STARZ ENTERTAINMENT CORP /CN/ — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 42/100
What the filing says
STARZ reported Q3 2026 total revenue of $322.4M (OTT: $226.6M, Linear: $95.8M) with Adjusted OIBDA of $44.2M, more than doubling year-over-year. The company reaffirmed all 2026 and 2027 targets including mid-single-digit Adjusted OIBDA growth, $100–$120M Unlevered Free Cash Flow, and 2.7x Adjusted OIBDA Leverage Ratio by year-end 2026. As of Sept 30, 2026, total debt stood at $687.5M ($362.4M Term Loan A, $325.1M senior unsecured notes), cash $86.8M, and net corporate debt $600.7M (2.8x leverage). The company incurred $291.4M in restructuring charges over the trailing twelve months.
Why this rating
Guidance reaffirmation is positive signal, but company is unprofitable (GAAP loss $34.8M Q3), leveraged 2.8x relative to $189M market cap, and undergoing post-separation restructuring with $389M accumulated deficit YTD.
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