Starz Entertainment Corp. Reports Results for the Third Quarter Ended September 30, 2025
Financial Performance: STARZ reported a revenue of $320.9 million for Q3 2025, with an operating loss of $(34.8) million and an adjusted OIBDA of $21.8 million.
Subscriber Growth: The company experienced a U.S. OTT subscriber growth of 520,000 year-to-date and 670,000 year-over-year, reaching a total of 12.3 million U.S. OTT subscribers.
Management Outlook: STARZ management reiterated their 2025 outlook, emphasizing plans to generate new revenue through content licensing and improve series ownership economics.
Debt and Financial Position: As of September 30, 2025, STARZ had $588.1 million in total net debt, with $300 million outstanding on its Term Loan A credit facility and $325.1 million in senior unsecured notes.
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- Significant Subscriber Growth: Starz added 370,000 OTT subscribers in Q4 2025, bringing the total to 12.7 million, which represents a 7.6% year-over-year increase, enhancing the company's competitive position in the streaming industry.
- Financial Performance Exceeds Expectations: The company reported an adjusted OIBDA of $204 million for the year, surpassing the $200 million outlook, indicating strong profitability and effective cost management that will support future investments and expansion.
- Strategic Transformation and Content Investment: Starz restructured its Canadian business into a licensing revenue stream and plans to launch several original series in 2026, demonstrating a commitment to content creation that is expected to drive future user retention and revenue growth.
- Cash Flow and Leverage Improvement: The company anticipates generating between $80 million to $120 million in positive free cash flow in 2026, with leverage expected to decrease to 2.7x, reflecting positive progress in financial health and sustainable growth.
- Earnings Performance: Starz Entertainment Corp reported a Q4 GAAP EPS of -$1.24, missing expectations by $0.09, indicating challenges in profitability that may affect investor confidence.
- Revenue Growth: Despite the EPS miss, Starz's revenue reached $322.8 million, beating market expectations by $0.64 million, suggesting the company retains some competitive strength in revenue generation.
- Rating Upgrade: Seeking Alpha's Quant Rating has upgraded Starz Entertainment Corp, indicating potential market confidence in its future turnaround, which may attract more investor interest.
- Historical Financial Data: The historical financial data provided by Starz offers a foundation for analyzing its long-term performance, assisting investors in assessing the company's future growth potential and risks.
- Earnings Release Schedule: STARZ announced it will report its Q4 2025 financial results on February 26, 2026, reflecting the company's ongoing commitment to transparency and investor communication.
- Analyst Call: Following the earnings release, senior management will hold an analyst and investor call at 2:00 PM PT (5:00 PM ET) to provide in-depth insights into the financial results, aiming to bolster investor confidence.
- Market Positioning: As a leading entertainment destination for women and underrepresented audiences, STARZ offers a diverse programming mix, emphasizing its unique positioning and brand value in the competitive streaming market.
- Technological Infrastructure: The company leverages advanced technology, data analytics, and digital infrastructure to ensure its content is widely available across major digital OTT platforms and multichannel video distributors, enhancing user experience and market competitiveness.
- Earnings Release Date: STARZ announced it will report its Q4 2025 financial results on February 26, 2026, reflecting the company's commitment to transparency and investor communication, which may influence market expectations regarding its future performance.
- Analyst Call: Following the earnings release, STARZ management will hold an analyst and investor call at 2:00 PM PT (5:00 PM ET), providing in-depth financial analysis and strategic discussions aimed at bolstering investor confidence.
- Brand Positioning: STARZ aims to be the leading entertainment destination for women and underrepresented audiences, offering a diverse mix of original programming and blockbuster films, showcasing its unique positioning and market strategy in the competitive streaming landscape.
- Technological Infrastructure: STARZ leverages advanced technology, data analytics, and digital infrastructure to ensure its competitiveness across OTT platforms and multichannel video distributors, further solidifying its market leadership.

Financial Performance: STARZ reported a revenue of $320.9 million for Q3 2025, with an operating loss of $(34.8) million and an adjusted OIBDA of $21.8 million.
Subscriber Growth: The company experienced a U.S. OTT subscriber growth of 520,000 year-to-date and 670,000 year-over-year, reaching a total of 12.3 million U.S. OTT subscribers.
Management Outlook: STARZ management reiterated their 2025 outlook, emphasizing plans to generate new revenue through content licensing and improve series ownership economics.
Debt and Financial Position: As of September 30, 2025, STARZ had $588.1 million in total net debt, with $300 million outstanding on its Term Loan A credit facility and $325.1 million in senior unsecured notes.





