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How Starz Entertainment (STRZ) makes money

Starz Entertainment (STRZ) made $322M of revenue in the third quarter 2026 (Q3 2026), +0.5% from a year earlier. OTT revenue brought in $227M (70%); Linear and other revenue brought in $95.8M (30%).

Drawing the Sankey…

Starz Entertainment revenue by segment, Q3 2026Starz Entertainment revenue by segment, Q3 2026OTT revenue$227MLinear and other revenue$95.8M
Starz Entertainment: revenue by line, Q2 2025 to Q3 2026Starz Entertainment: revenue by line, Q2 2025 to Q3 2026OTT revenueLinear and other reve…OTT revenue: $227M latest$227MLinear and other revenue: $95.8M latest$95.8MQ2 2025Q3 2025Q1 2026Q2 2026Q3 2026
The mix barely moved between Q2 2025 and Q3 2026.
Starz Entertainment revenue by quarterStarz Entertainment revenue by quarter$970MQ4 2024$331MQ1 2025$320MQ2 2025$321MQ3 2025$307MQ1 2026$308MQ2 2026$322MQ3 2026
Starz Entertainment: where each dollar of revenue goesStarz Entertainment: where each dollar of revenue goesOperating cash flow6¢Free cash flow4¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
OTT revenue$227M70.3%+2%+2%
Linear and other revenue$95.8M29.7%+11%-2%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$322M100.0%
Operating cash flow$18.9M5.9%
Free cash flow$13.1M4.1%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$322M+0.5%
Q2 2026$308M-4%
Q1 2026$307M-7%
Q3 2025$321M-8%
Q2 2025$320M-8%
Q1 2025$331M—
Q4 2024$970M-0.5%

From Starz Entertainment's 10-Q filed Oct 29, 2026 (on EDGAR).

Questions

How does Starz Entertainment make money?

Starz Entertainment (STRZ) made $322M of revenue in the third quarter 2026 (Q3 2026), +0.5% from a year earlier. OTT revenue brought in $227M (70%); Linear and other revenue brought in $95.8M (30%).

What is Starz Entertainment's biggest business?

OTT revenue: $227M in the third quarter 2026, 70% of revenue, +2% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.