LION
Lionsgate Studios Corp.
LION has lower modeled downside risk, despite its lower overall score.
RDDT
Reddit, Inc.
RDDT has the edge over LION overall, supported by stronger fundamentals and stronger modeled upside.
LION Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Healthy | |
| Weak |
LION's revenue and cash flow are currently healthy, and its profitability is stable, but its balance sheet is weak.
RDDT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
RDDT's revenue, profitability, cash flow and balance sheet are all currently healthy.
LION PE Valuation
LION has no meaningful PE right now: it lost money over the past year.
RDDT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 16x | $99.55 | — |
| Current | 20x | $99.55 | — |
| Cheap | 35x | $171 | +72% |
| Fair | 46x | $228 | +129% |
| Expensive | 53x | $262 | +163% |
Historical ranges are pointers, not guarantees.
RDDT's PE is 20x, but its earnings don't support one, so it isn't a reliable read right now.
LION Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect LION's earnings to grow and its profitability to improve, with its revenue holding steady.
RDDT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Low |
RDDT has the edge over LION on the outlook, with more favorable revenue expectations.
LION Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.32 | — |
| Q3 2026 | -$0.06 | +$0.61 |
| Q2 2026 | -$0.40 | +$0.27 |
| Q1 2026 | -$0.70 | -$0.19 |
| Q4 2025 | -$0.85 | $0.00 |
| Q3 2025 | -$0.67 | +$0.34 |
| Q2 2025 | -$0.67 | -$0.10 |
| Q1 2025 | -$0.51 | -$0.11 |
| Q4 2024 | -$0.85 | -$0.61 |
RDDT has the stronger earnings trend. Trailing diluted EPS is down 109% for LION versus RDDT down 39%.
RDDT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.32 | +29% |
| Q3 2024 | -$7.98 | -$7.17 |
| Q2 2024 | -$8.19 | -$7.15 |
| Q1 2024 | -$8.38 | -$7.25 |
| Q4 2023 | -$0.56 | +$0.41 |
| Q3 2023 | -$0.81 | -$0.02 |
| Q2 2023 | -$1.04 | -$0.48 |
| Q1 2023 | -$1.13 | -$0.48 |
| Q4 2022 | -$0.97 | -$0.19 |
RDDT has returned to profit: it earned $4.90 per share over the past year, after losing money the year before.
LION Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $668.8M | +41% |
| Q2 2026 | $776.6M | +48% |
| Q1 2026 | $906.5M | -15% |
| Q4 2025 | $724.3M | +1.5% |
| Q3 2025 | $475.1M | -57% |
| Q2 2025 | $525.9M | +8% |
| Q1 2025 | $1.1B | +22% |
| Q4 2024 | $713.8M | +3.2% |
LION's revenue is recovering but still below its 2024 peak: $669M last quarter, up 41% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.3% | +14 points |
| Q2 2026 | 3.3% | +5.3 points |
| Q1 2026 | 13% | +4.2 points |
| Q4 2025 | 5% | -2 points |
| Q3 2025 | -9.7% | -17 points |
| Q2 2025 | -2% | +2.6 points |
| Q1 2025 | 8.8% | +6.6 points |
| Q4 2024 | 7% | +5.9 points |
LION's operating margin was 4.3% last quarter, up 14 points from the same quarter a year ago.
RDDT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $895M | +53% |
| Q2 2026 | $804.9M | +61% |
| Q1 2026 | $663.4M | +69% |
| Q4 2025 | $725.6M | +70% |
| Q3 2025 | $584.9M | +68% |
| Q2 2025 | $499.6M | +78% |
| Q1 2025 | $392.4M | +61% |
| Q4 2024 | $427.7M | +71% |
RDDT has the edge over LION on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 29% | +5.5 points |
| Q2 2026 | 29% | +15 points |
| Q1 2026 | 28% | +27 points |
| Q4 2025 | 32% | +20 points |
| Q3 2025 | 24% | +22 points |
| Q2 2025 | 14% | +25 points |
| Q1 2025 | 1% | +244 points |
| Q4 2024 | 12% | +11 points |
RDDT has the edge over LION on profitability, with a higher operating margin.
LION Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$56.3M | +$50.9M |
| Q2 2026 | $51.2M | +$85.7M |
| Q1 2026 | $265M | +5% |
| Q4 2025 | -$111.9M | +$52.6M |
| Q3 2025 | -$107.2M | -$20.7M |
| Q2 2025 | -$34.5M | +$128.5M |
| Q1 2025 | $252.5M | +206% |
| Q4 2024 | -$164.5M | -230% |
LION's free cash flow has turned positive after two years mostly in the red: $148M over the past year.
RDDT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $362.6M | +98% |
| Q2 2026 | $260.7M | +135% |
| Q1 2026 | $311.2M | +146% |
| Q4 2025 | $263.6M | +196% |
| Q3 2025 | $183.1M | +161% |
| Q2 2025 | $110.8M | +308% |
| Q1 2025 | $126.6M | +333% |
| Q4 2024 | $89.2M | +$111.2M |
RDDT has the edge over LION on cash flow, with more consistent year-over-year improvement.
LION Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.1% | +6M shares |
| 1 year | +2.9% | +8.4M shares |
| 3 years | +3.1% | +8.9M shares |
| 5 years | +1757% | +282M shares |
LION has 298M diluted shares, up 2.9% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
RDDT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -169K shares |
| 1 year | -0.4% | -868K shares |
| 3 years | +24% | +38.5M shares |
| 5 years | +24% | +38.5M shares |
RDDT has the edge over LION on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $100.4M |
| Q2 2026 | $234.6M |
| Q1 2026 | $5M |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | $4.2M |
| Q4 2022 | — |
LION Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 6.6x | High |
| Q2 2026 | 9.8x | High |
| Q1 2026 | 14.0x | High |
| Q4 2025 | 2.6x | Moderate |
| Q3 2025 | 1.7x | Healthy |
| Q2 2025 | 1.1x | Healthy |
| Q1 2025 | 1.0x | Very low |
| Q4 2024 | 3.8x | Elevated |
LION's net debt is about 6.6 years of its operating earnings (EBITDA), up from 1.7 years a year ago.
RDDT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.5x | Net Cash |
| Q2 2026 | -1.9x | Net Cash |
| Q1 2026 | -2.2x | Net Cash |
| Q4 2025 | -2.1x | Net Cash |
| Q3 2025 | -3.3x | Net Cash |
| Q2 2025 | -5.0x | Net Cash |
| Q1 2025 | -13.1x | Net Cash |
RDDT has the edge over LION on leverage, with a lower net debt burden relative to earnings.
LION Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.1 | Neutral |
| Stochastic | 82.6 | Overbought |
LION's weekly RSI is 62 (neutral) and its Stochastic is 83 (overbought).
RDDT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.8 | Neutral |
| Stochastic | 6.5 | Oversold |
RDDT's weekly RSI is 35 (neutral) and its Stochastic is 6 (oversold).
LION PE vs Communication Services Sector
LION has no meaningful PE right now: it lost money over the past year.
RDDT PE vs Communication Services Sector
| Metric | RDDT | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 16x | 23% above |
| PE % | 5 | 23 | 18 pts below |
RDDT is trading at 20x earnings, a 23% premium to the Communication Services sector's median of 16x, though its earnings don't support one.
LION Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $12.1 | 16% above |
| 20 week MA | $12.3 | 14% above |
| 50 week MA | $11.4 | 23% above |
LION has stronger trend alignment. LION is above 3 of 3 weekly averages versus RDDT above 0 of 4.
RDDT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $130.6 | 24% below |
| 20 week MA | $151.7 | 34% below |
| 50 week MA | $165.0 | 40% below |
| 100 week MA | $167.1 | 40% below |
RDDT is in a downtrend: it's below all four of its weekly moving averages, and 40% below its 100-week average.
LION Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $7.12 | $9.31 | +31% |
| 2026 YTD | $9.31 | $14.1 | +51% |
LION has the edge over RDDT on returns for 2026, with the stronger performance.
RDDT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $46.0 | $173.5 | +277% |
| 2025 | $173.5 | $225.8 | +30% |
| 2026 YTD | $225.8 | $99.6 | -56% |
RDDT has finished every year since 2024 higher, and it's down 56% so far in 2026.