Filing Flows › Starz Entertainment (STRZ) › Q1 2026
Starz Entertainment (STRZ) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Starz Entertainment (STRZ) reported revenue of $307M for the first quarter 2026 (Q1 2026), -7% from a year earlier and -5% from the quarter before. Operating margin was -49.8%, net loss $165M (53.7% of revenue).
Starz Entertainment, Q1 2026: revenue $307M (-7% year over year), operating margin -49.8%, net loss $165M, operating cash flow $73.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $307M | -5% | -7% |
| Operating profit | −$153M | — | — |
| Net earnings | −$165M | — | — |
| Operating cash flow | $73.2M | — | — |
| Free cash flow | $68.7M | — | — |
What changed
Revenue was $306.9M in Q1 2026, down 7% year over year and down 5% from the previous quarter. OTT revenue was the largest line at 69% of revenue. OTT revenue lost $14.4M year over year (down 6%), 61% of the total change.
Operating costs exceeded revenue by $152.8M, an operating margin of -49.8%. Total costs fell 3% while revenue fell 7%. The fastest-growing cost line was General & admin (+15%). The quarter ended with a net loss of $164.9M, wider than the previous quarter's $20.7M loss.
Operating cash flow was $73.2M. Non-cash charges added back $68.5M of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items added $166.4M. Capital expenditures of $4.5M left free cash flow of $68.7M.
Questions
What was Starz Entertainment's revenue in the first quarter 2026?
Starz Entertainment (STRZ) reported revenue of $307M for the first quarter 2026 (Q1 2026), -7% from a year earlier and -5% from the quarter before.
Was Starz Entertainment profitable in the first quarter 2026?
Operating loss was $153M (-49.8% of revenue) and net loss $165M.