Starz Entertainment Corp. (STRZ) Earnings Call Transcripts

Starz Entertainment Corp.'s Latest Earnings Call - Q1 FY2026

In Q1 2026, Starz Entertainment Corp. reported total revenue of $307 million, a decrease from $323 million in Q4 2025, primarily due to timing in Canadian licensing revenue. Adjusted OIBDA was $58 million, reflecting a sequential increase driven by lower advertising and G&A expenses. Management raised their outlook for achieving a 20% margin to the back half of 2027, a year earlier than previously anticipated, signaling strong operational improvements and a focus on content ownership and cost management.

Reported metrics

Guidance from management

Starz reaffirmed its full year 2026 outlook, expecting OTT revenue growth versus 2025 and low single-digit adjusted OIBDA growth. The company anticipates unlevered free cash flow between $80 million and $120 million.

What management said

I think it's a combination of -- we knew that we had the titles through calendar '28. And so as that was rolling off, we had great line of sight into what that margin profile would look like. As we're able to work with the Universal and move that forward, that obviously brings the profitability of the company greater into a shorter period of time. But as you know, there's multiple ways to grow margin in the business....

Yes, Vikram, thanks for the question. We executed our price increase on April 1, and we have done this before. We are really positioned very well as a complementary service. $11.99 is a great price point for the value that we offer and for the audiences that we serve. So far, the price increase is digesting really well throughout our business. It's going to expectations. We'll have more information as we get into the...

What analysts pressed on

Analysts expressed concerns regarding the impact of the Universal deal exit on content acquisition and the potential for overexposure. They also questioned the sustainability of subscriber engagement following price increases and the long-term effects of the restructuring charges.

Main topics on the call

• Margin Expansion Timeline — Management has moved the target for achieving a 20% adjusted OIBDA margin forward by 12 months to the back half of 2027. CEO Jeffrey Hirsch stated, "This gives us clear line of sight visibility to reaching our 20% adjust...
• Content Strategy and Ownership — Starz is focusing on acquiring high-performing titles and building a robust content library through ownership. Hirsch mentioned, "We are continuing to build out our content library through ownership, which allows us to c...
• Subscriber Strategy Shift — The company is deemphasizing subscriber counts in favor of pricing discipline and higher lifetime value customers. Alison Hoffman noted, "Churn reached an all-time low in our business," indicating improved customer reten...
• Price Increase Impact — Starz implemented a price increase to $11.99 effective April 1, which has been well-received. Hoffman stated, "So far, the price increase is digesting really well throughout our business. It's going to expectations."

Read the full Starz Entertainment Corp. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 5 Starz Entertainment Corp. earnings call transcripts on record, spanning August 14, 2025 to August 7, 2026. Based on this history, Starz Entertainment Corp. reports quarterly. The most recent call on file is dated August 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

STRZ

Exchange

NasdaqGS

Country

US

Sector

Communication Services

Industry

Entertainment

Calls on record

5

First call

August 14, 2025

Most recent

August 7, 2026

Reporting cadence

quarterly