Revenue increased and profits rebounded during Lionsgate‘s most recent quarter thanks to the box office success of “The Housemaid.”
Overall revenue hit $906.5 million, which compared favorably to the $865.6 billion in revenues that Lionsgate reported a year ago. The rise in sales was driven primarily by the motion picture group, which saw revenue up 23% and segment profit up 39%. The favorable earnings picture comes after the movies division has recaptured its former glory after a sustained theatrical slump, releasing hits like “The Long Walk” and “Now You See Me: Now You Don’t.”
More important, Lionsgate swung to a net profit of $70.2 million. A year earlier, the company posted a loss of $117.4 million. It also logged 37 cents in adjusted earnings per share, with adjusted OIBDA of $165.4 million in the quarter.
That beat Wall Street’s expectations. Analysts had expected the studio to earn 23 cents per share on revenue of $810.6 million for the quarter ended March 31, as well as adjusted OIBDA $154.3 million.
“All of the pieces of our business are coming together,” Lionsgate CEO Jon Feltheimer said.
In addition to “The Housemaid,” the film studio released sequels to “Greenland” and “The Strangers” during the period. Revenue for the division increased to $652 million, up from $528.5 million in the same period of 2025. Segment profit hit $187.1 million compared to $135.3 million in the year-ago period. The earnings period, which ended in March, didn’t include ticket sales for “Michael,” the studio’s blockbuster musical biopic, which hit theaters in April. The studio is also set to begin production later this year on “The Housemaid’s Secret,” a sequel to “The Housemaid,” that will open on December 17, 2027.
Lionsgate’s TV arm releases shows like the Apple TV+ hit “The Studio,” as well as “Yellowjackets” and “The Rainmaker.” Revenue for the division was down sharply due to timing of delivery of episodes, coming in at $254.6 million compared to $543.3 million in the year-ago period. Segment profits also fell to $30.5 million, off from $40.6 million during the prior-year quarter. Lionsgate noted that another season of “The Studio” will be released this year and also touted the extension of its procedural “The Rookie” with a spinoff series, “The Rookie: North.”
“Our success in the quarter is about more than one hit movie,” Feltheimer said. “We’re beginning to see signs that our operating environment is improving: people are returning to theaters. IMAX, Dolby, XD and other Premium Large Format screens are transforming the moviegoing experience. Great storytelling is emerging in new and unexpected places across traditional and digital media alike, and Gen Z audiences are enabling shows like “The Rookie” to break out with renewed vitality as we are again seeing the resilience of our business.”
More to come…
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