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Earnings Data
Report Date
Aug 07, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-4.89Last Year’s EPS
-2.54Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a predominantly positive outlook: management delivered a strong Q1 performance against internal plans, achieved material free cash flow improvements, made strategic content-cost and ownership moves that accelerated the 20% margin target by a year, and reaffirmed 2026 guidance. Near-term headwinds include a sequential decline in total revenue, a sizable $139M restructuring charge, higher content amortization, and execution/timing risks related to replacing Universal titles and content spend catching up in Q2. Overall, the positives — improved cash generation, disciplined pricing, deleveraging progress, and accelerated margin target — outweigh the near-term lowlights.Company Guidance
OTT Revenue Growth
OTT revenue was $211M in Q1 2026, up from $210M in Q4 2025 (≈+0.5% sequential), driven by pricing discipline, fewer low-priced offers, and higher-share annual/multi-month plans; ARPU grew sequentially and a price increase to $11.99 was implemented April 1.
Adjusted OIBDA Ahead of Plan and More Predictable Cadence
Adjusted OIBDA was $58M in Q1 2026, up sequentially from Q4 2025 due primarily to lower advertising and G&A; management reports adjusted OIBDA came in ahead of internal plan and expects low single-digit adjusted OIBDA growth for full-year 2026 with more consistent quarterly cadence.
Material Free Cash Flow Improvement
Unlevered free cash flow was $81M in Q1 2026, up $147M year-over-year; equity free cash flow was $69M, up $136M year-over-year — demonstrating significant improvement in cash generation (Q1 benefit noted to be partly timing-related).
Progress on Deleveraging and Balance Sheet Flexibility
Net debt was $523M as of March 31, 2026 with leverage at 3.1x (below internal expectations for the period); company is confident in achieving ~2.7x year-end leverage and has an undrawn $150M revolver for liquidity.
Acceleration of Margin Target
Company moved its 20% adjusted OIBDA margin target forward by 12 months to the back half of 2027 (from exit of 2028) due to rightsizing content costs and revised Pay-Two economics with Universal, signaling faster path to profitability.
Content Ownership and Slate Progress
Starz announced its first STARZ-owned original Fightland (premiering July 31) and greenlit the owned series Black Rodeo, with additional owned projects in development; management aims for ~50% owned slate by 2027 and expects owned content to improve unit economics over time.
Content Spend Guidance and Rightsizing
Q1 cash content spend was $113M (down year-over-year) and full-year 2026 content spend guidance was reaffirmed below $650M (a meaningful decline versus 2025); management anticipates improved convergence of cash content spend and programming amortization beginning in 2026.
Operational Metrics Pointing to Improved Customer Quality
Company reported all-time low churn and engagement up ~8% year-over-year, supporting management's strategy to deemphasize subscriber counts and focus on higher lifetime value customers.
Reaffirmed 2026 Guidance
Management reaffirmed full-year 2026 outlook: positive OTT revenue growth vs. 2025, low single-digit adjusted OIBDA growth vs. 2025, $80M–$120M unlevered free cash flow, and ~2.7x leverage exit — signaling confidence in execution.
STRZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
STRZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $20.10 | $19.79 | -1.54% |
Feb 26, 2026 | $9.58 | $11.00 | +14.82% |
Nov 13, 2025 | $10.79 | $10.11 | -6.30% |
May 29, 2025 | $16.51 | $20.96 | +26.95% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Starz Entertainment Corp (STRZ) report earnings?
Starz Entertainment Corp (STRZ) is schdueled to report earning on Aug 07, 2026, After Close (Confirmed).
What is Starz Entertainment Corp (STRZ) earnings time?
Starz Entertainment Corp (STRZ) earnings time is at Aug 07, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is STRZ EPS forecast?
STRZ EPS forecast for the fiscal quarter 2026 (Q2) is -4.89.