Filing Flows › Starz Entertainment (STRZ) › Q3 2025
Starz Entertainment (STRZ) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
Starz Entertainment (STRZ) reported revenue of $321M for the third quarter 2025 (Q3 2025), -7% from a year earlier and +0.4% from the quarter before. Operating margin was -10.8%, net loss $52.6M (16.4% of revenue).
Starz Entertainment, Q3 2025: revenue $321M (-8% year over year), operating margin -10.8%, net loss $52.6M, operating cash flow −$26.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $321M | +0.4% | -7% |
| Operating profit | −$34.8M | — | — |
| Net earnings | −$52.6M | — | — |
| Operating cash flow | −$26.1M | -140% | — |
What changed
Revenue was $320.9M in Q3 2025, down 7% year over year and roughly flat from the previous quarter. OTT revenue was the largest line at 69% of revenue. Linear and other revenue lost $16.6M year over year (down 14%), 64% of the total change.
Operating costs exceeded revenue by $34.8M, an operating margin of -10.8%. Total costs fell 2% while revenue fell 7%. The quarter ended with a net loss of $52.6M, wider than the previous quarter's $42.5M loss.
Operating cash flow was −$26.1M. Non-cash charges added back $47.9M of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items used $25.3M. Capital expenditures of $5.2M exceeded it, leaving free cash flow of −$31.3M.
Questions
What was Starz Entertainment's revenue in the third quarter 2025?
Starz Entertainment (STRZ) reported revenue of $321M for the third quarter 2025 (Q3 2025), -7% from a year earlier and +0.4% from the quarter before.
Was Starz Entertainment profitable in the third quarter 2025?
Operating loss was $34.8M (-10.8% of revenue) and net loss $52.6M.