STARZ ENTERTAINMENT CORP /CN/ — Form 8-K
Filed August 7, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 48/100
What the filing says
STARZ reported Q2 2026 revenue of $307.9M with Adjusted OIBDA of $59.9M but GAAP operating loss of $(175.5)M due to $151.2M restructuring charges (including $147.2M contract termination fees). The company raised full-year Adjusted OIBDA growth guidance from low-single-digits to mid-single-digits and raised Unlevered Free Cash Flow outlook to mid-to-upper end of $80–$120M range, while reaffirming 2.7x year-end leverage target. Net debt stood at $565.5M as of June 30, 2026; cash position is $59.6M with $150M undrawn revolver.
Why this rating
Guidance raise is positive but offset by heavy restructuring ($147M contract termination), high leverage (2.9x TTM), negative operating cash flow Q2, and large accumulated deficit ($462.8M). Material events relative to ~$189M market cap but execution risk remains.
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