STRZ
Starz Entertainment Corp.11.84
+0.17+1.46%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Bundling accretive; M&A targets detailed
Q&A largely reaffirmed prepared remarks on 2026's free cash flow inflection and content slate but surfaced bundling's tangible wins—expanding TAM, accretive revenue, superior retention. Management detailed M&A appetite for linear brands complementing core demos, capped at 2.5x leverage, with excess cash eyeing shareholder returns post-delevering. Pricing stays under broad streamers for room to follow hikes; franchises reliably launch new IP. Content spend hits $650M for smoother cadence. Bundling pays off handsomely. Investors will watch owned originals' international lift.
Key Stats
Market Cap
198.10MP/E (TTM)
-Basic EPS (TTM)
-16.80Dividend Yield
0%Recent Filings
8-K
Adopts shareholder rights plan
Starz Entertainment Corp. adopted a Shareholder Protection Rights Agreement on March 10, 2026, declaring one Right per common share for holders at March 20 record date. Rights trigger if any person hits 17.5% beneficial ownership, letting others buy shares at $93.00—half market price. Board can redeem for $0.001 each. Plan expires March 10, 2027, unless extended.
8-K
Sloan exits board voluntarily
Starz Entertainment Corp. disclosed on March 4, 2026, that director Harry E. Sloan will not stand for re-election at the 2026 Annual Meeting to cut back on board roles. No disagreements with the company on operations, policies, or practices. Sloan serves until term ends. Smooth transition, no drama.
8-K
Q4 revenue up, OTT peaks
Starz Entertainment reported Q4 revenue of $322.8 million, narrowing operating loss to $(4.7) million while boosting Adjusted OIBDA to $55.5 million. U.S. OTT subscribers hit a record 12.7 million, up 370,000 sequentially, fueled by hits like Power Book IV: Force. Net debt fell to $589.4 million at 2.9x leverage. Management eyes 2026 Adjusted OIBDA growth and deleveraging to ~2.7x.
8-K
Starz renews Hirsch CEO pact
Starz Entertainment inked a new employment deal with CEO Jeffrey Hirsch on November 11, 2025, effective May 7, 2025, through December 31, 2028, post-separation from Lionsgate Studios. Base salary hits $1.55M with 300% target bonus; annual long-term incentives total $9M potential via RSUs, AOIBDA, and stock price hurdles up to $50. Severance sweetens post-change-in-control. Incentives align leadership with shareholders.
10-Q
Q2 FY2025 results
Starz revenue fell 7.5% y/y to $320.9M in Q2 ended September 30, 2025, driven by 14.5% drop in linear revenue while OTT held at $222.8M; programming amortization plunged 13.9% y/y to $156.8M from fewer series premieres, yet operating loss widened to $(34.8)M from $(17.0)M as marketing rose. Cash jumped to $37.0M with $39.3M operating cash flow (six months); debt at $612.5M net ($300M Term Loan A due 2028, $325.1M 5.5% notes due 2029) with $150M revolver undrawn, in covenant compliance. Post-May 2025 Lionsgate split, standalone costs ticked up. Subscribers steady at 19.2M. Litigation shadows noteholder claims.