secwatch.observer — SEC 8-K summary
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Issuer:     STARZ ENTERTAINMENT CORP /CN/ (STRZ)
CIK:        0000929351
Form:       8-K
Filed at:   2026-08-07T11:00:18+00:00
Accession:  0001628280-26-054564
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/929351/000162828026054564/0001628280-26-054564-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/929351/000162828026054564/starz-20260807.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-054564

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