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Lionsgate Studios vs Starz Entertainment: revenue, profit, margins and growth compared

Lionsgate Studios brought in $2.6B of revenue in fiscal 2026, Starz Entertainment $1.4B in fiscal 2025. Revenue changed by +1.8% at Lionsgate Studios and -1.6% at Starz Entertainment on the year before, so Lionsgate Studios grew faster. Lionsgate Studios kept -7.5% of its revenue as net profit, Starz Entertainment -15.4%. Free cash flow was $11.4M at Lionsgate Studios and -$63.6M at Starz Entertainment.

Side by side, latest fiscal year

LIONSTRZ
Fiscal year endedFY2026 (March 31, 2026)FY2025 (March 31, 2025)
Revenue$2.6B$1.4B
Revenue growth+1.8%-1.6%
Net income-$198.3M-$211.2M
Net margin-7.5%-15.4%
Free cash flow$11.4M-$63.6M
Free cash flow margin0.4%-4.6%
Earnings per share (diluted)-$0.70-$12.63
Cash$341.5M$17.8M
Debt$1.9B$699.9M
Price to earningsn/an/a
Market value$3.2B$360.8M
Dividend yieldn/an/a
Rank by revenue in sector#313 of 778 · Consumer discretionary#415 of 778 · Consumer discretionary

Over the years

Revenue
LION FY2023: $3.1BLION FY2025: $2.5BLION FY2025: $2.6BLION FY2026: $2.6BSTRZ FY2018: $4.1BSTRZ FY2019: $3.7BSTRZ FY2020: $3.9BSTRZ FY2021: $3.3BSTRZ FY2022: $3.6BSTRZ FY2023: $1.4BSTRZ FY2024: $1.4BSTRZ FY2025: $1.4BFY18FY19FY20FY21FY22FY23FY24FY25FY26
LION $2.6BSTRZ $1.4B
Net income
LION FY2021: -$18.9MLION FY2022: -$188.2MLION FY2023: -$2BLION FY2025: -$1.1BLION FY2025: -$362MLION FY2026: -$198.3MSTRZ FY2018: $473.6MSTRZ FY2019: -$284.2MSTRZ FY2020: -$188.4MSTRZ FY2021: -$18.9MSTRZ FY2022: -$188.2MSTRZ FY2023: -$1.9BSTRZ FY2024: -$915.2MSTRZ FY2025: -$211.2MFY18FY19FY20FY21FY22FY23FY24FY25FY26
LION -$198.3MSTRZ -$211.2M
Net margin
LION FY2023: -65.2%LION FY2025: -45.0%LION FY2025: -14.0%LION FY2026: -7.5%STRZ FY2018: 11.5%STRZ FY2019: -7.7%STRZ FY2020: -4.8%STRZ FY2021: -0.6%STRZ FY2022: -5.2%STRZ FY2023: -131.5%STRZ FY2024: -65.7%STRZ FY2025: -15.4%FY18FY19FY20FY21FY22FY23FY24FY25FY26
LION -7.5%STRZ -15.4%
Revenue growth
LION FY2025: -20.5%LION FY2025: +5.5%LION FY2026: +1.8%STRZ FY2019: -10.9%STRZ FY2020: +5.7%STRZ FY2021: -15.9%STRZ FY2022: +10.2%STRZ FY2023: -60.5%STRZ FY2024: -2.1%STRZ FY2025: -1.6%FY19FY20FY21FY22FY23FY24FY25FY26
LION +1.8%STRZ -1.6%
Free cash flow
LION FY2023: $339.6MLION FY2025: $386.9MLION FY2025: -$179.5MLION FY2026: $11.4MSTRZ FY2018: $340.5MSTRZ FY2019: $383.7MSTRZ FY2020: $583.5MSTRZ FY2021: -$35.5MSTRZ FY2022: -$694MSTRZ FY2023: -$472.6MSTRZ FY2024: -$152.2MSTRZ FY2025: -$63.6MFY18FY19FY20FY21FY22FY23FY24FY25FY26
LION $11.4MSTRZ -$63.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about Lionsgate Studios and Starz Entertainment

Which is bigger by revenue, Lionsgate Studios or Starz Entertainment?

Lionsgate Studios is bigger by revenue: $2.6B in fiscal 2026, against $1.4B for Starz Entertainment in fiscal 2025.

Which keeps more of its revenue as profit, Lionsgate Studios or Starz Entertainment?

Lionsgate Studios had a net margin of -7.5% in fiscal 2026; Starz Entertainment had -15.4% in fiscal 2025.

Which grew revenue faster, Lionsgate Studios or Starz Entertainment?

In their latest fiscal years revenue changed by +1.8% at Lionsgate Studios and -1.6% at Starz Entertainment.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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