Home / Business and Economy / Starz Q3 Earnings Beat Estimates
Starz Q3 Earnings Beat Estimates
29 Oct
Summary
- Starz reported a narrower net loss in Q3 2026 compared to Q3 2025.
- 'Michael' became the best-performing Pay 1 title in Starz history.
- OTT revenue saw a year-over-year increase in the third quarter.
Starz announced its third-quarter 2026 financial results, exceeding Wall Street's expectations. The media company significantly narrowed its net loss to $34.8 million for the period ending September 30, a notable improvement from the $52.6 million loss in the comparable quarter of 2025.
The network's OTT revenue experienced a year-over-year increase, reaching $226.6 million. This growth was further bolstered by the successful launch of Lionsgate's "Michael," which debuted on August 10 and has since become the best-performing Pay 1 title in Starz's history.
Linear TV and other revenues reported $95.8 million, showing a slight decrease from the previous year. However, this was partially mitigated by increased distribution revenue, driven by the company's first owned original series, "Fightland."
Starz President and CEO Jeffrey Hirsch expressed confidence in the company's focused execution and programming strategy, which is building a more resilient revenue base. He emphasized that strategic transactions would only be considered if they accelerate the company's strategy and offer greater value than Starz can achieve independently.
