{"id":872954,"date":"2025-08-07T19:20:47","date_gmt":"2025-08-07T23:20:47","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lionsgate-reports-results-for-first-quarter-fiscal-2026\/"},"modified":"2025-08-07T19:20:47","modified_gmt":"2025-08-07T23:20:47","slug":"lionsgate-reports-results-for-first-quarter-fiscal-2026","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lionsgate-reports-results-for-first-quarter-fiscal-2026\/","title":{"rendered":"LIONSGATE REPORTS RESULTS FOR FIRST QUARTER FISCAL 2026"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n Studio Revenue was $556 Million<\/span>; Net Loss From Continuing Operations Attributable to Shareholders was $94.0 Million<\/span> or $0.35<\/span> Diluted Net Loss Per Share<\/b>\n <\/p>\n

\n Adjusted Net Loss from Continuing Operations Attributable to Shareholders was $88.1 Million<\/span> or $0.32<\/span> Adjusted Diluted Net Loss Per Share<\/b>\n <\/p>\n

\n Operating Loss was $10.6 Million<\/span><\/b>\n <\/p>\n

\n Adjusted OIBDA was a Loss of $3.7 Million<\/span><\/b>\n <\/p>\n

\n Trailing 12-Month Library Revenue Grew 12% to Record $989 Million<\/span><\/b>\n <\/p>\n

\n
\n SANTA MONICA, Calif.<\/span> and VANCOUVER, BC<\/span><\/span>, Aug. 7, 2025<\/span><\/span> \/PRNewswire\/ —\u00a0Lionsgate Studios Corp. (NYSE: LION) (“Lionsgate”) today reported first quarter results for the quarter ended June 30<\/span>, 2025.\u00a0 During the quarter, Lions Gate Entertainment Corp. fully separated its Lionsgate and STARZ businesses.\u00a0 This press release contains financial results for Lionsgate, which is comprised of its Motion Picture and Television Production segments.\u00a0\u00a0<\/p>\n

\n

\n
\n \"Courtesy
\n <\/a>\n <\/p>\n<\/p><\/div>\n

The Company reported first quarter studio revenue of $555.9 million<\/span>, operating loss of $10.6 million<\/span> and net loss from continuing operations attributable to\u00a0Lionsgate shareholders of $94<\/span>.0\u00a0million or $0<\/span>.35\u00a0diluted loss per share on 272.3 million diluted weighted average common shares outstanding.\u00a0 Adjusted net loss from continuing operations attributable to Lionsgate shareholders in the quarter was $88<\/span>.1\u00a0million or $0<\/span>.32\u00a0adjusted diluted loss per share on 272.3 million diluted weighted average common shares outstanding.\u00a0 Adjusted\u00a0OIBDA was a loss of $3.7<\/span> million\u00a0in the quarter.\u00a0\u00a0\u00a0<\/p>\n

“In a post-separation transitional year for the studio, we are taking a number of important steps toward returning to solid growth in fiscal 2027,” said Lionsgate CEO Jon Feltheimer<\/span>.\u00a0 “We have three major film tentpoles set for release in the coming fiscal year, expect to double our scripted television series deliveries next year and continue to innovate our brands across new businesses and onto new platforms.\u00a0 We are also continuing to create fresh revenue streams for our film and television library, contributing to another record trailing 12-month revenue performance in the quarter and increasing our visibility into the year ahead.”\u00a0\u00a0\u00a0<\/p>\n

Trailing 12-month library revenue increased 12% from the prior-year quarter to a record $989 million<\/span>, marking\u00a0the 3rd<\/sup> straight quarter of record trailing 12-month library revenue.<\/p>\n

\n First Quarter Segment Results<\/b>\n <\/p>\n

\n Motion Picture<\/b> segment revenue and segment profit decreased to $267.3 million<\/span> and $2.4 million<\/span>, respectively, due to a difficult comparison with the prior year, which benefited from strong carryover profits from fiscal 2024 films.\u00a0<\/p>\n

\n Television Production<\/b> segment revenue increased 20% to $288.5 million<\/span> and segment profit increased nearly 150% to $26.0 million<\/span>.\u00a0 Revenue and segment profit growth were driven by an increase in episodic deliveries, and segment profit also benefited from higher margin new series and lower G&A.<\/p>\n

Lionsgate senior management will hold its analyst and investor conference call to discuss fiscal 2026 first quarter results today, August 7<\/span>th<\/sup>, at 5:00 PM ET<\/span>\/2:00 PM\u00a0PT.\u00a0 Interested parties may listen to the live webcast by visiting the events page on the Lionsgate Investor Relations\u00a0website<\/a><\/u>.\u00a0 Alternatively, interested parties can join the webcast directly via\u00a0the following\u00a0link<\/a><\/u>.\u00a0 A full replay will become available this evening by clicking the same link.\u00a0<\/p>\n

\n
\n About Lionsgate<\/u>
\n <\/b>\n <\/p>\n

Lionsgate\u00a0(NYSE: LION) is one of the world’s leading standalone, pure play content companies. It brings together diversified motion picture and television production and distribution businesses, a world-class portfolio of valuable brands and franchises, a premier talent management and production powerhouse at 3 Arts Entertainment and a more than 20,000-title film and television library, all driven by Lionsgate’s bold and entrepreneurial culture.<\/p>\n

For further information, investors should contact:
Nilay Shah<\/span>
310-255-3651
nshah@lionsgate.com<\/a><\/u><\/p>\n

For media inquiries, please contact:
Peter\u00a0D.\u00a0Wilkes
310-255-3726
pwilkes@lionsgate.com<\/a><\/u><\/p>\n

\n The matters discussed in this press release include forward-looking statements, including those regarding the performance of future fiscal years.\u00a0 Such statements are subject to a number of risks and uncertainties. Actual results in the future could differ materially and adversely from those described in the forward-looking statements as a result of various important factors, including, but not limited to: the substantial investment of capital required to produce and market films and television series; budget overruns; limitations imposed by our credit facility and notes; unpredictability of the commercial success of our motion pictures and television programming; risks related to acquisition and integration of acquired businesses; the effects of dispositions of businesses or assets, including individual films or libraries; the cost of defending our intellectual property; technological changes and other trends affecting the entertainment industry; potential adverse reactions or changes to business or employee relationships; weakness in the global economy and financial markets, including a recession, bank failures and general economic uncertainty; wars, terrorism and multiple international conflicts that could cause significant economic disruption and political and social instability; labor disruptions and strikes; the volatility of currency exchange rates; our ability to manage growth; the effects of competition on our future business; the impact of and changes in governmental regulations or the enforcement thereof, tax laws and rates, accounting guidance and similar matters in regions in which we operate or will operate in the future; international, national or local economic, social or political conditions that could adversely affect our business; the effectiveness of our internal controls and our corporate policies and procedures; changes in personnel and availability of qualified personnel; the volatility of the market price and liquidity of our common shares; and the other risk factors set forth in Lionsgate’s public filings with the Securities and Exchange Commission.\u00a0 The companies undertake no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect any future events or circumstances.<\/i>\n <\/p>\n

\n Additional Information Available on Websites<\/b>\n <\/p>\n

The information in this press release should be read in conjunction with the financial statements and footnotes contained in Lionsgate’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2025<\/span>, which will be posted on Lionsgate’s website at\u00a0http:\/\/investors.lionsgate.com\/<\/a><\/u>.\u00a0 Trending schedules containing certain financial information will also be available.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n LIONSGATE STUDIOS CORP.<\/b>
\n <\/span>\n <\/p>\n

\n
\n CONSOLIDATED BALANCE SHEETS<\/b>\u00a0<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n June 30,<\/b>
\n
\n 2025<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n March 31,<\/b>
\n
\n 2025<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n (Unaudited, amounts in millions)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n ASSETS<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Cash and cash equivalents<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 186.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 212.5<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Accounts receivable, net<\/span>\n <\/p>\n<\/td>\n

\n

\n 834.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 585.6<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Other current assets<\/span>\n <\/p>\n<\/td>\n

\n

\n 387.4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 362.1<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Assets of discontinued operations – current<\/span>\n <\/p>\n<\/td>\n

\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 75.8<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total current assets<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,408.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,236.0<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Investment in films and television programs, net<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,008.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,994.2<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Property and equipment, net<\/span>\n <\/p>\n<\/td>\n

\n

\n 34.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 34.1<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Investments<\/span>\n <\/p>\n<\/td>\n

\n

\n 49.4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 77.8<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Intangible assets, net<\/span>\n <\/p>\n<\/td>\n

\n

\n 29.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 20.8<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Goodwill<\/span>\n <\/p>\n<\/td>\n

\n

\n 844.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 808.5<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Other assets<\/span>\n <\/p>\n<\/td>\n

\n

\n 786.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 827.1<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Assets of discontinued operations – noncurrent<\/span>\n <\/p>\n<\/td>\n

\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,823.6<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total assets<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5,160.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6,822.1<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n LIABILITIES<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Accounts payable<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 307.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 256.5<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Content related payables<\/span>\n <\/p>\n<\/td>\n

\n

\n 27.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 35.2<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Other accrued liabilities<\/span>\n <\/p>\n<\/td>\n

\n

\n 222.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 228.8<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Participations and residuals<\/span>\n <\/p>\n<\/td>\n

\n

\n 622.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 642.5<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Film related obligations<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,521.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,618.0<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Debt – short term portion<\/span>\n <\/p>\n<\/td>\n

\n

\n 136.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 134.0<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Deferred revenue<\/span>\n <\/p>\n<\/td>\n

\n

\n 291.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 201.7<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Liabilities of discontinued operations – current<\/span>\n <\/p>\n<\/td>\n

\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 350.6<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total current liabilities<\/span>\n <\/p>\n<\/td>\n

\n

\n 3,128.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,467.3<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Debt<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,528.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,838.9<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Participations and residuals<\/span>\n <\/p>\n<\/td>\n

\n

\n 407.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 409.3<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Film related obligations<\/span>\n <\/p>\n<\/td>\n

\n

\n 538.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 365.1<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Other liabilities<\/span>\n <\/p>\n<\/td>\n

\n

\n 408.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 417.1<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Deferred revenue<\/span>\n <\/p>\n<\/td>\n

\n

\n 132.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 169.1<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Deferred tax liabilities<\/span>\n <\/p>\n<\/td>\n

\n

\n 20.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 12.9<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Liabilities of discontinued operations – noncurrent<\/span>\n <\/p>\n<\/td>\n

\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 401.4<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total liabilities<\/span>\n <\/p>\n<\/td>\n

\n

\n 6,164.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,081.1<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Redeemable noncontrolling interests<\/span>\n <\/p>\n<\/td>\n

\n

\n 114.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 93.7<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n EQUITY (DEFICIT)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Common shares, no par value, unlimited shares authorized, 285.8 shares issued (March 31, 2025 – nil)<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,405.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Old Lionsgate Class A voting common shares, no par value (March 31, 2025 – 83.7 shares issued)<\/span>\n <\/p>\n<\/td>\n

\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 674.7<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Old Lionsgate Class B non-voting common shares, no par value (March 31, 2025 – 156.8 shares issued)<\/span>\n <\/p>\n<\/td>\n

\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,522.1<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Accumulated deficit<\/span>\n <\/p>\n<\/td>\n

\n

\n (3,643.1)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (3,534.1)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Accumulated other comprehensive income<\/span>\n <\/p>\n<\/td>\n

\n

\n 90.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 72.6<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total Lionsgate Studios Corp. shareholders’ equity (deficit)<\/span>\n <\/p>\n<\/td>\n

\n

\n (1,147.9)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (264.7)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Noncontrolling interests<\/span>\n <\/p>\n<\/td>\n

\n

\n 29.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (88.0)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total equity (deficit)<\/span>\n <\/p>\n<\/td>\n

\n

\n (1,118.0)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (352.7)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total liabilities, redeemable noncontrolling interests and equity (deficit)<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5,160.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6,822.1<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n LIONSGATE STUDIOS CORP.<\/b>
\n <\/span>\n <\/p>\n

\n
\n CONSOLIDATED STATEMENTS OF OPERATIONS<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n Three Months Ended<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n June 30,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n 2025<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n (Unaudited, amounts in millions,
except per share amounts)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Revenues<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 525.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 486.9<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Expenses<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Direct operating<\/span>\n <\/p>\n<\/td>\n

\n

\n 339.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 287.9<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Distribution and marketing<\/span>\n <\/p>\n<\/td>\n

\n

\n 118.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 93.3<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n General and administration<\/span>\n <\/p>\n<\/td>\n

\n

\n 70.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 95.9<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Depreciation and amortization<\/span>\n <\/p>\n<\/td>\n

\n

\n 4.4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4.6<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Restructuring and other<\/span>\n <\/p>\n<\/td>\n

\n

\n 4.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 27.7<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total expenses<\/span>\n <\/p>\n<\/td>\n

\n

\n 536.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 509.4<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Operating loss<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n (10.6)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (22.5)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Interest expense<\/span>\n <\/p>\n<\/td>\n

\n

\n (68.7)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (63.5)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Interest and other income<\/span>\n <\/p>\n<\/td>\n

\n

\n 4.4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5.0<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Other losses, net<\/span>\n <\/p>\n<\/td>\n

\n

\n (17.0)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1.4)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Loss on extinguishment of debt<\/span>\n <\/p>\n<\/td>\n

\n

\n (1.0)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (3.7)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Gain on investments, net<\/span>\n <\/p>\n<\/td>\n

\n

\n 8.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Equity interests income (loss)<\/span>\n <\/p>\n<\/td>\n

\n

\n (1.2)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.9<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Loss from continuing operations before income taxes<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n (85.3)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (85.2)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Income tax provision<\/span>\n <\/p>\n<\/td>\n

\n

\n (6.4)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (5.6)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Net loss from continuing operations<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n (91.7)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (90.8)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Net income (loss) from discontinued operations, net of income taxes<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n (14.9)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 27.7<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Net loss<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n (106.6)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (63.1)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Less: Net income (loss) from continuing operations attributable to noncontrolling interests<\/span>\n <\/p>\n<\/td>\n

\n

\n (2.3)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.7<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Net loss attributable to Lionsgate Studios Corp. shareholders<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (108.9)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (59.4)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Amounts attributable to Lionsgate Studios Corp. shareholders:<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Net loss from continuing operations<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (94.0)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (87.1)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net income (loss) from discontinued operations, net of tax<\/span>\n <\/p>\n<\/td>\n

\n

\n (14.9)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 27.7<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Net loss attributable to Lionsgate Studios Corp. shareholders<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (108.9)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (59.4)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Per share information attributable to Lionsgate Studios Corp. shareholders:<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Basic net loss per common share – continuing operations<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.35)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.36)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Basic net income (loss) per common share – discontinued operations<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n (0.05)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.11<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Basic net loss per common share<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.40)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.24)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Diluted net loss per common share – continuing operations<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.35)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.36)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Diluted net income (loss) per common share – discontinued operations<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n (0.05)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.11<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Diluted net loss per common share<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.40)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.24)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Weighted average number of common shares outstanding:<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Basic<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 272.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 245.6<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Diluted<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 272.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 245.6<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n LIONSGATE STUDIOS CORP.<\/b>
\n <\/span>\n <\/p>\n

\n
\n CONSOLIDATED STATEMENTS OF CASH FLOWS<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n Three Months Ended<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n June 30,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n 2025<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n (Unaudited, amounts in millions)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Operating Activities:<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Net loss<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (106.6)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (63.1)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Less: Net income (loss) from discontinued operations, net of tax<\/span>\n <\/p>\n<\/td>\n

\n

\n (14.9)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 27.7<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net loss from continuing operations, net of tax<\/span>\n <\/p>\n<\/td>\n

\n

\n (91.7)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (90.8)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjustments to reconcile net loss to net cash provided by (used in) operating activities:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Depreciation and amortization<\/span>\n <\/p>\n<\/td>\n

\n

\n 4.4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4.6<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Amortization of films and television programs<\/span>\n <\/p>\n<\/td>\n

\n

\n 224.4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 161.5<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Amortization of debt financing costs and other non-cash interest<\/span>\n <\/p>\n<\/td>\n

\n

\n 3.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 8.4<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Non-cash share-based compensation<\/span>\n <\/p>\n<\/td>\n

\n

\n 1.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 13.4<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Other non-cash items<\/span>\n <\/p>\n<\/td>\n

\n

\n 25.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9.0<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Content and other impairments<\/span>\n <\/p>\n<\/td>\n

\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 18.1<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Loss on extinguishment of debt<\/span>\n <\/p>\n<\/td>\n

\n

\n 1.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.7<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Equity interests (income) loss<\/span>\n <\/p>\n<\/td>\n

\n

\n 1.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.9)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Gain on investments, net<\/span>\n <\/p>\n<\/td>\n

\n

\n (8.8)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Deferred income taxes<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11.2<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Changes in operating assets and liabilities:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Accounts receivable, net<\/span>\n <\/p>\n<\/td>\n

\n

\n 7.4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 176.6<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Investment in films and television programs, net<\/span>\n <\/p>\n<\/td>\n

\n

\n (250.2)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (643.2)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Other assets<\/span>\n <\/p>\n<\/td>\n

\n

\n 13.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (10.9)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Accounts payable and accrued liabilities<\/span>\n <\/p>\n<\/td>\n

\n

\n (20.2)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (51.4)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Participations and residuals<\/span>\n <\/p>\n<\/td>\n

\n

\n (26.0)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (64.4)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Content related payables<\/span>\n <\/p>\n<\/td>\n

\n

\n (9.8)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 58.5<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Deferred revenue<\/span>\n <\/p>\n<\/td>\n

\n

\n 15.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 181.3<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net Cash Flows Used In Operating Activities – Continuing Operations<\/span>\n <\/p>\n<\/td>\n

\n

\n (109.1)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (215.3)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net Cash Flows Provided By (Used In) Operating Activities – Discontinued Operations<\/span>\n <\/p>\n<\/td>\n

\n

\n 78.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 56.4<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Net Cash Flows Used In Operating Activities <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n (31.0)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (158.9)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Investing Activities:<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Acquisition of businesses, net of cash acquired<\/span>\n <\/p>\n<\/td>\n

\n

\n (29.4)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Proceeds from the sale of equity method and other investments<\/span>\n <\/p>\n<\/td>\n

\n

\n 34.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Investment in equity method investees and other<\/span>\n <\/p>\n<\/td>\n

\n

\n (1.7)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2.0)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Distributions from equity method investees and other<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Acquisition of assets (film library and related assets)<\/span>\n <\/p>\n<\/td>\n

\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (35.0)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Capital expenditures<\/span>\n <\/p>\n<\/td>\n

\n

\n (3.5)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (4.1)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net Cash Flows Provided By (Used In) Investing Activities – Continuing Operations<\/span>\n <\/p>\n<\/td>\n

\n

\n (0.4)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (41.1)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net Cash Flows Used In Investing Activities – Discontinued Operations<\/span>\n <\/p>\n<\/td>\n

\n

\n (1.5)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (4.9)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Net Cash Flows (Provided By) Used In Investing Activities<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n (1.9)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (46.0)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Financing Activities:<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Debt – borrowings, net of debt issuance and redemption costs<\/span>\n <\/p>\n<\/td>\n

\n

\n 696.4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 771.8<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Debt – repurchases and repayments<\/span>\n <\/p>\n<\/td>\n

\n

\n (1,007.9)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1,065.4)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Film related obligations – borrowings<\/span>\n <\/p>\n<\/td>\n

\n

\n 551.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 583.1<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Film related obligations – repayments<\/span>\n <\/p>\n<\/td>\n

\n

\n (479.8)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (557.8)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Cash settlement in connection with Starz Separation refinancing<\/span>\n <\/p>\n<\/td>\n

\n

\n 262.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Sale of noncontrolling interest in Lionsgate Studios Corp.<\/span>\n <\/p>\n<\/td>\n

\n

\n (3.5)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 294.0<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Distributions to noncontrolling interest<\/span>\n <\/p>\n<\/td>\n

\n

\n (0.8)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.6)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Tax withholding required on equity awards<\/span>\n <\/p>\n<\/td>\n

\n

\n (0.3)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (3.0)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net Cash Flows Provided By Financing Activities – Continuing Operations<\/span>\n <\/p>\n<\/td>\n

\n

\n 18.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 22.1<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net Cash Flows Provided By (Used In) Financing Activities – Discontinued Operations<\/span>\n <\/p>\n<\/td>\n

\n

\n (22.3)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 53.8<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Net Cash Flows Provided By (Used In) Financing Activities<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n (4.3)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 75.9<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Net Change In Cash, Cash Equivalents and Restricted Cash<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n (37.2)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (129.0)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Foreign Exchange Effects on Cash, Cash Equivalents and Restricted Cash<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 3.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.5)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Cash, Cash Equivalents and Restricted Cash – Beginning Of Period<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 291.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 371.4<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Cash, Cash Equivalents and Restricted Cash – End Of Period<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 257.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 241.9<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n LIONSGATE STUDIOS CORP.
<\/b>
\n BASIS OF PRESENTATION AND SUPPLEMENTAL INFORMATION<\/b>\n <\/p>\n

\n Starz Separation. <\/i>On May 6, 2025<\/span>, Lions Gate Entertainment Corp. (NYSE: LGF.A, LGF.B) (“Old Lionsgate”), through a series of transactions contemplated by a certain arrangement agreement, dated as of January 29, 2025<\/span>, as amended by an amending agreement, dated as of March 12, 2025<\/span> (collectively, the “Arrangement Agreement”) completed the separation of the businesses of Lionsgate Studios Corp. (NASDAQ: LION) (“Legacy Lionsgate Studios”), from the STARZ-branded premium subscription platform (the “Starz Separation”) business. As a result of the Arrangement Agreement, the pre-transaction shareholders of Old Lionsgate own shares in two separately traded public companies: (1) New Lionsgate, which was renamed “Lionsgate Studios Corp.” (the “Company,” “Lionsgate,” “we,” “us,” or “our”) (NYSE: LION) and holds, directly and through subsidiaries, the Studio Business previously held by Old Lionsgate, and is owned by Old Lionsgate shareholders and Legacy Lionsgate Studios shareholders, and (2) Old Lionsgate, which was renamed “Starz Entertainment Corp.” and holds, directly and through subsidiaries, the Starz Business that was previously held by Old Lionsgate.<\/p>\n

Notwithstanding the legal form of the Starz Separation, for accounting and financial reporting purposes, in accordance with U.S. GAAP, due to the relative significance of the Studio Business as compared to the Starz Business and the continued involvement of Old Lionsgate’s senior management with the Company following the completion of the Starz Separation,\u00a0 the Company (which holds the Studio Business) is considered the accounting spinnor or divesting entity and Starz (which holds the Starz Business) is considered the accounting spinnee or divested entity. As a result, Old Lionsgate is the accounting predecessor to the Company and the pro rata distribution of the Starz Business has been recorded through equity with no gain or loss recognized. The Starz Business is reflected as discontinued operations.<\/p>\n

\n LIONSGATE STUDIOS CORP.
<\/b>
\n SEGMENT INFORMATION<\/b>\n <\/p>\n

The Company’s reportable segments have been determined based on the distinct nature of their operations, the Company’s internal management structure, and the financial information that is evaluated regularly by the Company’s Chief Operating Decision Maker (“CODM”) in deciding how to allocate resources to an individual segment and in assessing performance. The Company’s Chief Executive Officer (“CEO”) is the CODM.<\/p>\n

Following the Starz Separation, the Company no longer reports the Media Networks segment and currently has two reportable business segments: (1) Motion Picture and (2) Television Production.<\/p>\n

\n (1) \u00a0 Motion Picture. <\/i>Motion Picture consists of the development and production of feature films, acquisition of North American and worldwide distribution rights, North American theatrical, home entertainment and television distribution of feature films produced and acquired, and worldwide licensing of distribution rights to feature films produced and acquired.<\/p>\n

\n (2) \u00a0 Television Production. <\/i>Television Production consists of the development, production and worldwide distribution of television productions including television series, television movies and mini-series, and non-fiction programming. Television Production includes the licensing of Starz original series productions to Starz, and the ancillary market distribution of Starz original productions and licensed product (prior to the Starz Separation, licensing to the former Media Networks segment). Additionally, the Television Production segment includes the results of operations of 3 Arts Entertainment.<\/p>\n

In the ordinary course of business, the Company’s reportable segments enter into transactions with one another. The most common types of intersegment transactions, prior to the Starz Separation, include licensing motion pictures or television programming (including Starz original productions) from the Motion Picture and Television Production segments to the former Media Networks segment. While intersegment transactions are treated like third-party transactions to determine segment performance, the revenues (and corresponding expenses) are eliminated in consolidation and, therefore, do not affect consolidated results from operations. Following the Starz Separation,\u00a0 the Company and Starz will continue to be parties to certain commercial agreements and licensing motion pictures or television programming to Starz is not eliminated in consolidation and, therefore, are reflected in the consolidated results from continuing operations.<\/p>\n

Segment information is presented in the tables below:<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n

\n
\n Three Months Ended<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n June 30,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n 2025<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n (Unaudited, amounts in millions)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Segment revenues<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Studio Business:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Motion Picture<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 267.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 349.6<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Television Production<\/span>\n <\/p>\n<\/td>\n

\n

\n 288.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 241.1<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total Studio Business<\/span>\n <\/p>\n<\/td>\n

\n

\n 555.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 590.7<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Intersegment eliminations<\/span>\n <\/p>\n<\/td>\n

\n

\n (29.9)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (103.8)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 525.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 486.9<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Segment profit<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Studio Business:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Motion Picture<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2.4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 85.2<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Television Production<\/span>\n <\/p>\n<\/td>\n

\n

\n 26.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.7<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total Studio Business segment profit(1)<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n 28.4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 95.9<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Corporate general and administrative expenses<\/span>\n <\/p>\n<\/td>\n

\n

\n (32.1)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (33.3)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Adjusted OIBDA(1)(2)<\/sup><\/span><\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (3.7)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 62.6<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n\n\n\n\n
\n

\n _______________<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n (1)<\/span>\n <\/p>\n<\/td>\n

\n

\n See “Use of Non-GAAP Financial Measures” for the definition of Studio Business Segment Profit and Adjusted\u00a0OIBDA and reconciliation to the most directly comparable GAAP financial measure.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n (2)<\/span>\n <\/p>\n<\/td>\n

\n

\n Beginning in the quarter ended June 30, 2025, unallocated rent cost for production facilities that were unutilized as a result of the industry strikes is excluded from Adjusted\u00a0OIBDA, consistent with the calculation of segment profit. Adjusted OIBDA for the quarter ended June 30, 2024 has been adjusted to reflect amounts consistent with the current period presentation.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

The Company’s primary measure of segment performance is its Studio Business segment profit. Segment profit is defined as gross contribution (segment revenues, less segment direct operating and segment distribution and marketing expense) less segment general and administration expenses. Segment profit excludes, when applicable, corporate general and administrative expense, restructuring and other costs, share-based compensation, certain content charges as a result of changes in management and\/or content strategy, certain benefits related to the COVID-19 global pandemic, unallocated rent cost and purchase accounting and related adjustments. The Company believes the presentation of Studio Business segment profit is relevant and useful for investors because it allows investors to view segment performance in a manner similar to the primary method used by the Company’s management, including the CODM, and enables them to understand the fundamental performance of the Company’s businesses. The CODM uses Studio Business segment profit to evaluate the operating performance of the Company’s segments, to inform decisions for planning and forecasting, and for the allocation of resources. Segment profit is a GAAP financial measure.<\/p>\n

Total Studio Business segment profit is considered a non-GAAP financial measure, and should be considered in addition to, not as a substitute for, or superior to, measures of financial performance prepared in accordance with United States GAAP. We use this non-GAAP measure, among other measures, to evaluate the aggregate operating performance of our business.<\/p>\n

\n LIONSGATE STUDIOS CORP.
<\/b>
\n RECONCILIATION OF OPERATING INCOME (LOSS)
<\/b>
\n TO ADJUSTED OIBDA AND TOTAL STUDIO BUSINESS SEGMENT PROFIT<\/b>\n <\/p>\n

The following table reconciles the GAAP measure, operating loss to the non-GAAP measures, Adjusted OIBDA and Total Studio Business Segment Profit:<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n

\n
\n Three Months Ended<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n June 30,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n 2025<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n (Unaudited, amounts in millions)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Operating loss<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (10.6)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (22.5)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted depreciation and amortization(1)<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n 3.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.6<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Restructuring and other(2)<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n 4.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 27.7<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n COVID related benefit(3)<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2.0)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Unallocated rent cost included in direct operating expense(4)<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n 5.4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5.2<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted share-based compensation expense(5)<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n 2.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 13.4<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Purchase accounting and related adjustments(6)<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n 3.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.1<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Intersegment eliminations(7)<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n (12.8)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 34.1<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Adjusted OIBDA<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (3.7)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 62.6<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Corporate general and administrative expenses<\/span>\n <\/p>\n<\/td>\n

\n

\n 32.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 33.3<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Total Studio Business Segment Profit<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 28.4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 95.9<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n\n\n\n\n
\n

\n ___________________<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n (1)<\/span>\n <\/p>\n<\/td>\n

\n

\n Adjusted depreciation and amortization represent depreciation and amortization as presented on our consolidated statements of operations less the depreciation and amortization related to the non-cash fair value adjustments to property and equipment and intangible assets acquired in acquisitions which are included in the purchase accounting and related adjustments line item above, as shown in the table below:<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n
\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n

\n
\n Three Months Ended<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n June 30,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n 2025<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n (Unaudited, amounts in millions)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Depreciation and amortization<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4.4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4.6<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Less: Amount included in purchase accounting and related adjustments<\/span>\n <\/p>\n<\/td>\n

\n

\n (0.9)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1.0)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted depreciation and amortization<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3.6<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n\n\n\n\n
\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n (2)<\/span>\n <\/p>\n<\/td>\n

\n

\n Restructuring and other includes restructuring and severance costs, certain transaction and other costs, and certain unusual items, when applicable, as shown in the table below:\u00a0<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n
\n\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n

\n
\n Three Months Ended<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n June 30,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n 2025<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n (Unaudited, amounts in millions)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Restructuring and other:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Content and other impairments(a)<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 18.0<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Severance(b)<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n 1.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.0<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Transaction and other costs(c)<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n 3.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6.7<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 27.7<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n\n\n\n\n\n
\n

\n _______________________<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0 \u00a0 \u00a0(a)\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n Amounts in the three months ended June 30, 2024 include impairments of certain operating lease right-of-use and leasehold improvement assets related to the Television Production segment associated with facility leases that will no longer be utilized by the Company, primarily related to the integration of eOne. The lease impairments reflect a decline in market conditions since the inception of the leases impacting potential sublease opportunities, and represent the difference between the estimated fair value, which was determined based on the expected discounted future cash flows of the lease assets, and the carrying value.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0 \u00a0 \u00a0(b)\u00a0\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n Severance costs were primarily related to restructuring, acquisition integration activities and other cost-saving initiatives.\u00a0<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0 \u00a0 \u00a0(c)\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n Transaction and other costs in the three months ended June 30, 2025 and 2024 reflect transaction, integration and legal costs associated with certain strategic transactions, restructuring activities and costs associated with legal and other matters. In the three months ended June 30, 2025 and 2024, amounts exclude transaction costs associated with the\u00a0Starz Separation as such amounts are classified within discontinued operations. In the three months ended June 30, 2024, amounts include acquisition and integration costs related to the acquisition of eOne and the Studio Separation.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n\n\n\n\n\n\n
\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n (3)<\/span>\n <\/p>\n<\/td>\n

\n

\n Amounts in the three months ended June 30, 2024 represent a benefit from insurance recoveries related to circumstances associated with the COVID-19 pandemic.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n (4)<\/span>\n <\/p>\n<\/td>\n

\n

\n Amounts represent rent cost for production facilities that were unutilized as a result of the industry strikes, and therefore such amounts are not allocated to the segments.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n (5)<\/span>\n <\/p>\n<\/td>\n

\n

\n The following table reconciles total share-based compensation expense to adjusted share-based compensation expense:<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n
\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n

\n
\n Three Months Ended<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n June 30,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n 2025<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n (Unaudited, amounts in millions)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total share-based compensation expense<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 13.4<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Less: Amount included in restructuring and other(a)<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n 1.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted share-based compensation<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 13.4<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n\n\n\n\n
\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0 \u00a0 \u00a0(a)\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n Amounts represent share-based compensation expense recorded within restructuring and other expenses, attributable to the accelerated vesting of equity awards pursuant to certain severance arrangements.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n
\n\n\n\n
\n

\n (6)<\/span>\n <\/p>\n<\/td>\n

\n

\n Purchase accounting and related adjustments primarily consist of the amortization of non-cash fair value adjustments to certain assets acquired in acquisitions. The table below presents the amounts included in each financial statement line item:<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n
\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n

\n
\n Three Months Ended<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n June 30,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n 2025<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n (Unaudited, amounts in millions)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Purchase accounting and related adjustments:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n General and administrative expense(a)<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2.1<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Depreciation and amortization<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.0<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3.1<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n\n\n\n\n
\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0 \u00a0 \u00a0(a)\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n Amounts represent compensation expense associated with the noncontrolling equity interests in the distributable earnings of 3 Arts Entertainment. Due to the link to continued employment performance, these amounts are classified as general and administrative expense instead of noncontrolling interest in the consolidated statements of operations.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n
\n\n\n
\n

\n (7)<\/span>\n <\/p>\n<\/td>\n

\n

\n Amounts reflects the impact of intersegment profit from the Motion Picture and Television Production segments’ licensing motion pictures or television programming to the former Media Networks segment prior to the\u00a0Starz separation on May 6, 2025. Following the Starz Separation, the Company and Starz will continue to be parties to certain commercial agreements and licensing motion pictures or television programming to Starz is not eliminated in consolidation and, therefore, are reflected in consolidated results from continuing operations.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n LIONSGATE STUDIOS CORP.<\/b>
\n <\/span>\n <\/p>\n

\n
\n RECONCILIATION OF NET INCOME (LOSS) FROM CONTINUING OPERATIONS ATTRIBUTABLE TO
LIONSGATE STUDIOS CORP. SHAREHOLDERS TO ADJUSTED NET INCOME FROM CONTINUING
OPERATIONS ATTRIBUTABLE TO LIONSGATE STUDIOS CORP. SHAREHOLDERS AND BASIC AND DILUTED
EPS FROM CONTINUING OPERATIONS TO ADJUSTED BASIC AND DILUTED EPS FROM CONTINUING OPERATIONS<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n Three Months Ended<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n June 30,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n 2025<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n (Unaudited, amounts in millions,
except per share amounts)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Reported Net Loss From Continuing Operations Attributable to Lionsgate Studios
Corp. Shareholders<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (94.0)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (87.1)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted share-based compensation expense<\/span>\n <\/p>\n<\/td>\n

\n

\n 2.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 13.4<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Restructuring and other<\/span>\n <\/p>\n<\/td>\n

\n

\n 4.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 27.7<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n COVID-19 related benefit<\/span>\n <\/p>\n<\/td>\n

\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2.0)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Unallocated rent cost included in direct operating expense(1)<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n 5.4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5.2<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Purchase accounting and related adjustments<\/span>\n <\/p>\n<\/td>\n

\n

\n 3.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.1<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Loss on extinguishment of debt<\/span>\n <\/p>\n<\/td>\n

\n

\n 1.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.7<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Gain on investments, net<\/span>\n <\/p>\n<\/td>\n

\n

\n (8.8)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Tax impact of above items(2)<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.1)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Noncontrolling interest impact of above items(3)<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n (2.5)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2.7)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Adjusted Net Loss From Continuing Operations Attributable to Lionsgate Studios
Corp. Shareholders<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (88.1)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (38.8)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Reported Basic EPS – Continuing Operations<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.35)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.36)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Impact of adjustments on basic earnings per share<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.03<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.20<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Adjusted Basic EPS – Continuing Operations<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.32)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.16)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Reported Diluted EPS – Continuing Operations<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.35)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.36)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Impact of adjustments on diluted earnings per share<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.03<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.20<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Adjusted Diluted EPS – Continuing Operations<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.32)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.16)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Adjusted weighted average number of common shares outstanding:<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Basic<\/span>\n <\/p>\n<\/td>\n

\n

\n 272.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 245.6<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Diluted<\/span>\n <\/p>\n<\/td>\n

\n

\n 272.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 245.6<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n\n\n\n\n\n
\n

\n _________________________<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n (1)<\/span>\n <\/p>\n<\/td>\n

\n

\n Beginning in the quarter ended June 30, 2025, these costs are excluded from Adjusted Net Income (Loss) from Continuing Operations. Amounts for the quarter ended June 30, 2024 have been adjusted to reflect amounts consistent with the current period presentation.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n (2)<\/span>\n <\/p>\n<\/td>\n

\n

\n Represents the tax impact of the adjustments to net income attributable to\u00a0Lionsgate Studios Corp. shareholders, calculated using the applicable effective tax rate of the adjustment.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n (3)<\/span>\n <\/p>\n<\/td>\n

\n

\n Represents the noncontrolling interest impact of the adjustments related to subsidiaries that are not wholly owned.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n LIONSGATE STUDIOS CORP.<\/b>
\n <\/span>\n <\/p>\n

\n
\n RECONCILIATION OF NET CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES FROM
CONTINUING OPERATIONS<\/b>
\n <\/span>\n <\/p>\n

\n
\n TO ADJUSTED FREE CASH FLOW<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n Three Months Ended<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n June 30,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n 2025<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n (Unaudited, amounts in millions)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Net Cash Flows Used In Operating Activities – Continuing Operations<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (109.1)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (215.3)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Capital expenditures<\/span>\n <\/p>\n<\/td>\n

\n

\n (3.5)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (4.1)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net borrowings and (repayment) of production and related loans(1)<\/sup>:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Production loans<\/span>\n <\/p>\n<\/td>\n

\n

\n (3.1)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 14.9<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Production tax credit facility<\/span>\n <\/p>\n<\/td>\n

\n

\n 3.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.2)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Adjusted Free Cash Flow<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (111.9)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (204.7)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n\n\n\n
\n

\n
\n ________________<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n (1)<\/span>\n <\/p>\n<\/td>\n

\n

\n See “Reconciliation for Non-GAAP Adjustments for Net Borrowings and (Repayment) of Production and Related Loans” for reconciliation to the most directly comparable GAAP financial measure.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n LIONSGATE STUDIOS CORP.<\/b>
\n <\/span>\n <\/p>\n

\n
\n RECONCILIATION OF NON-GAAP ADJUSTMENTS FOR NET BORROWINGS AND REPAYMENT OF
PRODUCTION AND RELATED LOANS<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n<\/tr>\n
\n

\n The following tables reconcile the non-GAAP adjustments for net borrowings and (repayment) of production and related loans
to the changes in the related balance sheet amounts and the consolidated statement of cash flows:<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n Three Months Ended June 30, 2025<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n Non-GAAP Adjustments to
Adjusted Free Cash Flow<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n Total per GAAP
Balance Sheet
and Statement
of Cash
Flows Amounts<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n Production
Loans<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n Production Tax
Credit Facility<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n Other Film
Related
Obligations<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n (Unaudited, amounts in millions)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Film related obligations at beginning of period (current and non-current)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0 1,983.1<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Cash flows provided by (used in) financing activities – continuing operations:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Borrowings<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 396.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 10.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 143.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 551.1<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Repayments<\/span>\n <\/p>\n<\/td>\n

\n

\n (399.8)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (6.9)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (73.1)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (479.8)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (3.1)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 70.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Cash flows provided by (used in) operating activities – continuing operations:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Included in cash flows provided by (used in) operating activities<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 5.9<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Film related obligations at end of period (current and non-current)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0 2,060.3<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n

\n
\n Three Months Ended June 30, 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n Non-GAAP Adjustments to
Adjusted Free Cash Flow<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n Total per GAAP
Balance Sheet
and Statement
of Cash
Flows Amounts<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n Production
Loans<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n Production Tax
Credit Facility<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n Other Film
Related
Obligations<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n (Unaudited, amounts in millions)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Film related obligations at beginning of period (current and non-current)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0 1,938.0<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Cash flows provided by (used in) financing activities – continuing operations<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Borrowings<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 471.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 12.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 99.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 583.1<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Repayments<\/span>\n <\/p>\n<\/td>\n

\n

\n (459.9)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (12.7)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (85.2)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (557.8)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjustment related to net payments on loans outstanding prior<\/span>\n <\/p>\n

\n to acquisition of eOne<\/span>\n <\/p>\n<\/td>\n

\n

\n 3.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 14.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.2)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 14.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Cash flows provided by (used in) operating activities – continuing operations:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Included in cash flows provided by (used in) operating activities<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 5.2<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Film related obligations at end of period (current and non-current)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0 1,968.5<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n LIONSGATE STUDIOS CORP.
<\/b>
\n USE OF NON-GAAP FINANCIAL MEASURES<\/b>\n <\/p>\n

\n This earnings release presents the following important financial measures utilized by Lionsgate Studios Corp. (the “Company,” “we,” “us” or “our”) that are not all financial measures defined by generally accepted accounting principles (“GAAP”). The Company uses non-GAAP financial measures, among other measures, to evaluate the operating performance of our business. These non-GAAP financial measures are in addition to, not a substitute for, or superior to, measures of financial performance prepared in accordance with United States GAAP.<\/i>\n <\/p>\n

\n
\n Adjusted OIBDA:<\/u>
\n <\/b>\u00a0Adjusted OIBDA is defined as operating income (loss) before adjusted depreciation and amortization (“OIBDA”), adjusted for adjusted share-based compensation (“adjusted SBC”), purchase accounting and related adjustments, restructuring and other costs, certain charges (benefits) related to the COVID-19 global pandemic, certain content charges as a result of management changes and\/or changes in strategy, unallocated rent costs, intersegment profit eliminations and unusual gains or losses (such as goodwill and intangible asset impairment), when applicable.<\/p>\n