{"schema_version":"secwatch.filing_event.v1","accession":"0000929351-26-000030","form_type":"8-K","ticker":"STRZ","cik":"0000929351","company_name":"STARZ ENTERTAINMENT CORP /CN/","filed_at":"2026-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.947728+00:00","generated_at":"2026-05-14T22:25:33.112575+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Starz Q1 revenue $306.9M, Adj OIBDA $58.0M; accelerates margin target to H2 2027","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000929351-26-000030","json":"https://secwatch.observer/filing/0000929351-26-000030.json","markdown":"https://secwatch.observer/filing/0000929351-26-000030.md","text":"https://secwatch.observer/filing/0000929351-26-000030.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/929351/000092935126000030/0000929351-26-000030-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/929351/000092935126000030/starz-20260507.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T22:25:33.112575+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c1d5d5966ceceadad998402ee73c7bdeaf60b166","claim":"STARZ ENTERTAINMENT CORP /CN/ reported the quarter ended March 31, 2026 results: revenue $306.9 million. Guidance reaffirmed.","evidence_excerpt":"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 •","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/929351/000092935126000030/0000929351-26-000030-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2026"},{"label":"Revenue","value":"$306.9 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}