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 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

STARZ ENTERTAINMENT CORP /CN/ reported the quarter ended March 31, 2026 results: revenue $306.9 million. Guidance reaffirmed.

Period: the quarter ended March 31, 2026
Revenue: $306.9 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

and generate sustainable free cash flow in the years ahead." Summary of First Quarter 2026 Financial Results For the quarter ended March 31, 2026, STARZ reported: • Revenue: $306.9 million • Operating loss: $(152.8) million • Adjusted OIBDA 1 : $58.0 million • Net cash provided by operating activities: $73.2 million • Unlevered free cash flow: $80.7 million •

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Source: SEC EDGAR

accession 0000929351-26-000030

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