STRZ

MKT CAP:$314M

Starz Entertainment Corp.

Market Cap

$314M

Communication Services·Entertainment·🇨🇦 Canada·NASDAQ

Communication·Entertainment·🇨🇦·NASDAQ

Stock Price

$18.67+$7.06 (+60.81%)

Apr 24, 2026

Company Details

Starz Entertainment Corp. provides subscription video programming to consumers in the United States and Canada. Its business consists of the distribution of STARZ-branded premium subscription video services through over-the-top platforms an...

CEO

Jeffrey A. Hirsch

IPO Date

May 7, 2025

Website

mediaroom.starz.com

Key Metrics TTM

Revenue

$1.9B

-51.3% YoY

Net Income

-$138M

EPS (Diluted)

-$8.78

Free Cash Flow

-$116M

Revenue / Share

$115.80

Gross Margin

48.4%

Operating Margin

1.9%

Net Margin

-7.1%

FCF Margin

-6.0%

P/S

0.2x

P/E

—

Earnings Reports

Q4 2026

May 7, 2026

PENDING

Q3 2026

Feb 26, 2026

$323M-66.7%EPS -$1.24

Q2 2026

Nov 13, 2025

$321MEPS -$3.15

Q1 2026

Aug 14, 2025

$320MEPS -$2.54

Q3 2025

Feb 10, 2025

$971M-0.5%EPS -$1.85

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$836M	$341M	$53M
Q4 21	$876M	$366M	-$9M
Q1 22	$901M	$397M	$50M
Q2 22	$888M	$359M	$32M
Q3 22	$885M	$319M	$8M
Q4 22	$930M	$264M	-$43M
Q1 23	$894M	$257M	-$55M
Q2 23	$875M	$488M	$203M
Q3 23	$1.0B	$368M	$82M
Q4 23	$1.1B	$468M	$43M
Q1 24	$909M	$380M	$16M
Q3 24	$975M	$403M	$71M
Q3 25	$971M	$364M	$83M
Q1 26	$320M	$109M	-$21M
Q2 26	$321M	$321M	-$30M
Q3 26	$323M	$144M	$5M

Valuation

Quarter	P/S	P/E
Q3 21	0.1x	—
Q4 21	0.1x	—
Q1 22	0.1x	—
Q2 22	0.1x	—
Q3 22	0.1x	—
Q4 22	0.1x	—
Q1 23	0.1x	—
Q2 23	0.1x	—
Q3 23	0.1x	—
Q4 23	0.1x	—
Q1 24	0.1x	—
Q3 24	0.1x	—
Q3 25	0.1x	—
Q1 26	0.1x	—
Q2 26	0.1x	—
Q3 26	0.1x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	$5M	-$4M
Q4 21	-$193M	-$203M
Q1 22	-$338M	-$344M
Q2 22	$45M	-$123M
Q3 22	-$218M	-$226M
Q4 22	-$208M	-$218M
Q1 23	-$50M	-$59M
Q2 23	-$100M	-$112M
Q3 23	$44M	$30M
Q4 23	-$6M	-$19M
Q1 24	$29M	$20M
Q3 24	$68M	$61M
Q3 25	-$112M	-$117M
Q1 26	$65M	$59M
Q2 26	-$26M	-$31M
Q3 26	-$21M	-$26M

Capital Expenditures

Quarter	CapEx
Q3 21	$9M
Q4 21	$10M
Q1 22	$6M
Q2 22	$167M
Q3 22	$8M
Q4 22	$10M
Q1 23	$10M
Q2 23	$12M
Q3 23	$14M
Q4 23	$13M
Q1 24	$9M
Q3 24	$6M
Q3 25	$5M
Q1 26	$7M
Q2 26	$5M
Q3 26	$5M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	-16.2%	-21.5%
Q4 21	-7.2%	-1.4%
Q1 22	+10.8%	+18.1%
Q2 22	+19.2%	+27.0%
Q3 22	+5.9%	+12.0%
Q4 22	+6.1%	+9.8%
Q1 23	-0.8%	+11.5%
Q2 23	-1.4%	-21.5%
Q3 23	+13.0%	+4.7%
Q4 23	+16.8%	+7.3%
Q1 24	+1.6%	-5.9%
Q3 24	+11.4%	+34.6%
Q3 25	-3.0%	-3.4%
Q1 26	-70.6%	-67.4%
Q2 26	-64.7%	-60.7%
Q3 26	-66.9%	-64.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$0	0.0%
Q4 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q3 24	$0	0.0%
Q3 25	$0	0.0%
Q1 26	$7M	2.3%
Q2 26	$4M	1.2%
Q3 26	$4M	1.1%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q3 21	—	—	$288M
Q4 21	—	—	$375M
Q1 22	—	—	$347M
Q2 22	—	—	$327M
Q3 22	—	—	$311M
Q4 22	—	—	$306M
Q1 23	—	—	$312M
Q2 23	—	—	$285M
Q3 23	—	—	$286M
Q4 23	—	—	$426M
Q1 24	—	—	$365M
Q3 24	—	—	$332M
Q3 25	—	—	$281M
Q1 26	—	—	$93M
Q2 26	$29M	$78M	—
Q3 26	$32M	$65M	—

Revenue Segments

Quarter	Media Networks	Motion Picture	Studio Business	Television Production
Q3 25	$345M	$309M	-$88M	$405M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$385M	$0	$385M
Q1 23	$394M	$0	$394M
Q2 23	$583M	$0	$583M
Q3 23	$456M	$0	$456M
Q4 23	$300M	$0	$300M
Q1 24	$374M	$0	$374M
Q2 24	$255M	$0	$255M
Q3 24	$319M	$0	$319M
Q4 24	$358M	$0	$358M
Q1 25	$229M	$0	$229M
Q2 25	$278M	$0	$278M
Q3 25	$243M	$0	$243M
Q4 25	$18M	$0	$18M
Q1 26	$52M	$0	$52M
Q2 26	$37M	$0	$37M
Q3 26	$36M	$0	$36M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	11M	+0.2%	+0.9%
Q4 21	11M	+0.2%	+0.6%
Q1 22	11M	+0.3%	+0.9%
Q2 22	11M	+3.0%	+3.7%
Q3 22	11M	-1.5%	+1.9%
Q4 22	11M	+0.1%	+1.8%
Q1 23	11M	+0.2%	+1.7%
Q2 23	11M	+1.0%	-0.3%
Q3 23	12M	+1.0%	+2.3%
Q4 23	11M	-0.4%	+1.8%
Q1 24	12M	+0.4%	+2.0%
Q3 24	12M	+2.1%	+3.2%
Q3 25	12M	+2.2%	+4.4%
Q1 26	17M	+39.1%	+45.7%
Q2 26	17M	0.0%	+45.1%
Q3 26	17M	0.0%	+42.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	$579.6K	1K
Q4 21	$597.8K	1K
Q1 22	$614.7K	1K
Q2 22	$605.6K	1K
Q3 22	$604.0K	1K
Q4 22	$642.2K	1K
Q1 23	$617.3K	1K
Q2 23	$604.4K	1K
Q3 23	$690.7K	1K
Q4 23	$723.8K	2K
Q1 24	$605.7K	2K
Q3 24	$650.1K	2K
Q3 25	$565.2K	2K
Q1 26	$590.9K	541
Q2 26	$593.2K	541
Q3 26	$596.7K	541

Revenue / Employee