---
schema_version: "secwatch.filing_event.v1"
accession: "0000929351-22-000032"
form_type: "8-K"
ticker: "STRZ"
cik: "0000929351"
company_name: "STARZ ENTERTAINMENT CORP /CN/"
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T11:18:59.550256+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lionsgate Q2 FY2023: $1.75B operating loss on $1.48B STARZ goodwill impairment; exits 7 intl territories

## Summary
- Revenue $875.2M; net loss $1.81B ($7.95/share); adjusted net loss $28M ($0.12/share); adjusted OIBDA $47.4M.
- Non-cash goodwill impairment of $1.48B from STARZ acquisition; $218.9M restructuring charge for exiting 7 LIONSGATE+ territories.
- Media Networks segment profit $21M (vs $5.5M); global streaming subs up 52% YoY to 27.3M; LIONSGATE+ subs up 97% to 14.8M.
- Studio Business segment profit $69.1M (vs $130.3M); Motion Picture revenue down to $224M, Television Production up to $430.9M.
- FY2023 Adjusted OIBDA guidance $275M-$325M; FY2024 $400M-$450M; cash on balance sheet $557.1M; adj. FCF positive $123.5M.

## SEC filing metadata
- accession: 0000929351-22-000032
- form_type: 8-K
- ticker: STRZ
- cik: 0000929351
- company_name: STARZ ENTERTAINMENT CORP /CN/
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/929351/000092935122000032/0000929351-22-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/929351/000092935122000032/lgfa-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000929351-22-000032
- JSON: https://secwatch.observer/filing/0000929351-22-000032.json
- Plain text: https://secwatch.observer/filing/0000929351-22-000032.txt

## Key facts
- Earnings Releases
  STARZ ENTERTAINMENT CORP /CN/ reported quarter ended September 30, 2022 results: revenue $875.2 million, net income $1.81 billion, EPS $7.95 diluted net loss per share.
  - Period: quarter ended September 30, 2022
  - Revenue: $875.2 million
  - Net income: $1.81 billion
  - EPS: $7.95 diluted net loss per share
  - Result: reported results
  source text: Lionsgate (NYSE: LGF.A, LGF.B) today reported second quarter (quarter ended September 30, 2022) revenue of $875.2 million, operating loss of $1.75 billion and net loss attributable to Lionsgate shareholders of $1.81 billion or $7.95 diluted net loss per share on 227.9 million diluted weighted average common shares outstanding.
  evidence_url: https://www.sec.gov/Archives/edgar/data/929351/000092935122000032/0000929351-22-000032-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.