---
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"
generated_at: "2026-05-14T22:25:33.112575+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Starz Q1 revenue $306.9M, Adj OIBDA $58.0M; accelerates margin target to H2 2027

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- 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/929351/000092935126000030/0000929351-26-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/929351/000092935126000030/starz-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000929351-26-000030
- JSON: https://secwatch.observer/filing/0000929351-26-000030.json
- Plain text: https://secwatch.observer/filing/0000929351-26-000030.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/929351/000092935126000030/0000929351-26-000030-index.htm

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