Adjusted OIBDA was $72.0 million in the quarter. Adjusted net income from continuing operations attributable to shareholders in the quarter was $20.3 million, or $0.07 adjusted diluted net income per share on 302 million diluted weighted average common shares outstanding.
“Our strong performance in the quarter reflects all of the pieces of our fiscal 2027 plan coming together, reaffirming our confidence in this year’s forecast of significant adjusted OIBDA growth,” said Lionsgate CEO Jon Feltheimer. “We had very positive momentum in the quarter as we continued to set in place our film tentpoles for the next three years. Combined with another great library performance and continued encouraging signs in our broader operating environment, we have growing visibility into our continued growth trajectory in fiscals 2028 and 2029.”
Trailing 12-month library revenue was $1.04 billion, the studio’s second highest ever. Filmed entertainment backlog (contractual future revenue not yet recognized) was $1.5 billion. Driven by continued growth in trailing 12-month adjusted OIBDA, leverage improved by 0.6x from the June quarter to 3.7x.
Second Quarter Segment Results
Motion Picture segment revenue increased 30% year-over-year to $359.3 million, and segment profit increased significantly year-over-year to $88.7 million. The results were driven by the ongoing contribution of Michael and continued library strength.
Television Production segment revenue increased 56% year-over-year to $309.5 million, and segment profit increased 73% versus the prior year to $21.6 million. The results were driven by a significant increase in scripted episodic deliveries, including Power: Origins and the second seasons of The Studio and The Hunting Wives. The Company anticipates doubling scripted deliveries in fiscal 2027 relative to fiscal 2026.
Lionsgate senior management will hold its analyst and investor conference call to discuss fiscal 2027 second quarter results today, November 5, at 5:00 PM ET/2:00 PM PT. Interested parties may listen to the live webcast by visiting the events page on the Lionsgate Investor Relations website. Alternatively, interested parties can join the webcast directly via the following link. A full replay will become available this evening by clicking the same link.
