{"id":2407966,"date":"2026-05-08T17:16:28","date_gmt":"2026-05-08T17:16:28","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2407966"},"modified":"2026-05-08T17:16:28","modified_gmt":"2026-05-08T17:16:28","slug":"starz-entertainment-q1-loss-wider-than-expected-revenues-fall-y-y","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/starz-entertainment-q1-loss-wider-than-expected-revenues-fall-y-y\/","title":{"rendered":"Starz Entertainment Q1 Loss Wider Than Expected, Revenues Fall Y\/Y"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><strong>Starz Entertainment<\/strong> STRZ reported a first-quarter 2026 loss of $1.55 per share, wider than the Zacks Consensus Estimate of a loss of 62 cents.<\/p>\n<p>The company reported a net loss of $9.83 per share, wider than the year-ago quarter&#8217;s reported loss of $9.15.<\/p>\n<p>Revenues came in at $306.9 million, down 7.2% year over year, and marginally missed the consensus mark of $307 million by 0.12%. Sequentially, total revenues declined approximately 5%.<!-- HTML_TAG_END --><\/p>\n<h2 class=\"text article-heading-atom neo-font-heading-lg  yf-18d6y07\" id=\"\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\"><!-- HTML_TAG_START -->STRZ\u2019s Q1 Revenue Breakdown<!-- HTML_TAG_END --> <\/h2>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->OTT revenues reached $211.1 million (68.8% of total revenues), down 6.4% from $225.5 million in the year-ago quarter, reflecting ongoing pressure across the direct-to-consumer and wholesale streaming landscape. Even so, management highlighted sequential improvement.<!-- HTML_TAG_END --><\/p>\n<h3 class=\"text article-heading-atom neo-font-label-2xl-emphasis  yf-18d6y07\" id=\"\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\"><!-- HTML_TAG_START -->Starz Entertainment Corp. Price, Consensus and EPS Surprise<!-- HTML_TAG_END --> <\/h3>\n<figure data-testid=\"article-figure-image\" class=\"yf-750ceo\">\n<div class=\"image-container yf-lglytj\" style=\"--max-height: 264px;\">\n<div class=\"image-wrapper yf-lglytj\" style=\"--aspect-ratio: 571 \/ 264; --img-max-width: 571px;\"><\/div>\n<\/div><figcaption class=\"yf-750ceo\"><!-- HTML_TAG_START -->Starz Entertainment Corp. Price, Consensus and EPS Surprise<!-- HTML_TAG_END -->  <\/figcaption><\/figure>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Starz Entertainment Corp. price-consensus-eps-surprise-chart | Starz Entertainment Corp. Quote<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Linear and other revenues came in at $95.8 million (31.2% of total revenues), down 8.8% from $105.1 million.<!-- HTML_TAG_END --><\/p>\n<h2 class=\"text article-heading-atom neo-font-heading-lg  yf-18d6y07\" id=\"\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\"><!-- HTML_TAG_START -->STRZ\u2019s Operating Performance<!-- HTML_TAG_END --> <\/h2>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Operating loss was $152.8 million, compared with $142.3 million in the prior-year quarter, reflecting the combined effect of lower revenues and heavier cost items.<\/p>\n<p>Adjusted OIBDA was $58.0 million, down from $93.3 million in the year-ago quarter, while still improving sequentially from $55.5 million.<\/p>\n<p>On a trailing 12-month basis, adjusted OIBDA totaled $168.7 million, translating into an adjusted OIBDA leverage ratio of 3.1x at quarter-end.<!-- HTML_TAG_END --><\/p>\n<h2 class=\"text article-heading-atom neo-font-heading-lg  yf-18d6y07\" id=\"\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\"><!-- HTML_TAG_START -->STRZ\u2019s Q1 Balance Sheet &amp; Cash Flow<!-- HTML_TAG_END --> <\/h2>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->As of March 31, 2026, cash and cash equivalents totaled $102.1 million. Total debt was $625.1 million and net debt stood at $523.0 million, with an adjusted OIBDA leverage ratio of 3.1x on a trailing 12-month basis. The company\u2019s $150 million revolving credit facility remained fully undrawn.<\/p>\n<p>Net cash provided by operating activities was $73.2 million in the first quarter of 2026. Equity-free cash flow was $68.7 million.<\/p>\n<p>Unlevered free cash flow was $80.7 million, supported by the stronger operating cash result and provides a cleaner view of underlying liquidity as the company works to reduce leverage.<!-- HTML_TAG_END --><\/p>\n<h2 class=\"text article-heading-atom neo-font-heading-lg  yf-18d6y07\" id=\"\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\"><!-- HTML_TAG_START -->STRZ\u2019s 2026 Outlook<!-- HTML_TAG_END --> <\/h2>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->For 2026, Starz Entertainment reiterated its previously provided outlook targets, including positive year-over-year OTT revenue growth and low-single-digit year-over-year adjusted OIBDA growth. The company continues to expect unlevered free cash flow of $80 million to $120 million and an adjusted OIBDA leverage ratio exiting 2026 at approximately 2.7x.<\/p>\n<p>Management also accelerated its 20% adjusted OIBDA margin outlook to the second half of 2027, one year ahead of prior guidance.<!-- HTML_TAG_END --><\/p>\n<\/p><\/div>\n<p><em> \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n<p><em> \u2018 Some details of this article were extracted from the following source uk.finance.yahoo.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Starz Entertainment STRZ reported a first-quarter 2026 loss of $1.55 per share, wider than the Zacks Consensus Estimate of a loss of 62 cents. The company reported a net loss of $9.83 per share, wider than the year-ago quarter&#8217;s reported loss of $9.15. Revenues came in at $306.9 million, down 7.2% year over year, and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2407967,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[470734,340700,470733],"class_list":["post-2407966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-leverage-ratio","tag-starz-entertainment","tag-unlevered-free-cash-flow"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2026\/05\/Starz-Entertainment-Q1-Loss-Wider-Than-Expected-Revenues-Fall-YY.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2407966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2407966"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2407966\/revisions"}],"predecessor-version":[{"id":2407968,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2407966\/revisions\/2407968"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2407967"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2407966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2407966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2407966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}