Filing Flows › Starz Entertainment (STRZ) › Q2 2026
Starz Entertainment (STRZ) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Starz Entertainment (STRZ) reported revenue of $308M for the second quarter 2026 (Q2 2026), -4% from a year earlier and +0.3% from the quarter before. Operating margin was -57.0%, net loss $189M (61.5% of revenue).
Starz Entertainment, Q2 2026: revenue $308M (-4% year over year), operating margin -57.0%, net loss $189M, operating cash flow −$28.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $308M | +0.3% | -4% |
| Operating profit | −$176M | — | — |
| Net earnings | −$189M | — | — |
| Operating cash flow | −$28.2M | -139% | -143% |
What changed
Revenue was $307.9M in Q2 2026, down 4% year over year and roughly flat from the previous quarter. OTT revenue was the largest line at 72% of revenue. Linear and other revenue lost $12.0M year over year (down 12%), 102% of the total change.
Operating costs exceeded revenue by $175.5M, an operating margin of -57.0%. Total costs grew 39% against a revenue fall of 4%. The fastest-growing cost line was Other operating costs (+47%). The quarter ended with a net loss of $189.4M, wider than the previous quarter's $164.9M loss.
Operating cash flow was −$28.2M. Non-cash charges added back $67.3M of depreciation and amortization and $17.0M of share-based compensation. Working capital and other items added $76.9M. Capital expenditures of $5.2M exceeded it, leaving free cash flow of −$33.4M.
Questions
What was Starz Entertainment's revenue in the second quarter 2026?
Starz Entertainment (STRZ) reported revenue of $308M for the second quarter 2026 (Q2 2026), -4% from a year earlier and +0.3% from the quarter before.
Was Starz Entertainment profitable in the second quarter 2026?
Operating loss was $176M (-57.0% of revenue) and net loss $189M.