STARZ ENTERTAINMENT CORP /CN/ STRZ
Unless otherwise indicated or as the context requires, all references to the "Company," "Starz," "we," "us," and "our" refer to (i) following the Separation (as defined below), Starz Entertainment Corp., a corporation organized under the laws of the province of British Columbia, Canada, and its direct and indirect subsidiaries and (ii) prior to the Separation as the context requires, the Starz Business (as defined below). Prior to the Separation, as defined and further discussed below, the business of what would become Starz Entertainment Corp. (the "Company") substantially consisted of Lions Gate Entertainment Corp's ("Old Lionsgate" or "Parent") Media Networks segment consisting of (i) Starz Networks, which included the domestic distribution within the U.S. and Canada of STARZ branded premium subscription video services through over-the-top ("OTT") streaming platforms and distributors, on a direct-to-consumer basis through the STARZ App and through wholesale U.S. and Canada OTT and multichannel video programming distributors ("MVPDs"), including cable operators, satellite television providers and telecommunications companies (in the aggregate the "Starz Platform"), and (ii) International, which at that time primarily consisted of the OTT distribution of subscription video services outside the U.S. and Canada. ("LIONSGATE+") (collectively referred to as the "Starz Business"). Old Lionsgate also had a subsidiary Lionsgate Studios Corp. (formerly trading on the Nasdaq Stock Market under the ticker symbol LION) ("Legacy Lionsgate Studios") that included the company's motion picture and television studio operations (collectively referred to as the "LG Studios Business").
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $1.37B | $1.39B | $1.42B | $3.60B | $3.27B | $3.89B | $3.68B | $4.13B | $3.20B |
| SG&A | — | $101.8M | $129.2M | $124.0M | $475.4M | $486.6M | $430.4M | $445.4M | $454.4M | $355.4M |
| Total operating expenses | — | $1.54B | $2.30B | $2.77B | $3.60B | $3.10B | $3.89B | $3.55B | $3.88B | $3.22B |
| Operating income | — | -$170.4M | -$903.5M | -$1.35B | $9.0M | $170.6M | $2.8M | $130.0M | $248.7M | -$16.3M |
| Interest expense | — | $45.6M | $47.2M | $58.6M | $176.0M | $181.5M | $191.3M | $198.9M | $193.7M | $115.2M |
| Pre-tax income | — | -$223.9M | -$933.5M | -$1.35B | -$177.0M | -$17.4M | -$203.1M | -$308.1M | $148.7M | -$134.4M |
| Income tax | — | $8.6M | $128.9M | $18.3M | $28.4M | $17.1M | $3.3M | $8.5M | $319.4M | $148.9M |
| Net income | — | -$211.2M | -$915.2M | -$1.87B | -$188.2M | -$18.9M | -$188.4M | -$284.2M | $473.6M | $14.8M |
| EPS, basic | — | -12.63 | -54.73 | -8.82 | -0.84 | -0.09 | -0.86 | -1.33 | 2.27 | 0.09 |
| EPS, diluted | — | -12.63 | -54.73 | -8.82 | -0.84 | -0.09 | -0.86 | -1.33 | 2.15 | 0.09 |
| Shares, diluted (wtd. avg.) | — | $16.7M | $16.7M | $227.9M | $224.1M | $220.5M | $217.9M | $213.7M | $220.4M | $172.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $35.7M | $17.8M | $37.0M | $61.6M | $114.3M | $528.7M | $318.2M | $184.3M | $378.1M | $324.7M |
| Receivables | $84.4M | $52.7M | $52.9M | $582.1M | $442.2M | $383.7M | $522.0M | $647.2M | $946.0M | $908.1M |
| Total current assets | $132.2M | $170.5M | $126.8M | $1.12B | $1.06B | $1.19B | $1.31B | $1.39B | $1.77B | $1.69B |
| Property, plant and equipment | $49.1M | $48.6M | $51.1M | — | — | — | — | $155.3M | $161.7M | $165.5M |
| Goodwill | — | $0 | $0 | $494.0M | $2.76B | $2.76B | $2.83B | $2.83B | $2.74B | $2.70B |
| Other intangibles | $690.9M | $816.0M | $966.1M | $1.30B | $1.44B | $1.58B | $1.72B | $1.87B | $1.94B | $2.05B |
| Total assets | $1.91B | $2.17B | $2.14B | $7.43B | $8.99B | $8.31B | $7.95B | $8.41B | $8.97B | $9.20B |
| Accounts payable | $60.0M | $64.5M | $80.3M | $368.1M | $352.1M | $545.4M | $526.9M | $531.2M | $447.7M | $573.0M |
| Short-term debt | $7.5M | $0 | $860.3M | $41.4M | $222.8M | $88.0M | — | — | — | — |
| Total current liabilities | $539.4M | $622.5M | $408.4M | $2.57B | $2.40B | $1.69B | $1.51B | $1.65B | $2.41B | $1.69B |
| Long-term debt | $605.8M | $699.9M | $1.62B | $1.98B | $2.20B | $2.54B | — | — | — | — |
| Total liabilities | $1.27B | $1.41B | $1.22B | $6.30B | $5.99B | — | — | — | $5.71B | — |
| Retained earnings | -$108.5M | $0 | -$3.58B | -$2.44B | -$369.7M | -$82.9M | -$16.9M | $208.7M | $516.6M | $10.6M |
| Total equity | $646.0M | $766.4M | $919.2M | $1.53B | $2.80B | $2.79B | $2.66B | $2.92B | $3.16B | $2.51B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | -$46.0M | -$131.8M | -$438.3M | -$660.9M | -$500.0K | $614.6M | $427.5M | $386.4M | $558.5M |
| Depreciation and amortisation | — | $170.3M | $161.8M | $155.7M | $177.9M | $188.5M | $197.7M | $163.4M | $159.0M | $63.1M |
| Stock-based compensation | — | $18.0M | $24.6M | $25.7M | $100.0M | $89.0M | $50.5M | $68.1M | $88.4M | $76.9M |
| Capital expenditure | — | $17.6M | $20.4M | $34.3M | $33.1M | $35.0M | $31.1M | $43.8M | $45.9M | $25.2M |
| Investing cash flow | — | -$99.2M | -$24.8M | -$42.5M | -$80.5M | -$31.1M | -$51.7M | -$121.7M | $292.6M | -$1.15B |
| Financing cash flow | — | $126.0M | $132.0M | $428.1M | $599.4M | $237.9M | -$426.1M | -$499.3M | -$622.4M | $850.1M |
| Dividends paid | — | — | — | — | — | $0 | $0 | $57.4M | $0 | $26.8M |
| Buybacks | — | — | — | $0 | $0 | $2.2M | $2.6M | $0 | $0 | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000929351-26-000011.
Others in SIC 7812
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| TOON | Kartoon Studios, Inc. | $41.1M | — | 20.7% |
| GAIA | GAIA, INC | $39.9M | — | 10.8% |
| MPU | Mega Matrix Inc | — | — | -27.9% |