Starz Entertainment Corp.

STRZ

$26.92

+0.07%

2026-09-03 16:00:00 EDT+$0.02

Communication Services

Entertainment

NASDAQ

Active Trading

Starz Entertainment Corp. offers its premium, subscription-based video content to viewers throughout the United States and Canada. The company primarily focuses on ...

Price Action of STRZ

$26.92

+0.07%+$0.02

High—

Low—

52W High-17.4%

Rel. vol—

Interval

Range5.4h

Volume—SMA5SMA10

—

Starz Entertainment Corp. (NASDAQ: STRZ) operates the STARZ premium entertainment service, delivering subscription-based video content to viewers primarily across the United States and Canada. The company’s core business model centers on licensing and producing entertainment programming—particularly branded television and film content—and distributing it through direct-to-consumer streaming experiences on major OTT ...Starz Entertainment Corp. (NASDAQ: STRZ) operates the STARZ premium entertainment service, delivering subscription-based video content to viewers primarily across the United States and Canada. The company’s core business model centers on licensing and producing entertainment programming—particularly branded television and film content—and distributing it through direct-to-consumer streaming experiences on major OTT platforms as well as through MVPD/distribution relationships that extend STARZ to additional subscriber bases. STARZ typically markets its streaming offering as an “on-demand and ad-free” premium experience, featuring original series and movies alongside curated entertainment libraries. Consumers access the service through the STARZ application on supported devices and platforms, while traditional distributors can offer STARZ through bundled or authenticated pay-TV/online video experiences. This hybrid distribution approach helps the company balance brand visibility with subscriber growth opportunities across different viewing ecosystems. From a business and cost perspective, premium entertainment businesses generally have significant content-related costs, including programming acquisition/licensing, production and development expenses, and ongoing rights management, along with technology and platform costs to maintain streaming delivery. In the financial snapshot provided, several profitability and cash flow ratios appear weak in the most recent trailing period, which is consistent with the idea that entertainment platforms may carry meaningful fixed and content costs alongside seasonality and licensing/production timing. In terms of market and performance context, STARZ operates within the broader Communication Services and Entertainment segments and competes for viewer attention against other streaming and pay-TV content providers. The company’s strategy emphasizes differentiated content—often positioned as appealing to women and underrepresented audiences—and franchise-based programming that can drive recurring subscriptions and customer engagement. Key people include Jeffrey A. Hirsch, who serves as President and CEO, shaping STARZ’s overall programming and business strategy. STARZ traces its origins to July 10, 1997, and is domiciled/incorporated in Canada, reflecting its Canadian-American footprint. As of the latest provided information, the company’s headquarters is in Santa Monica, California, and its public website is https://www.starz.com.ExpandCollapse

Founded

1997

Employees

517

CEO

Jeffrey A. Hirsch

Full Name

Starz Entertainment Corp.

Sector

Communication Services

Industry

Entertainment

ROE

-82.08%

Market Cap

$0.45B

Current Ratio

0.25

WACC

9.34%

ROIC

-213.37%

Contact Information

https://www.starz.com

877-848-3866

1647 Stewart Street, Santa Monica, CA 90404

Key Metrics of STRZ

Snapshot

Latest / TTM · 6 periods

Market Cap

$451.97M

ROCE

-19.9%

EV / EBITDA

2.89x

-6.8% YoY

FCF Yield

-4.9%

-5.5% YoY

Cash Conversion Cycle

-34.2d

Current Ratio

0.25

Quick take

TTM —

Current ratio below 1.0

Negative working capital

Financial Highlights of STRZ

Profitability trend

Latest / TTM · 6 periods

Gross Margin

69.3%

Net Margin

-34.0%

P/E Ratio

-1.06x

n/a

Debt / Equity

2.26

n/a

Current Ratio

0.25

Dividend Yield

0.0%

Understanding

TTM —

Current ratio below 1.0

High debt to equity

Calendar of STRZ

Upcoming

Mar 31, 2027
FY2027 · Estimated annual results
Est. EPS $-17.14 · Revenue $1.26B · 1 analysts
Mar 31, 2028
FY2028 · Estimated annual results
Est. EPS $-4.04 · Revenue $1.26B · 1 analysts
Sep 30, 2028
Q2 FY2029 · Estimated results
Est. EPS $-1.95 · Revenue $316.01M · 1 analysts
Dec 30, 2028
Q3 FY2029 · Estimated results
Est. EPS $-0.98 · Revenue $320.13M · 1 analysts

Recent history

Aug 7, 2026
Q1 FY2027 · Results reported
EPS $-11.27 · Revenue $307.90M
View filing
May 7, 2026
FY2026 · Annual results
EPS $-9.83 · Revenue $306.90M
View filing
Dec 31, 2025
Q3 FY2026 · Results reported
EPS $-1.24 · Revenue $322.80M
Nov 13, 2025
Q2 FY2026 · Results reported
EPS $-3.15 · Revenue $320.90M
View filing
Aug 14, 2025
Q1 FY2026 · Results reported
EPS $-2.54 · Revenue $319.70M
View filing
Jun 26, 2025
FY2025 · Annual results
EPS $-12.64 · Revenue $1.37B
View filing

Financial Statements of STRZ

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$306.9M	-77.6%	+0.3%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$-164.9M	+21.9%	-14.9%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+100.0%	+105.2%	+206.6%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	-49.8%	-5077.4%	-1176.9%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	-53.7%	-248.4%	-14.5%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$1.3M	+102.0%	-148.6%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+0.4%	+109.1%	-148.5%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	128.3%	-9.6%	+76.3%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	0.31x	+13.1%	-18.4%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$1.8B	-17.7%	-6.5%

Actual vs Estimate

A Mar 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	-9.83 vs -7.92	-24.2%	-11.27 vs -1.95	-478.2%
Revenue Surprise	$306.9M vs $1.3B	-76.3%	$307.9M vs $316.0M	-2.6%

Insider Transactions of STRZ

Acquisitions (A)

Since Aug 4, 2026

Disposals (D)

Since Aug 4, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Aug 13, 2026	Hoffman Alison	officer: President of Starz Networks	Common Shares	D	10,455	$24.97
Aug 13, 2026	Hoffman Alison	officer: President of Starz Networks	Common Shares	D	1,036	$26.09
Aug 12, 2026	Hoffman Alison	officer: President of Starz Networks	Common Shares	D	20,400	$24.97
Aug 12, 2026	Hoffman Alison	officer: President of Starz Networks	Common Shares	D	400	$25.57
Aug 10, 2026	Kapenstein James M.	officer: SEE REMARKS	Common Shares	A	1,000	$25.73

Earnings Call Transcript of STRZ

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Good day, and thank you for standing by. Welcome to the STARZ second quarter 2026 earnings conference call. [Operator Instructions] Please be advised that today's conference is being recorded. I'd like to hand the conference over to your speaker today, Nilay Shah, Head of Investor Relations. Please go ahead. Nilay Shah: Thank you for joining us for STARZ Entertainment's second quarter 2026 earnings call. We'll begin with opening remarks from our President and CEO, Jeffrey Hirsch, followed by remarks from our CFO, Scott MacDonald. Also joining us on the call today is Alison Hoffman, President of STARZ Networks. After our opening remarks, we will open the call for questions. The matters discussed on this call include forward-looking statements, including those regarding expected future performance. Such statements are subject to a number of risks and uncertainties. Actual results could differ materially and adversely from those described in the forward-looking statements as a result of various factors. This includes the risk factors set forth in our most recently filed Form 10-KT for STARZ Entertainment Corp. STARZ undertakes no obligation to update these forward-looking statements due to new information or any future events unless required by law. The matters discussed today will also include non-GAAP financial measures and key performance indicators. These non-GAAP measures include adjusted OIBDA, unlevered free cash flow, equity free cash flow, and net debt. The reconciliation for these to the most directly comparable U.S. GAAP measures and additional required information is available in the 8-K we filed this morning, which is available on the STARZ Investor Relations website at investors.starz.com. This non-GAAP financial information is not intended to be considered in isolation or as a substitute for financial information presented in accordance with U.S. GAAP. I'll now turn the call over to Jeff. Jeffrey Hirsch: Thank you, Nilay, and thank you all for joining us this morning. We delivered another strong quarter and entered the back half of 2026 with significant momentum across the business. We just completed a strong weekend with the penultimate episode of Raising Kanan Season 5 and the premiere of our first owned original, Fightland. Raising Kanan delivered the strongest episode of the season. Most notably, Season 5 has grown its audience from the first season 5 years ago, a rare achievement in today's television landscape. And I'm happy to report Fightland premiered as STARZ's second best-rated new IP launch of all time. Its opening weekend demonstrates significant audience overlap with the Power Universe, which will expand audience engagement and reduce subscriber churn. Now turning to the quarter, our excellent second quarter results were driven by the finale of Outlander, the premiere of Raising Kanan season 5, and The Housemaid. The content portfolio in the quarter generated the second-highest audience engagement quarter of …

Leadership Team of STRZ

11 executives

Name	Title	Compensation	Gender	Year Born	Status
Jeffrey A. Hirsch	President, Chief Executive Officer & Director	USD 4,513,849	Male	1972	Active
Alison Hoffman	President of Domestic Networks	USD 2,069,975	Female	1978	Active
Scott D. MacDonald	Chief Financial Officer	USD 1,506,139	Male	1961	Active
Jason Wyrick	Executive Vice President of Technology	USD 872,653	Male	1971	Active
Jamila Daniel	Chief Diversity Officer & Executive Vice President of Human Resources	—	Female	—	Active
Karen Bailey	Senior Vice President of Original Programming	—	Female	—	Active
Jennifer Minezaki-Washington	Executive Vice President of Corporate & Brand Communications	—	Female	—	Active
Kathryn Busby	President of Original Programming	—	Female	—	Active
Nilay Shah	Head of Investor Relations	—	Male	—	Active
Danny Rosett	Chief Operating Officer of Overture Films	—	Male	—	Active
Russell Schwartz	Senior Vice President of Business & Legal Affairs	—	Male	—	Active

Recent News of STRZ

Zacks Investment Research8/10/2026Neutral

STRZ Q2 Earnings Miss Estimates on Higher Costs, Revenues Beat

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

Seeking Alpha8/10/2026Neutral

Starz Entertainment's Stock Is Powerful, But It Still Rates As A Hold

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.

Seeking Alpha8/7/2026Neutral

Starz Entertainment Corp. (STRZ) Q2 2026 Earnings Call Transcript

MarketBeat8/7/2026Neutral

Starz Entertainment Q2 Earnings Call Highlights

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.

Zacks Investment Research8/7/2026Neutral

Starz Entertainment Corp. (STRZ) Reports Q2 Loss, Tops Revenue Estimates

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.

Historical Employee Count of STRZ

Current

541

Change

-68.49%

Minimum

541

Maximum

1,717

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Mar 31, 2025	541	10-K	Jun 26, 2025	View
Mar 31, 2024	1,717	10-K	May 30, 2024	View
Mar 31, 2023	1,500	10-K	May 25, 2023	View
Mar 31, 2022	1,448	10-K	May 26, 2022	View

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Starz Entertainment Corp.