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.
STRZ - Starz Entertainment Corp.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$29.75
DETAILS
HIGH:
$30.00
LOW:
$29.00
MEDIAN:
$30.00
CONSENSUS:
$29.75
UPSIDE:
1.92%
Stock News
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.
Starz Entertainment Corp. (STRZ) Q2 2026 Earnings Call Transcript
Starz Entertainment Corp. (STRZ) Q2 2026 Earnings Call Transcript
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.
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.
Starz Subscriber Levels Climbed In Q2 Despite Price Increase, CEO Jeff Hirsch Says
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 Entertainment Corp. Reports Results for the Second Quarter Ended June 30, 2026
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.
STARZ TO RELEASE SECOND QUARTER EARNINGS FOR 2026 AND HOLD ANALYST AND INVESTOR CONFERENCE CALL BEFORE MARKET OPEN ON FRIDAY, AUGUST 7
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.
Questex's StreamTV Show 2026 Unveils YouTube Opening Keynote, STARZ Executive Fireside Chat, and Expands to Nearly 300 Speakers for Its Largest Program Ever
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: Even After The Sharp Rally, Upside Remains
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 Q1 Earnings Call Highlights
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.
Starz Entertainment Q1 Loss Wider Than Expected, Revenues Fall Y/Y
STRZ posts a wider-than-expected Q1 loss; revenues fall 7.2% YoY and miss estimates, while free cash flow remains positive.
Starz Entertainment Corp. (STRZ) Q1 2026 Earnings Call Transcript
Starz Entertainment Corp. (STRZ) Q1 2026 Earnings Call Transcript
Starz Exits Pay-2 Deal With Universal As It Revisits Content Costs
Starz CEO Jeff Hirsch said the company has exited its pay-2 deal with Universal as it revisits content costs a year into its run as a standalone. “As we have continued to highlight, right-sizing the content cost structure of the business has been paramount to reaching our stated goal of 20% margin.
Starz Q1 Mixed As It Marks First Year Flying Solo: CEO Jeff Hirsch Calls Company “Structurally Stronger” Since Split From Lionsgate
Starz posted a mixed first quarter as it celebrated one year as a standalone company after separating from Lionsgate. It continues to juggle OTT and linear as it fine tunes programming including with new owned originals. The stock has surged this year. It closed off a quarter at $20.
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 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 Accelerates 20% Adjusted OIBDA Margin Outlook to the Second Half of 2027, One Year Ahead of Prior Guidance2 Management Reiterates All Previously Provided 2026 Outlook Targets SANTA MONICA, Calif. and VANCOUVER, B.C.
Look At The Starz, Look How They Shine For You
Starz trades at a deep discount, with a 4x EV/EBITDA multiple and 24.5% unlevered FCF yield, despite strong OTT subscriber growth. OTT now represents 72% of STRZ's 17.6 million US subs, with linear rapidly declining; the business is nearing an inflection where streaming growth offsets linear erosion. STRZ's in-house content production, like Fightland, aims to boost margins and address concerns over lack of proprietary library, supporting OIBDA growth from $200M (2025) to $300M (2028).
STARZ TO RELEASE FIRST QUARTER EARNINGS FOR 2026 AND HOLD ANALYST AND INVESTOR CONFERENCE CALL FOLLOWING MARKET CLOSE ON THURSDAY, MAY 7
SANTA MONICA, Calif., April 7, 2026 /PRNewswire/ -- STARZ (NASDAQ: STRZ) announced today the company will report its first quarter financial results for 2026, ended March 31, 2026, on Thursday, May 7.
How Much Upside is Left in Starz Entertainment Corp. (STRZ)? Wall Street Analysts Think 64.7%
The average of price targets set by Wall Street analysts indicates a potential upside of 64.7% in Starz Entertainment Corp. (STRZ). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Starz Lays 7% Of Staff 10 Months After Separation From Lionsgate
EXCLUSIVE: In Starz's Q4 earnings report in February, the company called 2026 a “positive financial inflection point” as the company projected a transition to profitability following its separation from Lionsgate. In addition to OTT subscriber growth and increasing content ownership, cost-reduction inevitably is part of the equation. That includes staff cuts.
Price Targets
Starz Entertainment price target raised to $30 from $26 at Deutsche Bank
$30.00
(was $25.89)
Deutsche Bank
Starz Entertainment price target raised to $30 from $21 at Morgan Stanley
$30.00
(was $26.22)
Morgan Stanley
Starz Entertainment price target raised to $26 from $17 at Deutsche Bank
$26.00
(was $26.86)
Deutsche Bank
Starz Entertainment upgraded to Outperform from Neutral at Baird
$30.00
(was $19.79)
Robert W. Baird
Starz Entertainment price target raised to $29 from $20 at Raymond James
$29.00
(was $21.22)
Raymond James
Starz Entertainment price target raised to $21 from $20 at Morgan Stanley
$21.00
(was $20.10)
Sean Diffley
·
Morgan Stanley
Starz Entertainment assumed with an Equal Weight at Morgan Stanley
$20.00
(was $18.34)
Sean Diffley
·
Morgan Stanley
Starz Entertainment initiated with a Neutral at Baird
$13.00
(was $12.60)
Robert W. Baird
Starz Entertainment price target lowered to $14 from $15 at Morgan Stanley
$14.00
(was $12.95)
Thomas Yeh
·
Morgan Stanley
Starz Entertainment initiated with an Outperform at Raymond James
$19.00
(was $14.99)
Brent Penter
·
Raymond James
Starz Entertainment initiated with a Buy at Seaport Research
$30.00
(was $14.99)
David Joyce
·
Seaport Global