---
schema_version: "secwatch.filing_event.v1"
accession: "0000929351-25-000102"
form_type: "8-K"
ticker: "STRZ"
cik: "0000929351"
company_name: "STARZ ENTERTAINMENT CORP /CN/"
filed_at: "2025-08-14T23:59:59+00:00"
generated_at: "2026-05-17T13:49:07.750476+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Starz Q2 net loss $42.5M, revenue $319.7M, subscribers decline sequentially

## Summary
- Net loss of $42.5M ($2.54 per share); operating loss $26.9M; Adjusted OIBDA of $33.4M.
- Revenue $319.7M; management reiterates sequential revenue and OTT sub growth in Q3/Q4.
- US OTT subs 12.2M (down 120k); total US subs 17.6M (down 410k); North America 19.1M (down 520k).
- Net debt $573.5M ($300M Term Loan A, $325.1M notes, $51.6M cash); leverage ratio 3.2x; $150M revolver undrawn.

## SEC filing metadata
- accession: 0000929351-25-000102
- form_type: 8-K
- ticker: STRZ
- cik: 0000929351
- company_name: STARZ ENTERTAINMENT CORP /CN/
- filed_at: 2025-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/929351/000092935125000102/0000929351-25-000102-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/929351/000092935125000102/starz-20250814.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000929351-25-000102
- JSON: https://secwatch.observer/filing/0000929351-25-000102.json
- Plain text: https://secwatch.observer/filing/0000929351-25-000102.txt

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