Starz Q2 revenue $307.9M, operating loss $175.5M on restructuring; raises FY26 OIBDA, FCF outlook

STARZ ENTERTAINMENT CORP /CN/

2026-Q2 EPS reported -$21.12 revenue$614,800,000

Q2 revenue $307.9M; operating loss $(175.5)M driven by non-recurring restructuring charge; adjusted OIBDA $59.9M.
Raises 2026 adjusted OIBDA growth outlook to mid-single-digits (from low-single); FCF outlook raised to mid-to-upper end of $80-120M range.
Reiterates 2.7x year-end leverage target; actual 2.9x TTM; net debt $565.5M vs total debt $625.1M ($300M term loan A + $325.1M notes).
Cash $59.6M; $150M revolver fully undrawn; reiterates positive YoY OTT revenue growth and 20% OIBDA margin by H2 2027.
CEO Jeffrey Hirsch cites 'Fightland' premiere success and stronger back-half visibility as drivers of raised outlook.

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