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Starz Entertainment vs Angel Studios: STRZ and ANGX compared
Starz Entertainment is the larger company: $322M of revenue in its latest quarter (Q3 2026) against $112M for Angel Studios (Q2 2026). Angel Studios is growing faster (+28% against +0.5% a year earlier). Starz Entertainment is more profitable, with an operating margin of -6.6% against -16.6%.
Where the money goes: STRZ and ANGX
Starz Entertainment (STRZ) · Q3 2026
Starz Entertainment, Q3 2026: revenue $322M (+0.5% year over year), operating margin -6.6%, net loss $34.8M, operating cash flow $18.9M. The chart follows the revenue to costs, profit and cash.
Angel Studios (ANGX) · Q2 2026
Angel Studios, Q2 2026: revenue $112M (+28% year over year), operating margin -16.6%, net loss $23.8M, operating cash flow $16.9M. The chart follows the revenue to costs, profit and cash.
| Starz Entertainment (STRZ) | Angel Studios (ANGX) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $322M | $112M |
| Revenue growth, Y/Y | +0.5% | +28% |
| Operating margin | -6.6% | -16.6% |
| Net earnings | −$34.8M | −$23.8M |
| Net margin | -10.8% | -21.3% |
| Operating cash flow | $18.9M | $16.9M |
| Free cash flow | $13.1M | — |
| Market value | $380M | — |
| Analysts’ mean target | $35.00 | — |
Where the revenue comes from
Starz Entertainment
- OTT revenue: $227M (70%)
- Linear and other revenue: $95.8M (30%)
Angel Studios
- Angel Guild Memberships: $90.7M (81%)
- Content Licensing: $15.1M (14%)
- Theatrical Release Revenue: $2.8M (3%)
- Merchandise: $2.4M (2%)
Questions
Which is bigger, Starz Entertainment or Angel Studios?
Starz Entertainment is the larger company: $322M of revenue in its latest quarter (Q3 2026) against $112M for Angel Studios (Q2 2026).
Is Starz Entertainment or Angel Studios growing faster?
Angel Studios is growing faster (+28% against +0.5% a year earlier).
Which is more profitable, Starz Entertainment or Angel Studios?
Starz Entertainment is more profitable, with an operating margin of -6.6% against -16.6%.
More: Starz Entertainment earnings · how Starz Entertainment makes money · Angel Studios earnings · how Angel Studios makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Aug 4, 2026). Fiscal quarters can end on different dates. Not investment advice.