Starz (STRZ) Q3 2026 Earnings Call Transcript
Starz (STRZ) reported Q3 2026 earnings, highlighting new distribution deals, strong content performance, and reaffirmed financial guidance. Revenue was $322M, with OTT revenue up 1.7% YoY. Adjusted OIBDA was $44M, and unlevered free cash flow was $19M. The company expects mid-single-digit adjusted OIBDA growth and $100M-$120M in unlevered free cash flow for 2026.
How this was made

The 30-second read
Why it matters
The earnings beat and reaffirmed guidance suggest short‑term upside, while long‑term growth hinges on content ownership strategy.
Market read
Strong earnings may boost Starz and related streaming stocks.
What to watch
Potential headwinds from competition and subscriber churn not fully addressed.
Background
Starz held its Q3 2026 earnings call, outlining financial performance and outlook.
Ticker impact
Starz reported Q3 2026 results with $322M revenue and $44M adjusted OIBDA, reaffirming guidance.
likely upward pressure as investors price in better-than-expected earnings and guidance
Strong revenue growth, positive free cash flow, and reaffirmed guidance indicate financial health.
Market effects
Positive signal for the pay‑TV and streaming sector, may lift peers.
U.S. media stocks could see modest gains.
Limited to entertainment/media segment.
Counterpoint
If guidance is overly optimistic, the stock could face downside on future miss.
Key entities
- CompanyStarz Inc.
Media and streaming company reporting earnings.

