<\/p>\n
Grew Fourth Quarter Revenue Sequentially to $322.8 Million
<\/b>Fourth Quarter<\/b> Operating Loss Improved to $(4.7) Million
<\/b>Grew Fourth Quarter Adjusted OIBDA to $55.5 Million
<\/b>Operating Loss on a Trailing-Twelve Month Basis was $(208.7) Million
<\/b>Achieved $204.0 Million in Annual Trailing-Twelve Month Adjusted OIBDA<\/b><\/p>\n
Management Achieved or Exceeded All Previously Provided 2025 Outlook
<\/b>Grew OTT and Total Subscribers Sequentially by 370,000 and 170,000, Respectively
<\/b>Domestic OTT Subscribers Reached All-Time High of 12.7 Million, Up 890,000 or 7.6% Year-over-Year<\/b><\/p>\n
Management Provides 2026 Outlook: Expects to Grow Adjusted OIBDA and OTT Revenue, Delever to ~2.7x, and Significantly Improve Free Cash Flow1<\/sup><\/b><\/p>\n SANTA MONICA, Calif. and VANCOUVER, BC<\/span>, Feb. 26, 2026<\/span> \/PRNewswire\/ — STARZ (NASDAQ: STRZ<\/a>) today reported results for the quarter ended December\u00a031, 2025. This press release includes consolidated financial results for STARZ Entertainment Corp.<\/p>\n “Just nine months after our separation, we are beginning to see the full impact of operating as a standalone company. We exceeded all our financial guidance in 2025 and expect 2026 to be a positive financial inflection point for the company as we enter the year with record-high OTT subscribers and a balance sheet that outperformed our deleveraging expectations,” said STARZ President and CEO Jeffrey Hirsch. “With a disciplined investment strategy, a more efficient operating model, and one of our strongest programming slates to date, we are poised to drive sustainable OTT revenue growth, expand profitability, and improve free cash flow as we execute against our long-term targets.”<\/p>\n Quarter Ended<\/b>\u00a0December\u00a031, 2025<\/b> Results STARZ ended the quarter with $300 million\u00a0outstanding on its Term Loan A credit facility, $325.1 million\u00a0in senior unsecured notes and $35.7 million\u00a0in cash. This resulted in total net debt of $589.4 million. On a trailing twelve-month basis, the company’s total Adjusted OIBDA Leverage Ratio was 2.9x3<\/sup>. STARZ’s $150 million revolving credit facility was undrawn at December\u00a031, 2025.<\/p>\n STARZ ended the quarter with 12.7 million U.S. Over-The-Top (OTT) subscribers, representing a sequential increase of 370,000. Total U.S. subscribers were 17.6 million, an increase of 170,000 from the prior quarter. This increase was driven by interest in our scripted originals in the quarter, including Season 3 of Power Book IV: Force <\/i>and Season 1 of Spartacus: House of Ashur<\/i>.<\/p>\n STARZ senior management will hold its analyst and investor conference call to discuss results for the quarter ended\u00a0December\u00a031, 2025, today, Thursday, February\u00a026, 2026,\u00a0at 5:00 p.m. ET \/ 2:00 p.m. PT. Interested parties may listen to the live webcast by visiting the events page on the STARZ Investor Relations website. A full replay will become available this evening at the same link.<\/p>\n 1 <\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n See “Use of Non-GAAP Financial Measures” for a definition of Free Cash Flow.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n 2\u00a0 <\/sup><\/span><\/i><\/span><\/p>\n<\/td>\n See “Use of Non-GAAP Financial Measures” for a definition of Adjusted OIBDA.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n 3<\/sup><\/span><\/i>\u00a0<\/span><\/p>\n<\/td>\n Total Adjusted\u00a0OIBDA Leverage Ratio of 2.9x is calculated based on total Adjusted OIBDA of $204.0 million for the trailing twelve-month period ended December\u00a031, 2025. Refer to “Reconciliation of Operating Loss to Adjusted OIBDA” section for further detail.<\/span><\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div><\/div>\n<\/div>\n About STARZ Investor Inquiries – Contact:
<\/b>For the quarter ended\u00a0December\u00a031, 2025, STARZ reported consolidated revenue of $322.8 million and net loss of $(20.7) million or a net loss per share of $(1.24). Operating loss was $(4.7) million\u00a0and Adjusted OIBDA2<\/sup> was $55.5 million.<\/p>\n\n\n
\n \n \n \n \n \n \n \n \n
<\/b>STARZ is the leading premium entertainment destination for women and underrepresented audiences, and home to some of the most popular franchises and series on television. STARZ offers a robust programming mix for discerning adult audiences, including boundary-breaking originals and an expansive lineup of blockbuster movies, and is embodied by its brand positioning “We’re All Adults Here.” Complementary to any platform or service, STARZ is available across a wide range of digital OTT platforms and multichannel video distributors and is a bundling partner of choice. STARZ is powered by an industry-leading advanced technology, data analytics and digital infrastructure and the highly rated and first-of-its-kind STARZ app.<\/p>\n
<\/b>Nilay Shah
[email\u00a0protected]<\/span><\/a><\/p>\n