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Starz Entertainment (STRZ) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Starz Entertainment (STRZ) Q3 2026 earnings results →
Q3 2026 Revenue up 0% year over year to $322M · 11¢ of every $1 of revenue lost · operating margin -6.6%
Starz Entertainment made $322M in Q3 2026 (+0.5% Y/Y): OTT revenue $227M, Linear and other revenue $95.8M. Operating margin -6.6%, net loss $34.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
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What changed this quarter
Revenue was $322.4M in Q3 2026, roughly flat year over year and up 5% from the previous quarter. OTT revenue was the largest line at 70% of revenue. OTT revenue added $3.8M year over year (up 2%), 253% of the total change. Linear and other revenue declined 2%.
Operating costs exceeded revenue by $21.2M, an operating margin of -6.6%. Total costs fell 3% while revenue was flat. The quarter ended with a net loss of $34.8M, narrower than the previous quarter's $189.4M loss.
Operating cash flow was $18.9M. Non-cash charges added back $67.4M of depreciation and amortization and $7.1M of share-based compensation. Working capital and other items used $20.8M. Capital expenditures of $5.8M left free cash flow of $13.1M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 29, 2026 | $322M | +0.5% | -6.6% | −$34.8M | $18.9M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $308M | -4% | -57.0% | −$189M | −$28.2M |
| Q1 2026 | 10-Q | May 7, 2026 | $307M | -7% | -49.8% | −$165M | $73.2M |
| Q3 2025 | 10-Q | Nov 13, 2025 | $321M | -8% | -10.8% | −$52.6M | −$26.1M |
| Q2 2025 | 10-Q | Aug 14, 2025 | $320M | -8% | -8.4% | −$42.5M | $65.4M |
| Q1 2025 | 10-K | Jun 26, 2025 | $331M | — | -43.0% | −$153M | −$63.5M |
| Q4 2024 | 10-Q | Feb 10, 2025 | $970M | -0.5% | 3.7% | −$18.5M | −$119M |
Charts
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Customers and suppliers named in filings
Sells to
About Starz Entertainment
Prior to the Separation, as defined and further discussed below, Starz Entertainment Corp. (the “Starz Business”) substantially consisted of Lions Gate Entertainment Corp's (“Old Lionsgate” or “Parent”) Media Networks segment consisting of (i) Starz Networks, which includes the domestic distribution of STARZ branded premium subscription video services through over-the-top (“OTT”) streaming platforms and distributors, on a direct-to-consumer basis through the Starz App and through wholesale U.S. and Canada OTT and multichannel video programming distributors (“MVPDs”), including cable operators, satellite television providers and telecommunications companies (in the aggregate the “Starz Platform”), and (ii) International, which at that time primarily consisted of the OTT distribution of subscription video services outside the U.S. and Canada.
In its own words, from its 10-K, filed Jun 26, 2025.
Starz Entertainment against its Services-Motion Picture & Video Tape Production peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +0.5% against the peers' median +22%. Operating margin: -6.6% against the peers' median -6.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| STRZ Starz Entertainment | Q3 2026 | $322M | +0.5% | -6.6% |
| FUBO FuboTV | Q3 FY26 | $1.5B | +290% | -1.8% |
| LION Lionsgate Studios | Q2 FY27 | $669M | +41% | 4.4% |
| ANGX Angel Studios | Q2 2026 | $112M | +28% | -16.6% |
| CURI CuriosityStream | Q2 2026 | $23.2M | +22% | 39.5% |
| GAIA Gaia | Q3 2026 | $22.0M | -12% | -13.4% |
| TOON Kartoon Studios | Q2 2026 | $5.8M | -43% | -58.6% |
| CPLX Certiplex | Q2 2026 | $26K | -35% | -71.3% |
Source: Starz Entertainment 10-Q on SEC EDGAR · CIK 929351 · Services-Motion Picture & Video Tape Production
13F: who owns STRZ and who is buying
More on STRZ
- How Starz Entertainment makes money: revenue by segment
- Starz Entertainment next earnings date and what analysts expect
- Starz Entertainment stock forecast, price target and fair value
- Who owns Starz Entertainment stock: holders, funds and Congress trades
- Starz Entertainment guidance and outlook
- Is Starz Entertainment a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results