Starz Entertainment Corp. STRZ

Communication ServicesSoftware & IT ServicesUnited States of America

Last close 22.09 USD on Nov 2, 2026, +88.8% year to date

Quant rating

Quant rating D Rank 123 of 135 in Communication Services

Growth D 114 of 135
Valuation D 112 of 135
Quality D 134 of 135
Revisions D 114 of 135
Momentum B 50 of 135

Wall Street consensus Buy (2.20)Average target 36.03 USD +63.1%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 381M
Enterprise value: 1.1B
52-week range: 8.40 – 32.47
3-year range: 8.40 – 32.47
Dividend yield: –
Beta (5 years): –
Shares outstanding: 17.3M
Next earnings: Mar 27, 2027

About the company

Starz Entertainment Corp. is the premium entertainment destination for women and underrepresented audiences, and home to some of the popular franchises and series on television. The Company offers a programming mix for discerning adult audiences, including originals and an expansive lineup of movies, and is embodied by its brand positioning We're All Adults Here. Complementary to any platform or service, it is available across a range of digital over-the-top (OTT) platforms and multichannel video distributors and is a bundling partner of choice. The Company operates primarily in the United States and Canada and distributes the STARZ branded premium subscription video services on a direct-to-consumer OTT basis through the Starz App and through wholesale OTT and multichannel video programming distributors (MVPDs), including cable operators, satellite television providers and telecommunications companies (in the aggregate the Starz Platform).

Growth and profitability

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	963	1,392	1,422	3,604	3,272	–
Revenue growth	−30.8%	−2.1%	−60.5%	10.2%	−15.9%	−24.4%
EPS (basic, normalized)	–	–	–	–	–	–
EPS growth	–	–	–	–	–	–
Gross margin	87.8%	50.3%	49.5%	42.7%	49.4%	55.9%
Net margin	−12.0%	−57.8%	−93.9%	−5.2%	−0.6%	−33.9%
ROE	–	−94.5%	−77.1%	−6.9%	−0.7%	−44.8%

Balance sheet, last quarter
Cash & short-term investments (mil)	86.8
Current ratio	0.25x
Long-term debt (mil)	607
Net debt (mil)	673
Total equity (mil)	269
Net debt / equity	2.50x
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	963	−30.8%	1.1x	–	–	–	–	–	–
2026	1,244	+29.1%	0.8x	231	–	4.6x	−24.89	–	−0.9x
2027	1,246	+0.2%	0.8x	233	+1.2%	4.5x	−4.25	+82.9%	−5.2x
2028	1,254	+0.6%	0.8x	248	+6.4%	4.2x	−5.49	−29.3%	−4.0x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	1,244	−1.5%	−1.0%	−1.9%	−24.89	+0.3%	−113.5%	−971.0%
2027	1,246	−2.1%	−1.4%	−2.8%	−4.25	−1.5%	−63.7%	−182.2%
2028	1,254	−2.1%	−1.6%	−3.2%	−5.49	−1.7%	−104.5%	−4,126.2%

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	Mar 2026	Jun 2026
Sales reported (mil)	–	–	–	–	–	–	–	–	307	308
Sales mean (mil)	–	–	–	–	–	–	–	–	308	308
Surprise	–	–	–	–	–	–	–	–	−0.5%	+0.1%
EPS reported	–	–	–	–	–	–	–	–	−9.83	−11.27
EPS mean	–	–	–	–	–	–	–	–	−0.35	−1.29
Surprise	–	–	–	–	–	–	–	–	−2,669.0%	−773.6%

Peer comparison Software & IT Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
STRZ Starz Entertainment Corp.	381M	–	−12.0%	1.25x	−0.9x	−5.2x	4.6x	4.5x
NFLX Netflix, Inc.	256.0B	0.49x	24.3%	8.74x	17.4x	16.5x	15.4x	13.3x
SPOT Spotify Technology S.A.	122.1B	−3.72x	12.9%	13.05x	44.8x	34.8x	32.5x	24.9x
TTWO Take-Two Interactive Software, Inc.	35.9B	0.60x	−4.5%	9.96x	27.5x	18.9x	21.1x	15.5x
RBLX Roblox Corporation	30.7B	−1.28x	−21.8%	−30,689.04x	−32.3x	−33.8x	23.5x	20.7x
TTD The Trade Desk, Inc.	5.9B	−1.24x	15.3%	2.29x	10.8x	12.1x	5.5x	6.5x
Mean		−1.03x	2.4%	−5,108.96x	11.2x	7.2x	17.1x	14.2x
Median		−1.24x	4.2%	5.52x	14.1x	14.3x	18.2x	14.4x

Technical analysis

1M−5.0%
3M−15.1%
1Y+110.2%
3Y+97.2%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Starz Entertainment Corp., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	963	1,392	1,422	3,604	3,272	3,890
Cost of revenue	117	693	719	2,067	1,656	2,138
Gross profit	846	700	704	1,538	1,616	1,752
Selling, general & administrative expenses	296	553	548	1,336	1,189	1,435
Research & development	2.4	–	–	–	–	–
Depreciation/amortization	595	162	156	178	188	198
Interest expense (income), operating	–	–	–	–	–	0.4
Unusual expense (income)	18.4	867	1,290	42.8	73.2	111
Other operating expenses	0	0	0	0	0	0
Operating income	−66.4	−882	−1,290	−19.2	165	8.2
Net interest income (expense)	−43.0	−43.7	−58.0	−147	−176	−200
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−6.1	−7.5	−6.7	−10.9	−6.7	−11.1
Net income before taxes	−116	−934	−1,354	−177	−17.4	−203
Provision for taxes	0.3	−129	−18.3	28.4	17.1	3.3
Minority interest	–	–	–	17.2	15.6	18.0
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−116	−805	−1,336	−188	−18.9	−188
Extraordinary items	0	−111	−535	–	–	0
Net income	−116	−915	−1,871	−188	−18.9	−188
EBIT, normalized	−48.0	−14.9	0.6	23.6	238	120
EBITDA, normalized	547	636	667	1,769	1,616	2,024
Basic EPS, normalized	–	–	–	–	–	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Starz Entertainment Corp., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	35.7	23.0	272	371	529	318
Receivables	84.4	52.9	775	611	601	619
Total inventory	–	–	–	14.1	14.3	324
Prepaid expenses	–	18.1	43.3	61.8	40.9	46.3
Other current assets	12.1	32.8	27.9	0	1.5	0.6
Total current assets	132	127	1,118	1,058	1,187	1,308
Property, plant & equipment	1,085	1,038	258	252	218	278
Goodwill	–	–	1,290	2,764	2,764	2,834
Intangibles	691	966	4,248	4,454	3,798	3,237
Long-term investments	–	–	64.7	56.0	31.9	40.3
Note receivable	2.5	3.5	385	364	241	231
Other long-term assets	3.0	4.2	62.5	42.5	66.3	23.8
Total assets	1,913	2,139	7,426	8,991	8,306	7,951
Liabilities
Accounts payable	60.0	80.3	368	–	–	–
Payable/accrued	–	–	–	544	504	491
Accrued expenses	43.4	55.4	273	41.4	41.4	35.3
Short-term debt	87.7	51.5	0	0	0	0
Current portion of long-term debt	7.5	–	1,049	1,174	473	422
Other current liabilities	341	221	881	643	675	559
Total current liabilities	539	408	2,571	2,403	1,693	1,508
Long-term debt	647	697	2,995	2,931	2,861	2,761
Minority interest	–	–	345	323	221	170
Other liabilities	80.6	115	731	652	738	854
Total liabilities	1,267	1,220	6,642	6,310	5,513	5,293
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	735	–	3,103	3,022	2,959	2,881
Additional paid-in capital	–	–	–	–	–	–
Retained earnings (accumulated deficit)	−108	–	−2,440	−370	−82.9	−16.9
Treasury stock	–	–	–	–	–	–
Other equity	19.4	919	121	29.3	−83.3	−206
Total equity	646	919	784	2,682	2,793	2,658
Total liabilities & shareholders' equity	1,913	2,139	7,426	8,991	8,306	7,951

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Starz Entertainment Corp., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	−116	−915	−1,871	−205	−34.5	−206
Depreciation, depletion & amortization	595	788	801	1,746	1,378	1,904
Deferred taxes	–	−60.5	−25.1	−1.7	3.4	−0.9
Non-cash items	31.4	864	1,610	273	168	146
Changes in working capital	−493	−808	−953	−2,472	−1,516	−1,229
Cash from operations	17.9	−132	−438	−661	−0.5	615
Investing activities
Capital expenditures	−16.6	−20.4	−34.3	−194	−35.0	−31.1
Other investing cash flows	83.4	−4.4	−8.2	114	3.9	−20.6
Cash from investing	66.8	−24.8	−42.5	−80.5	−31.1	−51.7
Financing activities
Financing cash flow items	−14.4	276	576	−65.1	−33.4	−9.1
Cash dividends paid	–	–	–	–	0	0
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−52.4	−144	−148	664	271	−417
Cash from financing	−66.8	132	428	599	238	−426
Foreign exchange effects	–	–	–	−2.1	4.2	−2.9
Net change in cash	17.9	−24.6	−52.7	−144	210	134
Free cash flow	1.3	−152	−473	−855	−35.5	584

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.