STRZ

Starz's Q2 revenues beat estimates, but higher costs widen losses as OTT gains are offset by weaker linear revenues and restructuring charges.

Starz Entertainment Corp. has seen recent technical momentum mostly driven by consolidation speculation. STRZ's Q2 showed stable OIBDA growth but negative unlevered free cash flow and persistent leverage above $600 million; there is definitely room for improvement with fundamental growth. Management focuses on cost discipline and original content, but lacks bold strategic pivots in AVOD or expansion into multiplex-film distribution.

Starz Entertainment NASDAQ: STRZ reported second-quarter results that management said reflected improving streaming revenue, audience engagement and free-cash-flow generation, prompting the company to raise its full-year adjusted OIBDA growth outlook and increase its unlevered free cash flow guidance.

Starz Entertainment Corp. (STRZ) came out with a quarterly loss of $1.26 per share versus the Zacks Consensus Estimate of a loss of $0.27. This compares to a loss of $2.23 per share a year ago.

Starz CEO Jeff Hirsch said total subscribers rose in the second quarter despite a price increase taking effect during the period. Speaking to Wall Street analysts Friday on the company's quarterly earnings call, Hirsch declined to state a number of subscribers, in keeping with the company's decision to stop breaking out that metric.

STARZ Increases 2026 Outlook for Adjusted OIBDA and Unlevered Free Cash Flow 1 and Reaffirms Year-end Leverage Target of 2.7x 2 Positive Year-over-Year OTT Revenue Growth Raising 2026 Outlook Targets for Adjusted OIBDA and Unlevered Free Cash Flow2 Reiterating 2026 Outlook Targets for Positive OTT Revenue Growth and 2.7x Adjusted OIBDA Leverage2 Reiterating 20% Adjusted OIBDA Margin Outlook for the Second Half of 20272 SANTA MONICA, Calif. and VANCOUVER, BC, Aug. 7, 2026 /PRNewswire/ -- STARZ (NASDAQ: STRZ) today reported results for the quarter ended June 30, 2026.

SANTA MONICA, Calif., July 1, 2026 /PRNewswire/ -- STARZ (NASDAQ: STRZ) announced today the company will report its second quarter financial results for 2026, ended June 30, 2026, on Friday, August 7.

YouTube's Tara Walpert Levy Headlines an Expanded Agenda as StreamTV Show Continues Momentum Toward Its Biggest Event Yet June 16-19 in Denver YouTube's Tara Walpert Levy Headlines an Expanded Agenda as StreamTV Show Continues Momentum Toward Its Biggest Event Yet June 16-19 in Denver

Starz Entertainment remains a compelling "Buy," with strong tailwinds and an attractive valuation despite doubling YTD. Exiting the unprofitable Universal Pay Two deal accelerates STRZ's path to a 20% OIBDA margin by late 2027. Byron Allen's 11% stake and takeover interest provide a potential catalyst, but STRZ is undervalued even without a deal.

Starz Entertainment NASDAQ: STRZ executives said the company delivered a strong first quarter of fiscal 2026 and is moving faster than previously expected toward its long-term margin target, aided by content cost reductions, pricing discipline and a shift toward owned original programming.