---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-054564"
form_type: "8-K"
ticker: "STRZ"
cik: "0000929351"
company_name: "STARZ ENTERTAINMENT CORP /CN/"
filed_at: "2026-08-07T11:00:18+00:00"
generated_at: "2026-08-07T11:05:42.483138+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-26-054564
- form_type: 8-K
- ticker: STRZ
- cik: 0000929351
- company_name: STARZ ENTERTAINMENT CORP /CN/
- filed_at: 2026-08-07T11:00:18+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/929351/000162828026054564/0001628280-26-054564-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/929351/000162828026054564/starz-20260807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-054564
- JSON: https://secwatch.observer/filing/0001628280-26-054564.json
- Plain text: https://secwatch.observer/filing/0001628280-26-054564.txt

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