Quarterly ResultMay 7, 2026, 04:16 PM
Starz Q1 Net Loss $(164.9)M; Revenue Down 7.2%
AI Summary
Starz Entertainment Corp. reported a net loss of $(164.9) million for the first quarter of 2026, an increase from $(153.0) million in the prior year, as total revenue declined 7.2% to $306.9 million. The company's operating loss also widened to $(152.8) million, driven by increased programming amortization and significant content impairments totaling $128.1 million as part of its strategic content review. Despite the losses, Starz saw a positive shift in operating cash flow, providing $73.2 million compared to a cash outflow in the previous year, and its cash and cash equivalents significantly increased to $102.1 million.
Key Highlights
- Net loss increased to $(164.9) million for Q1 2026 from $(153.0) million in Q1 2025.
- Total revenue decreased 7.2% to $306.9 million in Q1 2026 from $330.6 million in Q1 2025.
- Operating loss widened to $(152.8) million in Q1 2026 from $(142.3) million in Q1 2025.
- Basic and diluted net loss per common share was $(9.83) for Q1 2026, compared to $(9.15) in Q1 2025.
- Cash and cash equivalents increased to $102.1 million as of March 31, 2026, from $35.7 million as of December 31, 2025.
- Net cash provided by operating activities was $73.2 million in Q1 2026, compared to $(63.5) million used in Q1 2025.
- Restructuring and other costs totaled $139.1 million, including $128.1 million in content impairments.
- The Board adopted a Shareholder Protection Rights Agreement on March 10, 2026.
Price Impact
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