Net Loss Per Share

3 Months Ended

Jun. 30, 2026

Basic net loss per share is calculated based on the weighted average common shares outstanding for the period. As a result of the Starz Separation, weighted average common shares outstanding, basic and dilutive, prior to May 6, 2025 reflect pre-transaction Old Lionsgate Class A Shares multiplied by one and twelve one-hundredths (1.12) and pre-transaction Old Lionsgate Class B Shares. The LG Studios Flip is reflected as of May 6, 2025. Basic and diluted net income (loss) per share for the three months ended June 30, 2026 and 2025 is presented below:


	Three Months Ended
	June 30,
		2026		2025
		(Amounts in millions, except per share amounts)
Basic and Diluted Net Income (Loss) Per Common Share:
Numerator:
Net loss from continuing operations		$	(28.8)	$	(94.0)
Less: Accretion of redeemable noncontrolling interest		(0.4)		—
Net loss from continuing operations after accretion of redeemable noncontrolling interest		(29.2)		(94.0)
Net loss from discontinued operations		—		(14.9)
Net loss attributable to Lionsgate Studios Corp. shareholders after accretion of redeemable noncontrolling interest		$	(29.2)	$	(108.9)
Denominator:
Weighted average common shares outstanding		291.6		272.3

Basic and diluted net loss per common share - continuing operations		$	(0.10)	$	(0.35)
Basic and diluted net loss per common share - discontinued operations		—		(0.05)
Basic and diluted net loss per common share		$	(0.10)	$	(0.40)

As a result of the net loss from continuing operations in the three months ended June 30, 2026 and 2025, the dilutive effect of the share purchase options, restricted share units (“RSUs”), and contingently issuable shares were considered anti-dilutive and, therefore, excluded from diluted net loss per share. The weighted average anti-dilutive shares excluded from the calculation due to the net loss for the three months ended June 30, 2026 totaled 10.4 million (three months ended June 30, 2025 - 2.4 million).

Additionally, for the three months ended June 30, 2026 and 2025, the outstanding issuable common shares presented below were excluded from diluted net loss per common share because their inclusion would have had an anti-dilutive effect regardless of net income or loss in the period:


	Three Months Ended
	June 30,
		2026	2025
		(Amounts in millions)
Anti-dilutive shares issuable
Share purchase options		7.7	17.0
Restricted share units		—	0.1
Other issuable shares		11.2	3.3
Total weighted average anti-dilutive shares issuable excluded from diluted net loss per common share		18.9	20.4