Starz Entertainment Corp

STRZ

Market cap $305M

Starz trades at a deep discount, with a 4x EV/EBITDA multiple and 24.5% unlevered FCF yield, despite strong OTT subscriber growth. OTT now represents 72% of STRZ's 17.6 million US subs, with linear rapidly declining; the business is nearing an inflection where streaming growth offsets linear erosion. STRZ's in-house content production, like Fightland, aims to boost margins and address concerns over lack of proprietary library, supporting OIBDA growth from $200M (2025) to $300M (2028).

SANTA MONICA, Calif., April 7, 2026 /PRNewswire/ -- STARZ (NASDAQ: STRZ) announced today the company will report its first quarter financial results for 2026, ended March 31, 2026, on Thursday, May 7.

The average of price targets set by Wall Street analysts indicates a potential upside of 64.7% in Starz Entertainment Corp. (STRZ). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

EXCLUSIVE: In Starz's Q4 earnings report in February, the company called 2026 a “positive financial inflection point” as the company projected a transition to profitability following its separation from Lionsgate. In addition to OTT subscriber growth and increasing content ownership, cost-reduction inevitably is part of the equation. That includes staff cuts.

SANTA MONICA, Calif. and VANCOUVER, BC, March 10, 2026 /PRNewswire/ -- Starz Entertainment Corp. (NASDAQ: STRZ) (the "Company" or "STARZ") today announced that its Board of Directors (the "Board") unanimously adopted a limited-duration shareholder protection rights agreement (the "Rights Plan").

The consensus price target hints at a 30% upside potential for Starz Entertainment Corp. (STRZ). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Byron Allen has acquired a 10.7% stake in Starz, paying $25 million for 1.8 million shares in the entertainment company. The deal follows years of Allen throwing his name in the mix for a range of media properties.

Starz Entertainment (STRZ) is upgraded to a buy, driven by accelerating U.S. subscriber growth and a clear path to profitability post-spin-off. STRZ expects $80–120 million unlevered FCF and at least $200 million adjusted OIBDA in FY26, supporting significant debt deleveraging. Canadian restructuring shifts STRZ to a licensing model, reducing operational costs and aligning cash content spend with programming amortization.

Starz Entertainment posts wider Q4 loss as revenues slip 6% on OTT weakness, but subscriber gains and OIBDA surge point to a 2026 cash flow turnaround.

Starz Entertainment Corp. (STRZ) Q4 2025 Earnings Call Transcript