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
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Starz Networks - OTT revenue
- Starz Networks - Linear and other revenue
| Segment | FY2024 | FY2023 |
|---|---|---|
| Starz Networks - OTT revenue | $921.8M | $889.6M |
| Starz Networks - Linear and other revenue | $434.5M | $493.1M |
As the company reported it, from the “Segment Information - Segment Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.20B | $4.13B | $3.68B | $3.89B | $3.27B | $3.60B | $1.42B | $1.39B | $1.37B | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $14.8M | $473.6M | -$284.2M | -$188.4M | -$18.9M | -$188.2M | -$1.87B | -$915.2M | -$211.2M | — |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Material agreement signed Item 1.01
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Officer or director change Item 5.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 7812
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|---|---|---|---|---|
| LION | Lionsgate Studios Corp. | $3.72B | — | 1.8% |
| FUBO | FuboTV Inc. | $2.72B | — | 18.6% |
| ANGX | Angel Studios, Inc. | $643.0M | — | 233.2% |
| CURI | CuriosityStream Inc. | $169.1M | — | 40.1% |
| GAIA | GAIA, INC | $35.7M | — | 10.8% |
| TOON | Kartoon Studios, Inc. | $32.2M | — | 20.7% |
| MPU | Mega Matrix Inc | — | — | -27.9% |