Earnings ·
Starz Entertainment Corp. reported second-quarter 2026 financial results on August 7, 2026, generating $307.9 million…
STRZStarz Entertainment Corp
Starz Entertainment Corp. reported second-quarter 2026 financial results on August 7, 2026, generating $307.9 million in revenue and an Adjusted OIBDA of $59.9 million. The company recorded a significant operating loss of $(175.5) million, primarily driven by a non-recurring restructuring charge of $151.2 million that included $147.2 million in programming contract termination fees. Starz raised its 2026 outlook for Adjusted OIBDA growth from low-single-digits to mid-single-digits and increased its Unlevered Free Cash Flow forecast to the mid-to-upper end of the previous range, while reaffirming a year-end leverage target of approximately 2.7x. The company operates in the premium entertainment industry, providing original series, movies, and sports content via over-the-top streaming platforms and multichannel video distributors.