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Starz Entertainment Q3 revenue rises year-over-year

By Reuters News


Overview

  • US premium entertainment firm's Q3 revenue and OTT revenue grew both sequentially and yr/yr

  • Adjusted OIBDA for Q3 more than doubled yr/yr, despite an operating loss

  • Company reaffirmed all 2026 financial targets, including OIBDA and free cash flow


Outlook

  • Company reiterates outlook for positive year-over-year OTT revenue growth in 2026

  • Company maintains 2026 Adjusted OIBDA outlook of mid-single-digit percentage growth

  • Company reaffirms 2026 Unlevered Free Cash Flow outlook of $100 mln to $120 mln


Result Drivers

  • PROGRAMMING PORTFOLIO - Co said its portfolio approach to programming is driving a more durable revenue base

  • CONTENT COST STRUCTURE - Co undertook actions to rationalize its content portfolio and right-size content cost structure in response to industry changes


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Adjusted OIBDA

$44.2 mln

Q3 Operating Income

-$21.2 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

  • Wall Street's median 12-month price target for Starz Entertainment Corp. is $37.00, about 64.4% above its October 28 closing price of $22.50


Reuters Recommended Reads

  • Oct 28 - Chipotle tops quarterly sales expectations as it continues to attract diners

  • Oct 28 - MGM Resorts Q3 revenue dips

  • Oct 29 - Netherlands' Universal Music Q3 revenue rises on subscription growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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