Starz Entertainment Corp. Reports Results for the First Quarter Ended March 31, 2026 - Starz Entertainmen
Starz said lower viewership from Amazon overlap and a $139 million restructuring charge weighed on results, while adjusted OIBDA rose to $92 million.
- Starz CEO Jeffrey Hirsch announced Thursday the company exited its Pay-2 agreement with Universal, accelerating the company's 20% margin target to the back half of 2027 from 2028.
- Hirsch cited high subscriber overlap between Amazon and Starz for lower-than-projected viewership on Universal titles. The company will reinvest savings to acquire high-performing titles at superior economics.
- Starz reported $307 million in overall revenue for the three months ending March 31, 2026, down from $330.6 million last year, with a net loss of $164.9 million, or $9.83 per share.
- Marking one year since separating from Lionsgate, Starz posted $211.1 million in streaming revenue and $95.8 million in linear TV revenue, while executives acknowledged continued pressure on linear subscribers.
- Despite merger speculation surrounding the company, Hirsch stated Starz does not need acquisitions to maximize shareholder value, as management remains confident in the core business's ability to generate sustainable free cash flow.
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PR Newswire
Starz Entertainment Corp. Reports Results for the First Quarter Ended March 31, 2026
STARZ Delivers Positive Operating Cash Flow and Accelerates Margin Expansion Timeline OTT Revenue Grew Sequentially to $211.1 Million Net Cash Provided by...
Starz Entertainment Corp. Reports Results for the First Quarter Ended March 31, 2026 - Starz Entertainmen
STARZ Delivers Positive Operating Cash Flow and Accelerates Margin Expansion Timeline OTT Revenue Grew Sequentially to $211.1 Million Net Cash Provided by Operating Activities was $73.2 Million, a Year-over-Year Improvement of $136.7 Million Unlevered Free Cash Flow and Equity Free Cash Flow were $80.7 Million and $68.7 Million, Respectively Operating Loss was $(152.8) Million Adjusted OIBDA1 Grew Sequentially to $58.0 Million Management Accele…
Starz Exits Universal Pictures Pay-2 Deal After 5 Years
Starz CEO Jeffrey Hirsch May 7 announced that the multichannel video distribution platform had exited its Pay-2 movie agreement with Universal Pictures. The deal, first inked in July 2021, gave Starz exclusive access to Universal theatrical titles following their streaming runs on Peacock, Prime Video and Netflix (Illumination and DreamWorks Animation movies only). In January, … Continue reading "Starz Exits Universal Pictures Pay-2 Deal After 5…
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