earnings
confidence high
sentiment positive
materiality 0.75
Starz Q1 revenue $306.9M, Adj OIBDA $58.0M; accelerates margin target to H2 2027
STARZ ENTERTAINMENT CORP /CN/
2026-Q1 EPS reported
-$9.83
revenue$306,900,000
- Revenue $306.9M; OTT revenue grew sequentially to $211.1M; operating loss $(152.8)M.
- Adjusted OIBDA $58.0M (sequential growth); net cash from ops $73.2M (+$136.7M YoY); unlevered FCF $80.7M.
- Margin expansion accelerated: 20% Adj OIBDA margin target now H2 2027, one year ahead of prior guidance.
- 2026 outlook reiterated: positive YoY OTT revenue growth, low-single-digit Adj OIBDA growth, unlevered FCF $80-120M.
- Leverage ratio ~3.1x TTM; net debt $523M; $150M revolver undrawn.
item 2.02item 9.01