Quarterly ResultAug 7, 2026, 07:03 AM
STARZ Raises 2026 Outlook for Adjusted OIBDA & Unlevered Free Cash Flow
AI Summary
Starz Entertainment Corp. reported second-quarter 2026 financial results, with revenue of $307.9 million and an operating loss of $(175.5) million, primarily due to a non-recurring restructuring charge. Adjusted OIBDA for the quarter was $59.9 million. The company increased its 2026 outlook for Adjusted OIBDA growth to mid-single-digits and Unlevered Free Cash Flow to the mid-to-upper end of its previous range. STARZ also reaffirmed its year-end leverage target of 2.7x and positive year-over-year OTT revenue growth.
Key Highlights
- Q2 2026 Revenue: $307.9 million.
- Q2 2026 Operating Loss: $(175.5) million, due to restructuring charge.
- Q2 2026 Adjusted OIBDA: $59.9 million.
- Q2 2026 Unlevered Free Cash Flow: $(14.7) million.
- 2026 Adjusted OIBDA growth outlook raised to mid-single-digits.
- 2026 Unlevered Free Cash Flow outlook raised to mid-to-upper range.
- Reaffirmed 2026 year-end Adjusted OIBDA Leverage Ratio of 2.7x.
- Achieved positive year-over-year OTT revenue growth.
Price Impact
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