Earnings summaries and quarterly performance for STARZ ENTERTAINMENT CORP /CN/.
Research analysts who have asked questions during STARZ ENTERTAINMENT CORP /CN/ earnings calls.
David Joyce
Seaport Research Partners
7 questions for STRZ
Also covers: AMCX, BATRA, EDR +14 more
MH
Matthew Harrigan
The Benchmark Company, LLC
7 questions for STRZ
Also covers: BATRA, CSGS, FWONK +11 more
Brent Penter
Raymond James Financial
4 questions for STRZ
Also covers: FUBO, GOGO, LGF-A +3 more
Thomas Yeh
Morgan Stanley
4 questions for STRZ
Also covers: AMCX, DIS, FUN +4 more
BP
Brent Panter
Raymond James Financial, Inc.
3 questions for STRZ
AG
Alan Gould
Loop Capital
2 questions for STRZ
Also covers: GTN, NFLX, NWSA +3 more
Barton Crockett
Rosenblatt Securities
2 questions for STRZ
Also covers: BATRA, DSP, EEX +17 more
DK
David Karnovsky
JPMorgan Chase & Co.
2 questions for STRZ
Also covers: CCO, CNK, DIS +19 more
RG
Richard Greenfield
LightShed Partners
2 questions for STRZ
Also covers: NFLX, PARA, PINS +7 more
VK
Vikram Kesavabhotla
Robert W. Baird & Co.
2 questions for STRZ
Also covers: DLB, DOCS, GDDY +3 more
DW
Douglas Wardlaw
JPMorgan Chase & Co.
1 question for STRZ
Also covers: MSGS
DW
Doug Wardlaw
JPMorgan
1 question for STRZ
Recent press releases and 8-K filings for STRZ.
Starz Entertainment Reports Strong Q4 2025 Results and Provides 2026 Outlook
STRZ
Earnings
Guidance Update
M&A
- Starz Entertainment reported strong Q4 2025 performance, exceeding its 2025 financial guidance with $204 million in adjusted OIBDA and reaching an all-time high of 12.7 million OTT subscribers.
- For 2026, the company anticipates low single-digit % adjusted EBITDA growth, generating $80 million to $120 million of positive unlevered free cash flow, and reducing leverage to approximately 2.7x from 2.9x at the end of 2025.
- Starz will discontinue reporting subscriber numbers starting with the March 2026 quarter, emphasizing OTT revenue growth, profitability, free cash flow conversion, and delevering.
- The company is strategically focused on increasing content ownership, expanding international revenue streams, and is actively considering M&A opportunities for complementary assets while aiming for a 2.5x leverage target.
1 day ago
Starz Entertainment Reports Strong Q4 2025 Results and Provides 2026 Outlook
STRZ
Earnings
Guidance Update
M&A
- Starz Entertainment exceeded its 2025 financial guidance, achieving $204 million in adjusted OIBDA and an all-time high of 12.7 million OTT subscribers, representing 7.6% year-over-year growth.
- For 2026, the company projects low single-digit percentage adjusted OIBDA growth, $80 million-$120 million in positive unlevered free cash flow, and aims to reduce leverage to approximately 2.7x by year-end from 2.9x in 2025.
- Starz will discontinue disclosing subscriber levels starting with the March 2026 quarter, shifting its focus to OTT revenue growth, profitability, free cash flow conversion, and deleveraging.
- The company is actively pursuing increased content ownership and is positioned to capitalize on M&A opportunities that align with its core demographics, while aiming for a long-term leverage target of 2.5x.
1 day ago
Starz Entertainment Reports Strong Fiscal 2025 Results, Provides 2026 Guidance, and Announces Subscriber Reporting Change
STRZ
Earnings
Guidance Update
M&A
- Starz Entertainment exceeded all financial guidance for fiscal 2025, ending the year with $204 million in adjusted OIBDA and 12.7 million OTT subscribers.
- For 2026, the company expects low single-digit % adjusted EBITDA growth, anticipates generating between $80 million to $120 million of positive unlevered free cash flow, and aims to reduce leverage to approximately 2.7x by year-end.
- Starting with the March 2026 quarter, Starz will no longer disclose subscriber levels, instead focusing on OTT revenue growth, profitability, free cash flow conversion, and delevering.
- The company is strategically focused on deleveraging to 2.5x, increasing content ownership, and is open to M&A opportunities that complement its core demographics while adhering to its leverage targets.
1 day ago
STARZ Reports Q4 2025 Results and Provides 2026 Outlook
STRZ
Earnings
Guidance Update
Revenue Acceleration/Inflection
- STARZ Entertainment Corp. reported consolidated revenue of $322.8 million for the quarter ended December 31, 2025.
- The company's operating loss improved to $(4.7) million, and Adjusted OIBDA grew to $55.5 million for Q4 2025.
- Domestic Over-The-Top (OTT) subscribers reached a record high of 12.7 million, a sequential increase of 370,000, while total U.S. subscribers increased by 170,000 sequentially to 17.6 million.
- STARZ ended the quarter with total net debt of $589.4 million and a trailing twelve-month Adjusted OIBDA Leverage Ratio of 2.9x.
- Management provided a 2026 outlook, expecting to grow Adjusted OIBDA and OTT revenue, delever to approximately 2.7x, and significantly improve free cash flow.
1 day ago
STARZ Reports Fourth Quarter 2025 Financial and Subscriber Results
STRZ
Earnings
Guidance Update
Revenue Acceleration/Inflection
- For the quarter ended December 31, 2025, STARZ reported consolidated revenue of $322.8 million and a net loss of $(20.7) million.
- The company achieved Adjusted OIBDA of $55.5 million for the fourth quarter, contributing to an annual trailing-twelve-month Adjusted OIBDA of $204.0 million as of December 31, 2025.
- Domestic OTT subscribers reached a record 12.7 million, reflecting a sequential increase of 370,000 and a 7.6% year-over-year growth. Total U.S. subscribers increased by 170,000 sequentially to 17.6 million.
- STARZ ended the quarter with total net debt of $589.4 million and a trailing twelve-month Adjusted OIBDA Leverage Ratio of 2.9x.
- Management provided a 2026 outlook, expecting to grow Adjusted OIBDA and OTT Revenue, delever to approximately 2.7x, and significantly improve Free Cash Flow.
1 day ago
STRZ Reports Q3 2025 Results and Updates Strategic Initiatives
STRZ
Earnings
Guidance Update
New Projects/Investments
- Starz reported Q3 2025 total revenue of $321 million and adjusted OIBDA of $22 million.
- The company added 110,000 US OTT subscribers in Q3 2025, bringing the total to 12.3 million, and anticipates continued growth in Q4.
- Starz reaffirmed its FY 2025 adjusted OIBDA guidance of approximately $200 million and expects to achieve a leverage ratio of approximately 3.1 times by year-end.
- A strategic shift in Canada involves moving from a joint venture to a content licensing agreement with Bell Canada, which is expected to generate international licensing revenue and will result in Canadian subscribers no longer being reported from Q4.
- The company is actively pursuing content ownership, with its first Starz-owned original "Fightland" in production, and projects content investment to decrease year-over-year in 2026.
Nov 13, 2025, 10:00 PM
STARZ Entertainment Corp. Reports Third Quarter 2025 Results
STRZ
Earnings
Guidance Update
- For the third quarter ended September 30, 2025, STARZ Entertainment Corp. reported total revenue of $320.9 million and a net loss of $(52.6) million, or $(3.15) per share.
- The company's operating loss was $(34.8) million and Adjusted OIBDA was $21.8 million for the quarter.
- As of September 30, 2025, STARZ had 12.29 million U.S. Over-The-Top (OTT) subscribers, a sequential increase of 110,000, while total U.S. subscribers decreased by 130,000 from the prior quarter to 17.46 million due to continued pressure on linear subscribers.
- Total North American subscribers increased sequentially by 120,000 to 19.20 million, primarily driven by a 250,000 increase in Canadian subscribers due to the resolution of a carriage dispute.
- Management reiterated all previously provided 2025 outlook.
Nov 13, 2025, 9:05 PM
Starz Entertainment Corp. Reports Q3 2025 Financial and Subscriber Results
STRZ
Earnings
Guidance Update
Demand Weakening
- Starz Entertainment Corp. reported total revenue of $320.9 million and a net loss of $(52.6) million for the third quarter ended September 30, 2025, resulting in a net loss per share of $(3.15).
- The company recorded an operating loss of $(34.8) million and Adjusted OIBDA of $21.8 million for the quarter.
- U.S. Over-The-Top (OTT) subscribers reached 12.29 million as of September 30, 2025, representing a sequential increase of 110,000 and year-to-date growth of 520,000. Total North American subscribers increased sequentially by 120,000 to 19.2 million, partly due to a 250,000 increase in Canadian subscribers following the resolution of a carriage dispute.
- Starz ended the quarter with total net debt of $588.1 million and a total Adjusted OIBDA Leverage Ratio of 3.4x for the trailing twelve-month period ended September 30, 2025.
- Management reiterated all previously provided 2025 outlook.
Nov 13, 2025, 9:03 PM
Quarterly earnings call transcripts for STARZ ENTERTAINMENT CORP /CN/.
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