‘The Housemaid,’ ‘Now You See Me 3’ Boosts Lionsgate Profits
Hit films like “The Housemaid” and “Now You See Me: Now You Don’t” helped boost Lionsgate’s quarterly profits, offsetting a weaker period in its television business. The studio’s revenues rose 15.3% to $724.3 million. However, losses at the company widened from $21.9 million to $46.2 million, with the company reporting a loss of 16 cents per share, compared to 9 cents in the same period last year.
“I am pleased to report a quarter that keeps us on track for our fiscal 2026 financial goals and positions us for significant growth in fiscal 2027 and beyond,” Lionsgate CEO Jon Feltheimer said in a statement. “Our investment in our IP portfolio is delivering the intended results: our film and television pipelines are strong, our library continues to grow and our expansion of franchise properties across multiple platforms continues to accelerate.”
Lionsgate’s film segment, which has struggled in recent years, showed signs of revival. Revenue grew 35% year over year to $421.2 million thanks to the releases of “The Housemaid” and “Now You See Me: Now You Don’t,” two mid-budget hits. However, a large portion of “The Housemaid’s” box office revenue will come into play next quarter, as the film was released on December 19, with just a few weeks left in the reporting period. Segment profit decreased from $82.7 million to $58.5 million, which was impacted by higher marketing spend on films released in the quarter.
Lionsgate’s television The segment saw revenue fall 25% to $303.1 million, while profit for the division fell slightly from $60.9 million to $55.7 million. The studio attributed the decline to “the timing of episodic deliveries,” which it said was offset by licensing fees for its library of shows.
Shares of Lionsgate rose slightly in after-hours trading, with the stock hovering just below $9 per share. The company looks noticeably leaner after spinning off its streaming platform Starz in 2025.
