Lionsgate Studios (LION) investor relations material

Executive summary

• Completed separation from Starz, creating two standalone public companies and simplifying share structure.

• Strong content pipeline with over half of upcoming slates comprised of branded, repeatable IP.

• Renewed 12 of 13 scripted TV series, nearly doubling episodic deliveries expected in fiscal 2027.

• Achieved third consecutive quarter of $1B+ trailing 12-month library revenue.

• Major box office successes with "The Housemaid" and "Michael," with "Michael" on track for $1B+ global gross.

Financial highlights

• Fiscal Q4 2026 revenue was $906.5M, up from $865.6M year-over-year.

• Adjusted OIBDA reached a 12-year high at $165.4M, up 17% year-over-year.

• Operating income rose over 50% to $117.5M year-over-year.

• Diluted EPS was $0.23; Adjusted diluted EPS was $0.37.

• Free cash flow was $190.4M for the quarter.

Outlook and guidance

• Entering fiscal 2027 with strong momentum and enhanced visibility.

• Expecting significant Adjusted OIBDA and free cash flow growth in fiscal 2027, with continued de-leveraging.

• TV segment to double episodic scripted deliveries in fiscal 2027.

• Backlog of $1.3B in contractual future revenues and cash flows, with 90% expected in next 24 months.