Starz Doubles Adjusted OIBDA to $44.2M, Reaffirms 2026 and 2027 Targets
STRZ has more than doubled off its 52-week low of $8.4.
Summary
Starz posted Q3 revenue of $322.4 million, up slightly from $320.9 million a year ago, with OTT revenue of $226.6 million growing both sequentially and year-over-year. Adjusted OIBDA more than doubled to $44.2 million from $21.8 million, and the operating loss narrowed to $21.2 million from $34.8 million. Management reaffirmed all 2026 targets — mid-single-digit Adjusted OIBDA growth, $100 million to $120 million in unlevered free cash flow, and leverage near 2.7x exiting the year — plus a 20% Adjusted OIBDA margin outlook for the second half of 2027. The quarter also carried a credit from reduced content termination and impairment estimates, which flattered the Adjusted OIBDA line; the nine-month net loss still stands at $389.1 million on $282.0 million of restructuring and other charges. Net corporate debt is $600.7 million with leverage at 2.8x, and the $183.0 million revolver is undrawn. The 5:00 p.m. ET call today is the next checkpoint on the reaffirmed targets.
At the time of this announcement, STRZ was trading at $21.74 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $372.3M. The 52-week trading range was $8.40 to $32.58. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.