsgate Studios Corp.

CIK:0002052959|SEC Filings

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenues	$ 776.6	$ 525.9
Expenses:
Direct operating	497.0	339.0
Distribution and marketing	121.8	118.1
General and administration	124.9	70.2
Depreciation and amortization	4.4	4.4
Restructuring and other	2.9	4.8
Total expenses	751.0	536.5
Operating income (loss)	25.6	(10.6)
Other income (expenses):
Interest expense	(56.9)	(68.7)
Interest and other income	4.8	4.4
Other gain (loss), net	3.7	(17.0)
Loss on extinguishment of debt	0.0	(1.0)
Gain on investments, net	1.3	8.8
Equity interests loss	0.0	(1.2)
Loss from continuing operations before income taxes	(21.5)	(85.3)
Income tax provision	(7.8)	(6.4)
Net loss from continuing operations, net of income taxes	(29.3)	(91.7)
Net loss from discontinued operations, net of income taxes	0.0	(14.9)
Net loss	(29.3)	(106.6)
Net (income) loss attributable to noncontrolling interests	0.5	(2.3)
Net loss attributable to Lionsgate Studios Corp. shareholders	(28.8)	(108.9)
Amounts attributable to Lionsgate Studios Corp. shareholders:
Net loss from continuing operations	(28.8)	(94.0)
Net loss from discontinued operations, net of income taxes	0.0	(14.9)
Net loss attributable to Lionsgate Studios Corp. shareholders	$ (28.8)	$ (108.9)
Per share information attributable to Lionsgate Studios Corp. shareholders:
Basic net loss per common share - continuing operations (in dollars per share)	$ (0.10)	$ (0.35)
Basic net loss per common share - discontinued operations (in dollars per share)	0	(0.05)
Basic net loss per common share (in dollars per share)	(0.10)	(0.40)
Diluted net loss per common share - continuing operations (in dollars per share)	(0.10)	(0.35)
Diluted net loss per common share - discontinued operations (in dollars per share)	0	(0.05)
Diluted net loss per common share (in dollars per share)	$ (0.10)	$ (0.40)
Weighted average number of common shares outstanding:
Basic (in shares)	291.6	272.3
Diluted (in shares)	291.6	272.3

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating Activities:
Net loss	$ (29.3)	$ (106.6)
Less: Net loss from discontinued operations, net of tax	0.0	(14.9)
Net loss from continuing operations, net of tax	(29.3)	(91.7)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	4.4	4.4
Amortization of films and television programs	264.9	224.4
Amortization of debt financing costs and other non-cash interest (benefit)	(0.3)	3.6
Non-cash share-based compensation	41.1	1.7
Other non-cash items	6.4	25.3
Loss on extinguishment of debt	0.0	1.0
Equity interests loss	0.0	1.2
Gain on investments, net	(1.3)	(8.8)
Deferred income taxes	0.3	0.1
Changes in operating assets and liabilities:
Accounts receivable, net	131.1	7.4
Investment in films and television programs, net	(300.6)	(250.2)
Other assets	(29.4)	13.3
Accounts payable and accrued liabilities	(58.8)	(20.2)
Participations and residuals	42.9	(26.0)
Content related payables	(15.9)	(9.8)
Deferred revenue	(1.4)	15.2
Net Cash Flows Provided By (Used In) Operating Activities - Continuing Operations	54.1	(109.1)
Net Cash Flows Provided By Operating Activities - Discontinued Operations	0.0	78.1
Net Cash Flows Provided By (Used In) Operating Activities	54.1	(31.0)
Investing Activities:
Acquisitions of businesses, net of cash acquired	0.0	(29.4)
Proceeds from the sale of equity method and other investments	0.0	34.0
Investments in equity method investees and other, net	0.0	(1.5)
Repayment of loans receivable, net	0.1	0.0
Capital expenditures	(2.9)	(3.5)
Net Cash Flows Used In Investing Activities - Continuing Operations	(2.8)	(0.4)
Net Cash Flows Used In Investing Activities - Discontinued Operations	0.0	(1.5)
Net Cash Flows Used in Investing Activities	(2.8)	(1.9)
Financing Activities:
Debt - borrowings, net of debt issuance and redemption costs	294.3	696.4
Debt - repurchases and repayments	(335.5)	(1,007.9)
Film related obligations - borrowings	475.4	551.1
Film related obligations - repayments	(392.6)	(479.8)
Cash settlement in connection with Starz Separation refinancing	0.0	262.8
Sale of noncontrolling interest in Legacy Lionsgate Studios Corp.	0.0	(3.5)
Distributions to noncontrolling interest	(1.4)	(0.8)
Exercise of stock options	5.6	0.0
Tax withholding required on equity awards	(15.9)	(0.3)
Net Cash Flows Provided By Financing Activities - Continuing Operations	29.9	18.0
Net Cash Flows Used In Financing Activities - Discontinued Operations	0.0	(22.3)
Net Cash Flows Provided By (Used In) Financing Activities	29.9	(4.3)
Net Change In Cash, Cash Equivalents and Restricted Cash	81.2	(37.2)
Foreign Exchange Effects on Cash, Cash Equivalents and Restricted Cash	(1.6)	3.2
Cash, Cash Equivalents and Restricted Cash - Beginning Of Period	419.8	291.6
Cash, Cash Equivalents and Restricted Cash - End Of Period	$ 499.4	$ 257.6

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2026	Mar. 31, 2026
ASSETS
Cash and cash equivalents	$ 425.8	$ 341.5
Accounts receivable, net	665.9	784.8
Other current assets	366.6	362.4
Total current assets	1,458.3	1,488.7
Investment in films and television programs, net	2,162.9	2,128.4
Property and equipment, net	34.5	34.9
Investments	40.1	41.1
Intangible assets, net	24.7	25.8
Goodwill	846.8	846.8
Other noncurrent assets	765.7	761.4
Total assets	5,333.0	5,327.1
LIABILITIES
Accounts payable	169.6	213.4
Content related payables - current	22.5	38.0
Accrued expenses and other current liabilities	351.0	354.0
Participations and residuals - current	626.9	615.6
Film related obligations - current	1,622.1	1,293.4
Debt - current	162.1	162.1
Deferred revenue - current	366.5	370.4
Total current liabilities	3,320.7	3,046.9
Debt - noncurrent	1,740.1	1,778.1
Participations and residuals - noncurrent	515.9	485.2
Film related obligations - noncurrent	414.4	656.5
Other noncurrent liabilities	295.5	308.1
Deferred revenue - noncurrent	90.1	87.6
Deferred tax liabilities	14.4	14.1
Total liabilities	6,391.1	6,376.5
Commitments and contingencies (Note 16)
Redeemable noncontrolling interest	112.0	114.1
EQUITY (DEFICIT)
Common shares	2,530.9	2,496.6
Accumulated deficit	(3,762.1)	(3,732.9)
Accumulated other comprehensive income	31.0	43.4
Total Lionsgate Studios Corp. shareholders’ equity (deficit)	(1,200.2)	(1,192.9)
Noncontrolling interests	30.1	29.4
Total equity (deficit)	(1,170.1)	(1,163.5)
Total liabilities, redeemable noncontrolling interests and equity (deficit)	$ 5,333.0	$ 5,327.1