☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from____________ to____________Commission File No.: 001-42635_______________________________________________________ Lionsgate Studios Corp.(Exact name of registrant as specified in its charter) ____________________________________________________________________________________________________ N/A (I.R.S. Employer Identification No.) (State or other jurisdiction of incorporation or organization) 250 Howe Street, 20th FloorVancouver, British Columbia V6C 3R8and2700 Colorado AvenueSanta Monica, California 90404(Address of principal executive offices)____________________________________________________________________________________________________ (877) 848-3866(Registrant’s telephone number, including area code)____________________________________________________________________________________________________ Name of Each Exchange on Which Registered New York Stock Exchange Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and(2)has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and "emerging growth company" in Rule12b-2 of the Exchange Act. (Check one): Large accelerated filer☑Non-accelerated filer☐ Accelerated filerSmaller reporting companyEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date. Outstanding at February 2, 2026290,187,242 shares Title of Each Class Common Shares, no par value per share LIONSGATE STUDIOS CORP.FORM 10-QFor the Quarterly Period Ended December 31, 2025 TABLE OF CONTENTS PART I — FINANCIAL INFORMATION Item 1.Unaudited Financial Statements5Condensed Consolidated Balance Sheets at December 31, 2025 and March 31, 20255Condensed Consolidated Statements of Operations for the Three and Nine Months Ended December 31,2025 and 20246Condensed Consolidated Statements of Comprehensive Loss for the Three and Nine Months EndedDecember 31, 2025 and 20247Condensed Consolidated Statements of Equity (Deficit) for the Three and Nine Months Ended December31, 2025 and 20248Condensed Consolidated Statements of Cash Flows for the Nine Months Ended December 31, 2025 and202410Notes to Condensed Consolidated Financial Statements12Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations50Item 3.Quantitative and Qualitative Disclosures About Market Risk85Item 4.Controls and Procedures87PART II — OTHER INFORMATIONItem 1.Legal Proceedings88Item 1A.Risk Factors88Item 2.Unregistered Sales of Equity Securities and Use of Proceeds88Item 3.Defaults Upon Senior Securities88Item 4.Mine Safety Disclosures88Item 5.Other Information88Item 6.Exhibits89 Signatures FORWARD-LOOKING STATEMENTS This report includes statements that are, or may be deemed to be, “forward-looking statements” within the meaning of Section 27A of theSecurities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the“Exchange Act”). These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities LitigationReform Act of 1995. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms“anticipates,” “believes,” “continue,” “could,” “estimates,” “expects,” “forecasts,” “intends,” “may,” “might,” “plans,” “possible,”“potential,” “predicts,” “projects,” “seek,” “should,” “targets,” “will,” “would” or, in each case, their negative or other variations orcomparable terminology. These forward-looking statements include all matters that are not historical facts. They appear in a number ofplaces throughout this report and include statements regarding our intentions, beliefs