Filing Flows › Starz Entertainment (STRZ) › Q2 2025
Starz Entertainment (STRZ) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
Starz Entertainment (STRZ) reported revenue of $320M for the second quarter 2025 (Q2 2025), -8% from a year earlier and -3% from the quarter before. Operating margin was -8.4%, net loss $42.5M (13.3% of revenue).
Starz Entertainment, Q2 2025: revenue $320M (-8% year over year), operating margin -8.4%, net loss $42.5M, operating cash flow $65.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $320M | -3% | -8% |
| Operating profit | −$26.9M | — | — |
| Net earnings | −$42.5M | — | — |
| Operating cash flow | $65.4M | — | — |
| Free cash flow | $58.5M | — | — |
What changed
Revenue was $319.7M in Q2 2025, down 8% year over year and down 3% from the previous quarter. OTT revenue was the largest line at 69% of revenue. Linear and other revenue lost $14.6M year over year (down 13%), 52% of the total change.
Operating costs exceeded revenue by $26.9M, an operating margin of -8.4%. Total costs grew 3% against a revenue fall of 8%. The fastest-growing cost line was Other operating costs (+11%). The quarter ended with a net loss of $42.5M, narrower than the previous quarter's $153.0M loss.
Operating cash flow was $65.4M. Non-cash charges added back $48.7M of depreciation and amortization and $7.4M of share-based compensation. Working capital and other items added $51.8M. Capital expenditures of $6.9M left free cash flow of $58.5M.
Questions
What was Starz Entertainment's revenue in the second quarter 2025?
Starz Entertainment (STRZ) reported revenue of $320M for the second quarter 2025 (Q2 2025), -8% from a year earlier and -3% from the quarter before.
Was Starz Entertainment profitable in the second quarter 2025?
Operating loss was $26.9M (-8.4% of revenue) and net loss $42.5M.