Starz Entertainment Corp.
- Open
- 29.24
- Day high
- 29.41
- Day low
- 28.32
- Prev close
- 28.98
- Volume
- 153K
- Mkt cap
- $545M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 1.1
- P/S
- 0.4
- Yield
- —
- Per share
- —
- ▲Insiders net buying $17K over the last 3 months (2 open-market buys, 3 sales)
- ◆Cluster buying — multiple insiders bought within days
- 🏛Institutions mixed (13F)
Starz Entertainment Corp. (STRZ) is a Communication Services company listed on NASDAQ. The stock is up 78% over the past year. Over the trailing 3 months, insiders filed 2 open-market buys and 3 sales (SEC Form 4).
Starz Entertainment Corp. (STRZ) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 3 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
STRZ earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $-1.00 | $-9.83 | -879.8% | $307M | +0.1% |
| Nov 13, 2025 | $-1.16 | $-2.63 | -126.7% | $321M | -0.3% |
| Aug 14, 2025 | $-1.12 | $-2.23 | -99.1% | $320M | -1.9% |
| Jun 26, 2025 | $-1.32 | $2.02 | +253.0% | $-1.4B | -353.6% |
| Jun 29, 2024 | — | $-5.04 | — | $835M | — |
| Mar 30, 2024 | — | $-3.36 | — | $1.1B | — |
| Dec 30, 2023 | — | $-9.07 | — | $975M | — |
| Feb 6, 2020 | — | $-0.42 | — | $999M | — |
| Dec 17, 2019 | — | $0.16 | — | $984M | — |
| Jul 1, 2019 | — | $-14.41 | — | $914M | — |
| May 23, 2019 | — | $-0.72 | — | $914M | — |
| Dec 17, 2018 | — | $-13.49 | — | $901M | — |
STRZ insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 18, 2026 | Kapenstein James M.officer: SEE REMARKS | Grant | 11,302 | — |
| May 19, 2026 | FINE EMILYdirector | Grant | 6,488 | — |
| May 19, 2026 | RACHESKY MARK H MDdirector, 10 percent owner: | Grant | 6,488 | — |
| May 19, 2026 | SIMMONS HARDWICKdirector | Grant | 6,488 | — |
| May 19, 2026 | Wilson Royce E.director | Grant | 6,488 | — |
| May 19, 2026 | Sapan Joshua Wdirector | Grant | 6,488 | — |
| May 19, 2026 | Gersh Lisadirector | Grant | 6,488 | — |
| May 19, 2026 | Clyburn Mignon Ldirector | Grant | 6,488 | — |
| May 19, 2026 | Arani Ramindirector | Grant | 6,488 | — |
| May 14, 2026 | Hoffman Alisonofficer: President of Starz Networks | Option | 13,661 | $8.39 |
| May 14, 2026 | Hoffman Alisonofficer: President of Starz Networks | Sell | 1,697 | $22.18 |
| May 14, 2026 | Hoffman Alisonofficer: President of Starz Networks | Sell | 300 | $23.14 |
| May 14, 2026 | Wyrick Jasonofficer: SEE REMARKS | Grant | 6,338 | — |
| May 14, 2026 | MACDONALD SCOTT Dofficer: SEE REMARKS | Buy | 5,000 | $20.59 |
| May 14, 2026 | Hoffman Alisonofficer: President of Starz Networks | Grant | 17,821 | — |
Source: STRZ SEC Form 4 filings, latest Jun 18, 2026. For informational purposes only — not investment advice.
See the full STRZ insider & 13F page →Starz Entertainment Corp. company profile
Overview
Starz Entertainment LLC (NASDAQ:STRZ) is a premium subscription video streaming service provider that operates primarily in the United States and Canada. The company distributes STARZ-branded premium content through multiple channels including direct-to-consumer streaming via the STARZ app and through traditional multichannel video programming distributors (MVPDs). Based in Vancouver, Canada, Starz competes in the highly competitive premium streaming entertainment market alongside services like HBO Max, Showtime, and Netflix's premium tiers.
Business
Starz operates in the subscription video-on-demand (SVOD) streaming industry, which has become a dominant force in home entertainment over the past decade. The company's core offering is premium subscription video content delivered through streaming platforms, featuring original series, movies, and licensed content. The streaming industry works by providing on-demand access to video content over the internet, eliminating the need for traditional cable television schedules or physical media. Subscribers pay a monthly fee to access a library of content that they can watch anytime on various devices including smartphones, tablets, smart TVs, and computers. Starz differentiates itself as a premium cable network that has transitioned to streaming, similar to how HBO evolved into HBO Max. The company focuses on adult-oriented content including drama series, action movies, and content that typically carries mature ratings. This positions Starz in a specific niche within the broader streaming market, competing more directly with premium services rather than general entertainment platforms. The company operates through two primary distribution channels: 1. Direct-to-consumer streaming through the STARZ app, where customers subscribe directly to the service, and 2. Distribution partnerships with traditional cable providers and newer streaming aggregators who bundle STARZ as an add-on premium channel to their existing services.
Revenue model
Starz generates revenue primarily through subscription fees from consumers who pay monthly for access to its content library. The company operates on a recurring revenue model where subscribers pay approximately $9-15 per month depending on the distribution channel and promotional offers. The company's revenue streams include direct subscriptions through its own app and revenue sharing agreements with distribution partners. When customers subscribe to STARZ through cable providers, streaming platforms like Amazon Prime Video, or other distributors, Starz receives a portion of the subscription fee while the distributor keeps a commission for customer acquisition and billing services. Several factors significantly impact Starz's profitability margins. Content acquisition and production costs represent the largest expense, as the company must continuously invest in new original programming and license popular movies and shows to remain competitive. The streaming industry has seen dramatic cost inflation as platforms bid against each other for premium content and talent. Customer acquisition costs also pressure margins, as Starz must spend heavily on marketing to attract subscribers in an increasingly crowded market. The company competes not only with other premium services but also with free and lower-cost alternatives, requiring significant promotional spending and discounting. Conversely, the scalability of digital distribution provides margin expansion opportunities. Unlike traditional cable networks, streaming services can serve additional subscribers with minimal incremental costs once content is produced. Higher subscriber counts also provide more negotiating leverage with content creators and distributors, potentially reducing per-subscriber content costs over time.
Competitive moat
Starz operates in a highly competitive streaming market with limited sustainable competitive advantages. The company's primary moat lies in its brand recognition as an established premium cable network and its existing content library, particularly original series that have developed dedicated fan bases. However, this moat is relatively weak compared to larger streaming competitors. Unlike Netflix's massive scale advantages or Disney's irreplaceable intellectual property portfolio, Starz lacks unique content assets that cannot be replicated by competitors with sufficient capital investment. The company's content library, while valuable, consists largely of licensable material and original programming that faces direct competition from better-funded rivals. The most significant competitive threats come from deep-pocketed technology and media giants including Netflix, Amazon Prime Video, Apple TV+, and traditional media companies like Warner Bros Discovery (HBO Max) and Paramount (Showtime). These competitors possess substantially larger content budgets, enabling them to outbid Starz for premium content and talent. Additionally, the streaming market faces potential disruption from changing consumer preferences toward free, ad-supported content and the emergence of social media platforms as entertainment destinations. Younger demographics increasingly consume short-form content on platforms like TikTok and YouTube, potentially reducing demand for traditional long-form premium content that represents Starz's core offering. The company's position as a smaller player in a consolidating industry suggests limited pricing power and ongoing pressure to increase content spending just to maintain competitive relevance.
Risks & safety
Starz exhibits significant financial stress indicators that raise solvency concerns, particularly given the capital-intensive nature of the streaming business. • Cash burn and liquidity crisis: The company generated negative free cash flow of -$117 million in Q4 2024, with operating cash flow of -$112 million. Cash reserves have declined from $358 million in Q1 2024 to $243 million in Q4 2024. • Debt burden and balance sheet stress: Total liabilities of $7.32 billion exceed total assets of $7.17 billion, creating negative book value. Current ratio of 0.32 indicates severe short-term liquidity constraints, with current liabilities exceeding current assets by more than 3:1. • Valuation metrics: EV/EBITDA of 3.26x appears attractive but is misleading given negative free cash flow generation. The company trades at negative book value, making traditional valuation metrics less meaningful. • Other considerations: Declining revenue trajectory from $1.12 billion in Q1 2024 to $971 million in Q4 2024 suggests deteriorating business fundamentals. The combination of cash burn, debt burden, and revenue decline creates a precarious financial position requiring either significant operational improvement or external financing.
Recent development
Based on the available financial data, Starz appears to be navigating a challenging transition period in the streaming industry. The company has experienced significant revenue volatility with quarterly revenues fluctuating between $835 million and $1.12 billion throughout 2024, suggesting potential subscriber churn or pricing pressures. The company's financial performance shows mixed signals with EBITDA improvement from $358 million in Q2 2024 to $534 million in Q4 2024, indicating some operational efficiency gains despite revenue challenges. However, this improvement has not translated into positive cash flow generation, with the company continuing to burn cash across all quarters. Starz appears to be dealing with the industry-wide challenge of content cost inflation while trying to maintain subscriber growth in an increasingly competitive market. The negative free cash flow generation suggests the company is likely investing heavily in content production and acquisition to remain competitive, though specific strategic initiatives are not detailed in the available financial statements. The company's balance sheet deterioration over the reporting periods indicates potential financial restructuring needs or strategic alternatives may be under consideration, as the current cash burn rate appears unsustainable without additional financing or significant operational changes.
STRZ company profile · for informational purposes only — not investment advice.
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