Review: Led by Woody Harrelson and Jesse Eisenberg as illusionists with a penchant for pulling off heists, the "Now You See Me" series returns with a stale sequel and a trio of fresh young faces. https://t.co/Ef3qXzqx1I ...

Core Insights - Lionsgate Studio's revenue declined for the three months ending in September, missing Wall Street forecasts due to fewer film releases and the timing of episodic TV deliveries [1][2] - The company reported an adjusted profit that exceeded expectations, with earnings per share (EPS) in line with forecasts [1] - CEO Jon Feltheimer indicated that the company is positioned for strong growth over the next 18 months with a robust film slate and renewed television series [1] Financial Performance - The Motion Picture segment generated revenue of $276.4 million, down from $409 million, with only two wide releases compared to five the previous year [1] - Profit in the Motion Picture segment increased to $30.5 million from $1.7 million [1] - Television Production revenue fell to $198.7 million, reflecting the timing of episodic deliveries, with TV profit decreasing to $12.5 million from $24.4 million [2] Consolidated Results - Consolidated revenue was reported at $475 million, down from $604 million [3] - The company achieved a record $1 billion in trailing 12-month library revenue, showcasing its portfolio of intellectual property [3] - Feltheimer expressed optimism for significant growth in the upcoming quarters and through fiscal 2027 [3] Market Reaction - Shares of Lionsgate dipped 3% in late trading following the earnings report, despite a recent increase in stock value [4] - Notably, billionaire investor Steven Cohen increased his stake in the company, acquiring over 10 million shares valued at more than $64 million [4] Upcoming Releases - Lionsgate announced the first trailer for "Michael," a biopic about Michael Jackson, set for theatrical release in April [5] - The film features Jaafar Jackson as the lead and highlights both his off-stage life and iconic performances [6] - There are indications of a potential two-part release, which may be clarified in an upcoming post-earnings call [7]