Starz Entertainment (STRZ) Financials

$19.46 +0.09 (+0.46%)

Closing price 04:00 PM Eastern

Extended Trading

$19.50 +0.04 (+0.21%)

As of 04:10 PM Eastern

Annual Income Statements for Starz Entertainment

This table shows Starz Entertainment's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	182	50	15	474	-284	-188	-19	-188	-1,871	-915	-211
Consolidated Net Income / (Loss)	182	43	15	468	-300	-206	-35	-205	-1,871	-915	-211
Net Income / (Loss) Continuing Operations	182	43	15	468	-300	-206	-35	-205	-1,336	-805	-215
Total Pre-Tax Income	213	-34	-134	149	-308	-203	-17	-177	-1,354	-934	-224
Total Operating Income	222	-25	-16	249	130	2.80	171	9.00	-1,348	-904	-170
Total Gross Profit	2,400	2,347	3,202	4,129	3,681	3,890	3,272	3,604	1,423	1,392	1,370
Total Revenue	2,400	2,347	3,202	4,129	3,681	3,890	3,272	3,604	1,423	1,392	1,370
Operating Revenue	2,400	2,347	3,202	4,129	3,681	3,890	3,272	3,604	1,423	1,392	1,370
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	2,177	2,372	3,218	3,880	3,551	3,887	3,101	3,595	2,771	2,296	1,540
Selling, General & Admin Expense	253	262	355	454	445	430	487	475	124	129	102
Marketing Expense	592	662	807	898	836	1,009	719	861	424	424	382
Depreciation Expense	6.60	13	63	159	163	198	189	178	156	162	170
Other Operating Expenses / (Income)	1,316	1,415	1,904	2,310	2,028	2,226	1,682	2,064	716	693	702
Impairment Charge	-	0.00	-	-	-	-	0.00	0.00	1,262	664	0.00
Restructuring Charge	11	20	89	60	78	24	25	17	90	225	184
Total Other Income / (Expense), net	-8.80	-8.80	-118	-100	-438	-206	-188	-186	-6.00	-30	-54
Interest Expense	53	55	156	229	199	186	182	204	-0.10	26	46
Interest & Investment Income	55	46	38	129	-119	-8.90	0.20	29	0.60	3.50	4.90
Other Income / (Expense), net	-12	-	0.00	0.00	-121	-11	-6.70	-11	-6.70	-7.50	-13
Income Tax Expense	32	-77	-149	-319	-8.50	3.30	17	28	-18	-129	-8.60
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-	-	-535	-111	4.10
Weighted Average Basic Shares Outstanding	139M	148.50M	165M	208.40M	213.70M	217.90M	220.50M	224.10M	229.53M	235.81M	16.72M
Weighted Average Diluted Shares Outstanding	151.80M	154.10M	172.20M	220.40M	213.70M	217.90M	220.50M	224.10M	229.53M	235.81M	16.72M
Weighted Average Basic & Diluted Shares Outstanding	138.80M	147.60M	207.85M	208.60M	213.70M	219.41M	221.53M	225.73M	229.53M	235.81M	16.72M

This table shows Starz Entertainment's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025
Net Income / (Loss) Attributable to Common Shareholders	43	-71	-886	-107	148	4.20	-31	-22	33	-43	-53
Consolidated Net Income / (Loss)	50	-72	-888	-107	152	4.20	-31	-19	48	-43	-53
Net Income / (Loss) Continuing Operations	585	-72	-888	-107	262	1.10	-31	-19	44	-43	-53
Total Pre-Tax Income	550	-62	-890	-103	121	-6.50	-30	-15	20	-43	-52
Total Operating Income	460	-17	-818	-44	-26	10	-17	36	-136	-27	-35
Total Gross Profit	-1,347	909	1,016	975	-1,507	348	347	971	-1,384	320	321
Total Revenue	-1,347	909	1,016	975	-1,507	348	347	971	-1,384	320	321
Operating Revenue	-1,347	909	1,016	975	-1,507	348	347	971	-1,384	320	321
Total Cost of Revenue	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00	0.00
Total Operating Expenses	-1,807	925	1,833	1,019	-1,481	338	364	935	-1,248	347	356
Selling, General & Admin Expense	-216	124	124	121	-239	27	26	106	-233	29	29
Marketing Expense	-144	244	222	220	-262	83	76	174	-224	63	78
Depreciation Expense	22	44	45	50	23	42	41	44	35	49	48
Amortization Expense	-	-	-	-	-	148	182	-	-	163	157
Other Operating Expenses / (Income)	-1,029	481	557	511	-857	39	40	567	-938	37	39
Restructuring Charge	-227	32	222	117	-146	-0.60	-1.10	43	112	6.40	5.00
Total Other Income / (Expense), net	90	-45	-72	-59	147	-17	-13	-50	156	-16	-17
Interest Expense	-161	41	64	67	-146	16	12	69	-173	13	16
Interest & Investment Income	-47	1.60	2.90	10	-11	0.80	1.10	11	-15	0.00	0.20
Other Income / (Expense), net	-24	-5.70	-12	-2.50	12	-1.70	-2.00	8.40	-2.40	-2.50	-1.80
Income Tax Expense	-35	9.80	-2.00	4.70	-141	-7.60	0.40	4.00	-25	-0.10	0.40
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	3.10	0.00	-	-	0.00	0.00
Basic Earnings per Share	-	($0.31)	($3.79)	($0.45)	-	$0.26	($1.83)	($0.09)	-	($2.54)	($3.15)
Weighted Average Basic Shares Outstanding	229.53M	230.20M	234M	235.10M	235.81M	16.70M	16.70M	240.20M	16.72M	16.70M	16.70M
Diluted Earnings per Share	-	($0.31)	($3.79)	($0.45)	-	$0.26	($1.83)	($0.09)	-	($2.54)	($3.15)
Weighted Average Diluted Shares Outstanding	229.53M	230.20M	234M	235.10M	235.81M	16.70M	16.70M	240.20M	16.72M	16.70M	16.70M
Weighted Average Basic & Diluted Shares Outstanding	229.53M	234.77M	235.01M	235.20M	235.81M	239.94M	240.08M	240.48M	16.72M	16.72M	16.73M

This table details how cash moves in and out of Starz Entertainment's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Net Change in Cash & Equivalents	76	-45	263	57	-194	137	206	-142	-53	-25	-19
Net Cash From Operating Activities	97	-19	559	386	428	615	-0.50	-661	-438	-132	-46
Net Cash From Continuing Operating Activities	97	-19	559	386	428	615	-0.50	-661	-184	5.90	-39
Net Income / (Loss) Continuing Operations	182	43	15	468	-300	-206	-35	-205	-1,336	-805	-215
Consolidated Net Income / (Loss)	182	43	15	468	-300	-206	-35	-205	-1,871	-915	-211
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-	-	-535	-111	4.10
Depreciation Expense	6.60	13	63	159	163	198	189	178	156	162	170
Amortization Expense	913	1,038	1,427	1,676	1,557	1,790	1,308	1,711	658	637	650
Non-Cash Adjustments To Reconcile Net Income	-988	-927	-837	-1,406	-1,437	-1,103	-1,680	-2,088	401	133	-765
Changes in Operating Assets and Liabilities, net	-17	-187	-109	-511	444	-64	218	-256	-63	-121	121
Net Cash From Discontinued Operating Activities	-	-	-	-	-	-	-	-	-254	-138	-6.60
Net Cash From Investing Activities	-55	-162	-1,145	293	-122	-52	-31	-81	-43	-25	-99
Net Cash From Continuing Investing Activities	-55	-162	-1,145	293	-122	-52	-31	-81	-34	-20	-99
Purchase of Property, Plant & Equipment	-17	-18	-25	-46	-44	-31	-35	-195	-34	-20	-18
Other Investing Activities, net	-	-	-	-	-	0.00	0.00	2.90	0.00	0.00	-82
Net Cash From Discontinued Investing Activities	-	-	-	-	-	-	-	-	-8.20	-4.40	0.00
Net Cash From Financing Activities	34	136	850	-622	-499	-426	238	599	428	132	126
Net Cash From Continuing Financing Activities	34	136	850	-622	-499	-426	238	599	200	-15	123
Repayment of Debt	-1,106	-445	-2,767	-4,336	-3,213	-122	-68	-2,694	-148	-144	51
Other Financing Activities, net	169	71	-352	8.90	-767	-296	311	846	348	130	73
Net Cash From Discontinued Financing Activities	-	-	-	-	-	-	-	-	228	147	2.80

This table details how cash moves in and out of Starz Entertainment's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025
Net Change in Cash & Equivalents	-143	80	-123	62	-43	-12	45	-29	94	34	-15
Net Cash From Operating Activities	-310	29	301	71	-533	-34	-82	-119	314	65	-26
Net Cash From Continuing Operating Activities	-56	29	301	71	-396	-27	-82	-119	320	65	-26
Net Income / (Loss) Continuing Operations	585	-72	-888	-107	262	1.10	-178	-19	44	-43	-53
Consolidated Net Income / (Loss)	50	-72	-888	-107	152	4.20	-178	-19	48	-43	-53
Depreciation Expense	22	44	45	50	23	42	46	44	35	49	48
Amortization Expense	-702	379	427	355	-524	152	518	406	-581	165	160
Non-Cash Adjustments To Reconcile Net Income	-32	-417	710	-89	-71	-235	-560	-520	1,044	-141	-156
Changes in Operating Assets and Liabilities, net	71	95	7.20	-137	-87	14	93	-29	-223	35	-26
Net Cash From Investing Activities	-35	-9.80	-22	-334	341	-72	2.80	-3.10	-53	75	-4.50
Net Cash From Continuing Investing Activities	-27	-9.80	-22	-334	345	-72	2.80	-3.10	-53	75	-4.50
Purchase of Property, Plant & Equipment	2.30	-8.90	-9.40	-6.40	4.30	-4.90	-9.20	-5.40	41	-6.90	-5.20
Other Investing Activities, net	-	-0.90	-1.20	-1.50	3.60	-67	-	0.80	-82	82	0.70
Net Cash From Financing Activities	202	61	-402	325	149	93	124	93	-166	-107	16
Net Cash From Continuing Financing Activities	-26	61	-402	325	2.70	91	124	93	-169	-107	16
Other Financing Activities, net	-193	131	-391	-39	428	130	-104	-12	112	-399	16

This table presents Starz Entertainment's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Total Assets	3,292	3,834	9,197	8,968	8,409	7,951	8,306	8,991	7,426	2,139	2,173
Total Current Assets	1,435	868	1,690	1,773	1,394	1,308	1,187	1,058	1,118	127	171
Cash & Equivalents	103	58	322	378	184	318	529	371	272	23	18
Accounts Receivable	892	570	908	946	647	522	384	442	582	53	134
Other Current Assets	-	237	458	449	563	468	274	245	264	18	18
Plant, Property, & Equipment, net	27	43	166	162	155	0.00	0.00	0.00	0.00	51	49
Total Noncurrent Assets	1,830	2,923	7,341	7,033	6,859	6,643	7,120	7,933	6,308	1,961	1,954
Intangible Assets	-	11	2,047	1,938	1,872	1,720	1,575	1,440	1,300	966	816
Other Noncurrent Operating Assets	75	2,243	2,574	2,316	2,134	2,090	2,780	3,728	3,718	991	1,138
Total Liabilities & Shareholders' Equity	3,292	3,834	9,197	8,968	8,409	7,951	8,306	8,991	7,426	2,139	2,173
Total Liabilities	2,450	2,893	6,589	5,709	5,359	5,123	5,293	5,987	6,297	1,220	1,407
Total Current Liabilities	607	1,742	1,690	2,412	1,652	1,508	1,693	2,403	2,571	408	623
Short-Term Debt	-	40	78	79	54	69	88	223	41	52	232
Accounts Payable	332	355	573	448	531	527	545	352	368	80	65
Accrued Expenses	-	-	-	-	-	-	-	234	273	66	65
Current Deferred Revenue	275	246	157	184	147	117	166	175	147	29	39
Other Current Liabilities	-	1,101	882	1,702	921	796	894	1,420	1,741	116	222
Total Noncurrent Liabilities	1,843	1,152	4,899	3,297	3,707	3,616	3,600	3,584	3,726	812	784
Long-Term Debt	339	825	3,047	2,478	2,851	2,664	2,543	2,202	1,978	697	700
Noncurrent Deferred & Payable Income Tax Liabilities	-	0.00	440	92	57	37	40	39	32	11	8.50
Other Noncurrent Operating Liabilities	1,503	245	1,339	656	737	853	960	1,293	1,664	80	76
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	842	850	2,514	3,157	2,922	2,660	2,795	2,683	786	919	766
Total Preferred & Common Equity	842	850	2,514	3,156	2,919	2,658	2,793	2,682	785	919	766
Total Common Equity	842	850	2,514	3,156	2,919	2,658	2,793	2,682	785	919	766
Common Stock	831	886	2,520	2,649	2,790	2,881	2,959	3,022	3,103	-	0.00
Retained Earnings	14	7.60	11	517	209	-17	-83	-370	-2,440	-	0.00
Accumulated Other Comprehensive Income / (Loss)	-2.22	-43	-16	-9.70	-80	-206	-83	29	121	19	19
Other Equity Adjustments	-	-	-	-	-	-	-	-	-	900	747

This table presents Starz Entertainment's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	9/30/2022	12/31/2022	6/30/2023	9/30/2023	12/31/2023	6/30/2024	9/30/2024	12/31/2024	6/30/2025	9/30/2025
Total Assets	7,681	7,593	7,462	6,179	7,155	7,222	7,147	7,167	2,092	1,972
Total Current Assets	1,234	1,199	1,117	987	1,526	1,244	1,153	1,071	123	114
Cash & Equivalents	557	425	323	224	283	193	230	201	52	37
Accounts Receivable	432	480	516	457	810	655	573	560	56	66
Other Current Assets	245	293	278	306	432	397	351	310	16	11
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	50	50
Total Noncurrent Assets	6,447	6,394	6,346	5,193	5,629	5,978	5,994	6,096	1,918	1,808
Intangible Assets	1,372	1,336	1,266	1,061	1,029	954	917	881	772	730
Other Noncurrent Operating Assets	3,785	3,769	3,790	3,336	3,799	4,212	4,271	4,407	1,146	1,079
Total Liabilities & Shareholders' Equity	7,681	7,593	7,462	6,179	7,155	7,222	7,147	7,167	2,092	1,972
Total Liabilities	6,491	6,350	6,387	5,988	7,069	7,148	7,272	7,324	1,379	1,309
Total Current Liabilities	2,442	2,579	2,906	2,822	3,172	4,134	3,791	3,400	677	600
Short-Term Debt	37	39	44	47	50	650	363	119	0.00	3.80
Accounts Payable	615	588	350	331	307	320	345	337	78	83
Accrued Expenses	-	-	280	220	325	329	228	200	64	41
Current Deferred Revenue	138	158	188	221	267	374	377	458	40	42
Other Current Liabilities	1,652	1,794	2,044	2,003	2,224	2,462	2,477	2,286	496	431
Total Noncurrent Liabilities	4,049	3,772	3,481	3,166	3,898	3,014	3,481	3,924	702	709
Long-Term Debt	2,171	2,043	1,887	1,875	2,238	1,545	2,098	2,442	612	609
Noncurrent Deferred & Payable Income Tax Liabilities	39	38	32	23	19	25	25	25	8.30	8.30
Other Noncurrent Operating Liabilities	1,785	1,638	1,511	1,201	1,559	1,328	1,186	1,336	82	92
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	847	885	728	-219	-324	-49	-225	-256	712	663
Total Preferred & Common Equity	846	884	726	-221	-326	15	-142	-168	712	663
Total Common Equity	846	884	726	-221	-326	15	-142	-168	712	663
Common Stock	3,044	3,067	3,104	3,110	3,133	3,164	3,158	3,178	728	732
Retained Earnings	-2,320	-2,318	-2,516	-3,468	-3,575	-3,243	-3,396	-3,423	-35	-88
Accumulated Other Comprehensive Income / (Loss)	122	134	139	136	116	93	97	76	19	19
Other Equity Adjustments	-	-	-	-	-	-	-	-	0.00	0.00

This table displays calculated financial ratios and metrics derived from Starz Entertainment's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	3/31/2015	3/31/2016	3/31/2017	3/31/2018	3/31/2019	3/31/2020	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-8.77%	-2.18%	36.38%	28.97%	-10.86%	5.69%	-15.90%	10.17%	-60.53%	-2.12%	-1.64%
EBITDA Growth	-3.05%	-9.16%	43.58%	41.40%	-16.99%	14.44%	-16.13%	13.64%	-128.68%	79.30%	668.75%
EBIT Growth	-4.48%	-111.88%	34.80%	1,625.77%	-96.26%	-189.25%	2,074.70%	-101.16%	-71,210.53%	32.76%	79.89%
NOPAT Growth	-11.41%	-109.24%	34.80%	6,961.48%	-88.38%	-97.85%	5,992.86%	-94.72%	-15,080.00%	32.98%	81.14%
Net Income Growth	19.58%	-76.51%	-66.04%	3,128.28%	-164.00%	31.11%	83.28%	-495.36%	-810.91%	51.09%	76.92%
EPS Growth	18.27%	-73.17%	-72.73%	2,288.89%	-161.86%	35.34%	89.53%	-833.33%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-61.78%	-119.69%	3,039.47%	-30.81%	10.64%	43.77%	-100.08%	-132,080.00%	33.68%	69.93%	65.10%
Free Cash Flow Firm Growth	-33.55%	-817.79%	-46.58%	120.50%	-131.94%	319.85%	-53.47%	-74.04%	1,836.56%	-55.78%	-118.71%
Invested Capital Growth	-27.39%	334.62%	209.87%	0.55%	6.10%	-9.13%	-2.42%	-1.13%	-43.12%	-41.00%	-1.00%
Revenue Q/Q Growth	-3.06%	6.57%	17.01%	-4.97%	-3.33%	0.80%	-2.04%	1.51%	-61.54%	-65.06%	-64.62%
EBITDA Q/Q Growth	-5.68%	7.16%	22.09%	-4.91%	-9.96%	1.17%	-2.25%	2.39%	-405.71%	-114.84%	-64.72%
EBIT Q/Q Growth	-16.84%	-205.68%	84.97%	-8.43%	-95.62%	75.37%	18.60%	-102.98%	26.54%	8.09%	-62.70%
NOPAT Q/Q Growth	-12.22%	-111.02%	84.97%	16.74%	-38.82%	114.58%	18.39%	-87.80%	27.45%	2.59%	-79.37%
Net Income Q/Q Growth	-13.99%	-16.58%	140.37%	6.39%	-487.45%	34.77%	17.27%	-47.45%	7.77%	21.44%	31.63%
EPS Q/Q Growth	-15.17%	-10.81%	142.86%	0.94%	-565.00%	37.68%	18.18%	-52.73%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	271.21%	-112.79%	10.01%	-24.55%	56.71%	1.39%	-100.15%	-1.74%	-46.54%	-131.75%	87.37%
Free Cash Flow Firm Q/Q Growth	75.17%	-767.83%	41.93%	-3.52%	65.09%	-8.89%	-58.68%	377.34%	36.40%	245.53%	42.96%
Invested Capital Q/Q Growth	-15.88%	303.32%	0.29%	2.94%	-5.74%	-5.14%	1.67%	-0.95%	-0.74%	-18.81%	-23.74%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	47.09%	43.73%	46.03%	50.47%	47.00%	50.89%	50.75%	52.35%	-38.04%	-8.04%	46.51%
Operating Margin	9.26%	-1.07%	-0.51%	6.02%	3.53%	0.07%	5.21%	0.25%	-94.78%	-64.89%	-12.44%
EBIT Margin	8.77%	-1.07%	-0.51%	6.02%	0.25%	-0.21%	5.01%	-0.05%	-95.25%	-65.43%	-13.38%
Profit (Net Income) Margin	7.58%	1.82%	0.45%	11.34%	-8.14%	-5.31%	-1.05%	-5.70%	-131.53%	-65.73%	-15.42%
Tax Burden Percent	85.19%	-126.33%	-10.79%	314.79%	97.24%	101.62%	198.28%	116.05%	138.16%	98.04%	94.33%
Interest Burden Percent	101.38%	135.20%	824.54%	59.79%	-3,312.90%	2,446.99%	-10.62%	9,315.79%	99.95%	102.47%	122.22%
Effective Tax Rate	14.81%	0.00%	0.00%	-214.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-3.49%	-0.32%	14.44%	1.62%	0.04%	2.31%	0.12%	-23.79%	-27.65%	-7.06%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-18.90%	1.12%	1.79%	-14.32%	-8.08%	-4.51%	-10.06%	-72.57%	-50.04%	-17.92%
Return on Net Nonoperating Assets (RNNOA)	0.00%	8.28%	1.14%	1.52%	-11.12%	-7.06%	-3.49%	-6.95%	-66.73%	-61.69%	-18.00%
Return on Equity (ROE)	25.48%	4.79%	0.82%	15.96%	-9.50%	-7.02%	-1.18%	-6.83%	-90.51%	-89.34%	-25.06%
Cash Return on Invested Capital (CROIC)	0.00%	-143.62%	-102.73%	13.89%	-4.29%	9.61%	4.75%	1.26%	31.19%	23.92%	-6.06%
Operating Return on Assets (OROA)	6.85%	-0.70%	-0.25%	2.74%	0.11%	-0.10%	2.02%	-0.02%	-16.51%	-19.05%	-8.50%
Return on Assets (ROA)	5.92%	1.20%	0.22%	5.15%	-3.45%	-2.52%	-0.42%	-2.37%	-22.79%	-19.14%	-9.80%
Return on Common Equity (ROCE)	25.48%	4.55%	0.77%	15.42%	-9.15%	-6.66%	-1.10%	-6.21%	-75.89%	-74.29%	-25.06%
Return on Equity Simple (ROE_SIMPLE)	21.58%	5.02%	0.58%	14.83%	-10.26%	-7.77%	-1.24%	-7.66%	-238.50%	-99.56%	-27.56%
Net Operating Profit after Tax (NOPAT)	189	-18	-11	783	91	1.96	119	6.30	-944	-632	-119
NOPAT Margin	7.89%	-0.75%	-0.36%	18.96%	2.47%	0.05%	3.65%	0.17%	-66.34%	-45.42%	-8.71%
Net Nonoperating Expense Percent (NNEP)	-0.54%	15.40%	-1.44%	12.64%	15.94%	8.12%	6.82%	10.19%	48.79%	22.39%	10.86%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-33.64%	-37.93%	-7.02%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	10.54%	11.18%	11.10%	11.00%	12.10%	11.06%	14.87%	13.19%	8.72%	9.28%	7.43%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	90.74%	101.07%	100.51%	93.98%	96.47%	99.93%	94.79%	99.75%	194.78%	164.89%	112.44%
Earnings before Interest and Taxes (EBIT)	211	-25	-16	249	9.30	-8.30	164	-1.90	-1,355	-911	-183
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,130	1,026	1,474	2,084	1,730	1,980	1,660	1,887	-541	-112	637
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	2.15	1.72	1.16	0.50	1.18	1.36	2.88	2.27	2.48
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.00	1.69	1.31	0.92	0.34	1.01	1.02	1.59	1.50	1.39
Price to Earnings (P/E)	0.00	0.00	364.75	11.45	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.35%	1.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.27%	8.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	1.53	1.42	1.08	0.75	1.10	1.19	1.51	1.66	1.67
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	2.59	1.87	1.69	1.01	1.72	1.67	3.06	2.02	2.05
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	5.63	3.70	3.60	1.98	3.39	3.20	0.00	0.00	4.42
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	30.98	669.08	0.00	34.35	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	9.84	68.38	2,001.43	47.14	958.13	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	14.85	19.94	14.56	6.38	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	10.23	0.00	7.42	22.87	94.46	3.52	5.14	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.40	0.92	1.20	0.78	0.95	0.97	0.87	0.81	1.79	0.81	1.22
Long-Term Debt to Equity	0.40	0.88	1.17	0.76	0.93	0.94	0.84	0.73	1.75	0.76	0.91
Financial Leverage	-1.93	-0.44	1.02	0.85	0.78	0.87	0.77	0.69	0.92	1.23	1.00
Leverage Ratio	4.31	4.00	3.67	3.10	2.75	2.78	2.78	2.87	3.97	4.67	2.56
Compound Leverage Factor	4.37	5.40	30.28	1.85	-91.26	68.11	-0.30	267.75	3.97	4.78	3.13
Debt to Total Capital	28.71%	47.91%	54.51%	43.97%	48.78%	49.15%	46.61%	44.66%	64.13%	44.87%	54.88%
Short-Term Debt to Total Capital	0.00%	2.22%	1.36%	1.36%	0.90%	1.23%	1.56%	4.10%	1.31%	3.09%	13.67%
Long-Term Debt to Total Capital	28.71%	45.69%	53.15%	42.61%	47.88%	47.91%	45.05%	40.56%	62.82%	41.78%	41.21%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	5.01%	1.64%	1.77%	2.20%	3.05%	3.91%	5.95%	10.96%	0.00%	0.00%
Common Equity to Total Capital	71.29%	47.08%	43.86%	54.26%	49.02%	47.80%	49.48%	49.39%	24.91%	55.13%	45.12%
Debt to EBITDA	0.30	0.84	2.12	1.23	1.68	1.38	1.58	1.29	-3.73	-6.68	1.46
Net Debt to EBITDA	-1.40	0.78	1.90	1.05	1.57	1.22	1.27	1.09	-3.23	-6.47	1.44
Long-Term Debt to EBITDA	0.30	0.80	2.07	1.19	1.65	1.35	1.53	1.17	-3.66	-6.22	1.10
Debt to NOPAT	1.79	-49.44	-273.87	3.27	31.92	1,394.39	22.03	384.90	-2.14	-1.18	-7.81
Net Debt to NOPAT	-8.38	-45.98	-245.42	2.78	29.89	1,232.04	17.60	325.98	-1.85	-1.15	-7.66
Long-Term Debt to NOPAT	1.79	-47.15	-267.05	3.17	31.33	1,359.39	21.29	349.54	-2.10	-1.10	-5.87
Altman Z-Score	0.00	0.00	0.84	1.12	0.82	0.61	0.75	0.53	-0.89	0.12	0.91
Noncontrolling Interest Sharing Ratio	0.00%	5.08%	5.19%	3.35%	3.70%	5.11%	6.68%	9.03%	16.16%	16.84%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.36	0.50	1.00	0.74	0.84	0.87	0.70	0.44	0.44	0.31	0.27
Quick Ratio	2.36	0.36	0.73	0.55	0.50	0.56	0.54	0.34	0.33	0.19	0.24
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	349	-2,507	-3,674	753	-241	529	246	64	1,237	547	-102
Operating Cash Flow to CapEx	567.65%	-103.26%	2,216.27%	841.83%	976.03%	1,976.21%	-1.43%	-339.79%	-1,277.84%	-646.08%	-261.36%
Free Cash Flow to Firm to Interest Expense	6.65	-45.66	-23.61	3.28	-1.21	2.85	1.36	0.31	0.00	21.04	-2.25
Operating Cash Flow to Interest Expense	1.84	-0.35	3.59	1.68	2.15	3.31	0.00	-3.24	0.00	-5.07	-1.01
Operating Cash Flow Less CapEx to Interest Expense	1.51	-0.68	3.43	1.48	1.93	3.14	-0.20	-4.19	0.00	-5.85	-1.39
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.78	0.66	0.49	0.45	0.42	0.48	0.40	0.42	0.17	0.29	0.64
Accounts Receivable Turnover	2.70	3.21	4.33	4.45	4.62	6.65	7.22	8.73	2.78	4.39	14.63
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	116.48	67.02	30.65	25.24	23.22	0.00	0.00	0.00	0.00	0.00	27.47
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	135.18	113.66	84.26	81.95	79.00	54.85	50.52	41.82	131.41	83.23	24.94
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	135.18	113.66	84.26	81.95	79.00	54.85	50.52	41.82	131.41	83.23	24.94
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-744	1,745	5,408	5,438	5,770	5,243	5,116	5,058	2,877	1,698	1,681
Invested Capital Turnover	-3.61	4.69	0.90	0.76	0.66	0.71	0.63	0.71	0.36	0.61	0.81
Increase / (Decrease) in Invested Capital	-160	2,489	3,663	30	332	-527	-127	-58	-2,181	-1,180	-17
Enterprise Value (EV)	0.00	0.00	8,292	7,704	6,222	3,923	5,629	6,036	4,356	2,815	2,814
Market Capitalization	0.00	0.00	5,398	5,422	3,372	1,338	3,306	3,659	2,263	2,089	1,900
Book Value per Share	$6.02	$5.67	$12.28	$14.97	$13.54	$12.08	$12.63	$11.91	$3.43	$3.91	$3.19
Tangible Book Value per Share	$3.71	$2.03	($10.90)	($7.22)	($8.29)	($8.61)	($6.99)	($6.76)	($7.88)	($0.20)	($0.21)
Total Capital	1,181	1,806	5,733	5,816	5,954	5,561	5,645	5,430	3,149	1,667	1,698
Total Debt	339	865	3,125	2,557	2,904	2,733	2,631	2,425	2,020	748	932
Total Long-Term Debt	339	825	3,047	2,478	2,851	2,664	2,543	2,202	1,978	697	700
Net Debt	-1,586	805	2,800	2,179	2,720	2,415	2,102	2,054	1,748	725	914
Capital Expenditures (CapEx)	17	18	25	46	44	31	35	195	34	20	18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	285	-895	-246	-938	-389	-449	-947	-1,493	-1,683	-253	-238
Debt-free Net Working Capital (DFNWC)	828	-834	78	-560	-204	-131	-418	-1,122	-1,411	-230	-220
Net Working Capital (NWC)	828	-874	0.50	-639	-258	-200	-506	-1,345	-1,452	-282	-452
Net Nonoperating Expense (NNE)	7.50	-60	-26	315	391	208	154	212	927	283	92
Net Nonoperating Obligations (NNO)	-1,586	805	2,800	2,179	2,720	2,415	2,102	2,054	1,748	778	914
Total Depreciation and Amortization (D&A)	919	1,051	1,490	1,835	1,721	1,988	1,496	1,889	814	799	820
Debt-free, Cash-free Net Working Capital to Revenue	11.86%	-38.12%	-7.69%	-22.72%	-10.56%	-11.55%	-28.94%	-41.43%	-118.31%	-18.18%	-17.36%
Debt-free Net Working Capital to Revenue	34.51%	-35.54%	2.45%	-13.57%	-5.55%	-3.37%	-12.78%	-31.14%	-99.18%	-16.53%	-16.06%
Net Working Capital to Revenue	34.51%	-37.25%	0.02%	-15.48%	-7.01%	-5.13%	-15.47%	-37.32%	-102.09%	-20.22%	-33.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.31	$0.34	$0.09	$2.27	($1.33)	($0.86)	($0.09)	($0.84)	($8.82)	($4.77)	$0.00
Adjusted Weighted Average Basic Shares Outstanding	139.05M	148.48M	165M	208.40M	213.70M	217.90M	220.50M	224.10M	227.90M	233.60M	16.72M
Adjusted Diluted Earnings per Share	$1.23	$0.33	$0.09	$2.15	($1.33)	($0.86)	($0.09)	($0.84)	($8.82)	($4.77)	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	151.78M	154.09M	172.20M	220.40M	213.70M	217.90M	220.50M	224.10M	227.90M	233.60M	16.72M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	147.67M	147.23M	207.85M	211.40M	216.21M	219.41M	221.53M	225.73M	229.53M	235.81M	16.72M
Normalized Net Operating Profit after Tax (NOPAT)	198	-3.64	51	216	146	19	137	18	2.38	-10	9.59
Normalized NOPAT Margin	8.27%	-0.16%	1.58%	5.23%	3.96%	0.49%	4.18%	0.50%	0.17%	-0.74%	0.70%
Pre Tax Income Margin	8.89%	-1.44%	-4.20%	3.60%	-8.37%	-5.22%	-0.53%	-4.91%	-95.20%	-67.04%	-16.35%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.01	-0.46	-0.10	1.08	0.05	-0.04	0.90	-0.01	0.00	-35.04	-4.02
NOPAT to Interest Expense	3.61	-0.32	-0.07	3.41	0.46	0.01	0.66	0.03	0.00	-24.33	-2.62
EBIT Less CapEx to Interest Expense	3.69	-0.79	-0.27	0.88	-0.17	-0.21	0.71	-0.96	0.00	-35.82	-4.40
NOPAT Less CapEx to Interest Expense	3.28	-0.65	-0.24	3.21	0.24	-0.16	0.47	-0.92	0.00	-25.11	-3.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	18.37%	111.24%	232.41%	1.75%	-20.39%	-2.76%	-9.86%	-0.73%	0.00%	0.00%	0.00%
Augmented Payout Ratio	98.02%	282.67%	232.41%	1.75%	-20.39%	-4.02%	-16.23%	-0.73%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Starz Entertainment's official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-244.82%	1.64%	16.03%	-2.50%	-11.89%	-8.13%	-6.59%	-0.47%	8.14%	-8.03%	-7.50%
EBITDA Growth	-151.59%	-15.08%	71.57%	-26.42%	-110.35%	-7.84%	228.49%	37.64%	-33.13%	-8.53%	-17.03%
EBIT Growth	914.95%	69.26%	52.71%	-230.31%	-103.10%	169.78%	87.42%	196.09%	-928.15%	-450.00%	-92.63%
NOPAT Growth	1,486.00%	75.37%	53.22%	-634.21%	-111.41%	211.90%	89.16%	182.30%	-452.99%	-366.34%	-104.71%
Net Income Growth	146.06%	41.68%	51.03%	-806.58%	205.03%	11.75%	79.98%	82.77%	-68.21%	-1,111.90%	-71.90%
EPS Growth	0.00%	41.51%	52.33%	-742.86%	0.00%	19.35%	82.06%	80.00%	0.00%	-1,076.92%	-72.13%
Operating Cash Flow Growth	-81.36%	14,700.00%	316.31%	523.68%	-71.83%	-644.18%	-127.23%	-267.09%	158.83%	295.22%	-386.81%
Free Cash Flow Firm Growth	11,863.18%	498.09%	-58.85%	-64.90%	-57.91%	-70.44%	-173.30%	-111.32%	-125.94%	27.71%	469.95%
Invested Capital Growth	-43.12%	-44.04%	-33.48%	-27.86%	-41.00%	-22.64%	11.42%	5.40%	-1.00%	-38.71%	-41.18%
Revenue Q/Q Growth	-234.66%	-16.30%	11.77%	-3.98%	-254.53%	-25.32%	13.65%	2.31%	-242.63%	123.10%	0.38%
EBITDA Q/Q Growth	-150.13%	13.56%	-189.16%	200.48%	-243.32%	-17.82%	24.31%	7.63%	-238.63%	126.94%	-7.00%
EBIT Q/Q Growth	1,135.13%	75.99%	-3,584.44%	94.45%	70.65%	123.02%	-764.33%	142.38%	-414.03%	78.82%	-24.49%
NOPAT Q/Q Growth	8,478.63%	66.20%	-4,766.07%	94.68%	-83.19%	130.82%	-571.28%	140.41%	-1,330.94%	93.90%	-29.37%
Net Income Q/Q Growth	226.97%	27.12%	-1,141.82%	87.90%	241.15%	-27.47%	-181.78%	89.60%	360.54%	-188.17%	-23.76%
EPS Q/Q Growth	0.00%	24.39%	-1,122.58%	88.13%	0.00%	-13.64%	-172.00%	86.76%	0.00%	0.00%	-24.02%
Operating Cash Flow Q/Q Growth	-2,821.93%	113.14%	931.16%	-76.39%	-849.93%	-3,354.35%	48.40%	-44.88%	364.06%	-79.15%	-139.91%
Free Cash Flow Firm Q/Q Growth	20.62%	-2.18%	-81.94%	104.97%	44.61%	-27.47%	-144.79%	68.36%	-231.56%	369.15%	7.39%
Invested Capital Q/Q Growth	-0.74%	-6.73%	-29.57%	10.64%	-18.81%	4.91%	1.44%	4.66%	-23.74%	-24.29%	-2.65%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	0.00%	100.00%	100.00%	100.00%	0.00%	100.00%	100.00%	100.00%	0.00%	100.00%	100.00%
EBITDA Margin	0.00%	44.07%	-35.16%	36.79%	0.00%	44.21%	48.36%	50.87%	0.00%	57.68%	53.44%
Operating Margin	0.00%	-1.85%	-80.50%	-4.46%	0.00%	2.25%	-9.34%	3.69%	0.00%	-8.41%	-10.84%
EBIT Margin	0.00%	-2.48%	-81.63%	-4.72%	0.00%	1.88%	-11.00%	4.55%	0.00%	-9.20%	-11.41%
Profit (Net Income) Margin	0.00%	-7.87%	-87.43%	-11.01%	0.00%	-7.56%	-18.74%	-1.91%	0.00%	-13.29%	-16.39%
Tax Burden Percent	9.04%	115.88%	99.78%	104.58%	125.50%	119.06%	101.08%	127.59%	247.18%	99.77%	100.77%
Interest Burden Percent	126.12%	274.22%	107.35%	223.26%	-894.81%	-337.58%	168.65%	-32.81%	-14.05%	144.90%	142.62%
Effective Tax Rate	-6.35%	0.00%	0.00%	0.00%	-117.05%	0.00%	0.00%	0.00%	-126.15%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-1.34%	-95.52%	-4.99%	0.00%	2.61%	-12.68%	4.66%	0.00%	-4.72%	-5.97%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-4.79%	-114.37%	-9.19%	0.00%	-1.61%	-18.58%	2.66%	0.00%	-6.57%	-7.99%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-4.13%	-277.19%	-25.35%	0.00%	-5.06%	-1,099.37%	-163.55%	0.00%	-21.40%	-41.63%
Return on Equity (ROE)	0.00%	-5.47%	-372.71%	-30.34%	0.00%	-2.45%	-1,112.05%	-158.90%	0.00%	-26.12%	-47.60%
Cash Return on Invested Capital (CROIC)	31.19%	22.65%	14.29%	6.35%	23.92%	-1.04%	-16.91%	-8.36%	-6.06%	39.33%	42.43%
Operating Return on Assets (OROA)	0.00%	-1.16%	-47.23%	-2.55%	0.00%	1.01%	-6.40%	2.46%	0.00%	-2.65%	-3.29%
Return on Assets (ROA)	0.00%	-3.68%	-50.59%	-5.95%	0.00%	-4.06%	-10.90%	-1.03%	0.00%	-3.83%	-4.73%
Return on Common Equity (ROCE)	0.00%	-4.53%	-168.49%	-12.76%	0.00%	-1.58%	6,082.80%	-1,105.13%	0.00%	-24.15%	-46.08%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-270.88%	471.42%	357.88%	0.00%	0.00%	279.94%	183.54%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	489	-12	-572	-30	-56	13	-62	25	-308	-19	-24
NOPAT Margin	0.00%	-1.29%	-56.35%	-3.12%	0.00%	1.58%	-6.54%	2.58%	0.00%	-5.89%	-7.59%
Net Nonoperating Expense Percent (NNEP)	23.11%	3.45%	18.85%	4.20%	-16.42%	4.22%	5.89%	2.00%	-42.15%	1.85%	2.01%
Return On Investment Capital (ROIC_SIMPLE)	17.43%	-	-	-1.55%	-3.35%	-	-	1.09%	-18.16%	-1.42%	-1.91%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	0.00%	13.60%	12.17%	12.41%	0.00%	14.32%	11.54%	10.91%	0.00%	9.10%	8.97%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	0.00%	101.85%	180.50%	104.46%	0.00%	97.75%	109.34%	96.31%	0.00%	108.41%	110.84%
Earnings before Interest and Taxes (EBIT)	436	-23	-829	-46	-14	16	-104	44	-139	-29	-37
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-244	400	-357	359	-514	369	459	494	-684	184	172
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.88	2.79	0.00	0.00	2.27	152.14	0.00	0.00	2.48	0.38	0.37
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.59	0.52	0.50	0.64	1.50	0.56	0.48	0.53	1.39	0.20	0.19
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.51	1.48	2.17	2.38	1.66	2.06	1.96	2.01	1.67	0.65	0.66
Enterprise Value to Revenue (EV/Rev)	3.06	1.03	1.02	1.25	2.02	1.09	1.06	1.14	2.05	0.62	0.62
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	4.64	6.60	0.00	5.01	2.47	2.45	4.42	1.34	1.41
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	11.54	11.99	0.00	20.52	0.00	0.00	0.00	15.67	46.43
Enterprise Value to Free Cash Flow (EV/FCFF)	3.52	4.70	12.13	31.44	5.14	0.00	0.00	0.00	0.00	1.26	1.16
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.79	1.80	10.05	26.80	0.81	29.66	-19.70	-16.37	1.22	0.86	0.92
Long-Term Debt to Equity	1.75	1.75	9.80	26.21	0.76	20.88	-16.80	-15.61	0.91	0.86	0.92
Financial Leverage	0.92	0.86	2.42	2.76	1.23	3.14	59.18	-61.49	1.00	3.26	5.21
Leverage Ratio	3.97	4.12	10.03	11.11	4.67	12.78	200.70	-201.72	2.56	11.85	16.94
Compound Leverage Factor	5.01	11.30	10.77	24.80	-41.78	-43.13	338.47	66.17	-0.36	17.16	24.16
Debt to Total Capital	64.13%	64.23%	90.95%	96.40%	44.87%	96.74%	105.35%	106.50%	54.88%	46.20%	48.01%
Short-Term Debt to Total Capital	1.31%	1.45%	2.22%	2.12%	3.09%	28.64%	15.53%	4.95%	13.67%	0.00%	0.30%
Long-Term Debt to Total Capital	62.82%	62.78%	88.72%	94.28%	41.78%	68.10%	89.82%	101.56%	41.21%	46.20%	47.72%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	10.96%	11.61%	19.51%	17.31%	0.00%	2.62%	0.74%	0.49%	0.00%	0.00%	0.00%
Common Equity to Total Capital	24.91%	24.16%	-10.46%	-13.71%	55.13%	0.64%	-6.08%	-7.00%	45.12%	53.80%	51.99%
Debt to EBITDA	-3.73	-127.02	2.18	3.03	-6.68	2.57	1.47	1.42	1.46	0.99	1.05
Net Debt to EBITDA	-3.23	-105.79	1.92	2.66	-6.47	2.34	1.34	1.31	1.44	0.90	0.98
Long-Term Debt to EBITDA	-3.66	-124.15	2.12	2.97	-6.22	1.81	1.26	1.35	1.10	0.99	1.04
Debt to NOPAT	-2.14	-1.53	-3.13	-3.52	-1.18	-3.47	-20.16	-38.51	-7.81	-4.21	-3.89
Net Debt to NOPAT	-1.85	-1.27	-2.77	-3.09	-1.15	-3.17	-18.28	-35.49	-7.66	-3.86	-3.65
Long-Term Debt to NOPAT	-2.10	-1.49	-3.06	-3.45	-1.10	-2.44	-17.19	-36.72	-5.87	-4.21	-3.86
Altman Z-Score	-0.09	-0.06	-0.74	-0.22	1.50	-0.37	-0.46	-0.33	0.98	0.37	0.36
Noncontrolling Interest Sharing Ratio	0.00%	17.11%	54.79%	57.94%	0.00%	35.53%	646.99%	-595.49%	0.00%	7.55%	3.20%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.44	0.38	0.35	0.48	0.31	0.30	0.30	0.32	0.27	0.18	0.19
Quick Ratio	0.33	0.29	0.24	0.34	0.19	0.20	0.21	0.22	0.24	0.16	0.17
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,670	2,100	379	777	1,124	621	-278	-88	-292	785	843
Operating Cash Flow to CapEx	0.00%	328.09%	3,203.19%	1,110.94%	0.00%	-361.14%	-891.30%	-2,200.00%	0.00%	947.83%	-501.92%
Free Cash Flow to Firm to Interest Expense	0.00	51.46	5.94	11.58	0.00	8.31	-3.72	-1.27	0.00	59.45	53.34
Operating Cash Flow to Interest Expense	0.00	0.72	4.72	1.06	0.00	-2.13	-1.10	-1.71	0.00	4.95	-1.65
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.50	4.57	0.96	0.00	-2.72	-1.22	-1.79	0.00	4.43	-1.98
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.17	0.47	0.58	0.54	0.29	0.54	0.58	0.54	0.64	0.29	0.29
Accounts Receivable Turnover	2.78	8.20	9.02	6.18	4.39	6.74	7.52	5.65	14.63	3.78	4.12
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	27.47	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	131.41	44.54	40.47	59.08	83.23	54.19	48.51	64.59	24.94	96.60	88.58
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	131.41	44.54	40.47	59.08	83.23	54.19	48.51	64.59	24.94	96.60	88.58
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,877	2,683	1,890	2,091	1,698	2,076	2,106	2,204	1,681	1,272	1,239
Invested Capital Turnover	0.36	1.03	1.70	1.60	0.61	1.66	1.94	1.80	0.81	0.80	0.79
Increase / (Decrease) in Invested Capital	-2,181	-2,111	-951	-808	-1,180	-607	216	113	-17	-804	-867
Enterprise Value (EV)	4,356	3,984	4,102	4,978	2,815	4,283	4,127	4,422	2,814	829	822
Market Capitalization	2,263	2,027	1,991	2,562	2,089	2,221	1,879	2,050	1,900	269	246
Book Value per Share	$3.43	$3.16	($0.94)	($1.39)	$3.91	$0.06	($0.59)	($0.70)	$3.19	$42.60	$39.66
Tangible Book Value per Share	($7.88)	($7.97)	($8.85)	($9.17)	($0.20)	($7.43)	($7.77)	($7.74)	($0.21)	($3.59)	($3.98)
Total Capital	3,149	3,006	2,114	2,374	1,667	2,269	2,335	2,404	1,698	1,324	1,276
Total Debt	2,020	1,931	1,922	2,289	748	2,195	2,460	2,561	932	612	613
Total Long-Term Debt	1,978	1,887	1,875	2,238	697	1,545	2,098	2,442	700	612	609
Net Debt	1,748	1,608	1,699	2,006	725	2,002	2,231	2,360	914	560	576
Capital Expenditures (CapEx)	-2.30	8.90	9.40	6.40	-4.30	44	9.20	5.40	-41	6.90	5.20
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,683	-2,068	-2,012	-1,879	-253	-2,433	-2,504	-2,410	-238	-606	-519
Debt-free Net Working Capital (DFNWC)	-1,411	-1,745	-1,788	-1,596	-230	-2,241	-2,275	-2,210	-220	-554	-482
Net Working Capital (NWC)	-1,452	-1,789	-1,835	-1,646	-282	-2,890	-2,637	-2,329	-452	-554	-486
Net Nonoperating Expense (NNE)	439	60	316	77	-207	76	116	44	-357	24	28
Net Nonoperating Obligations (NNO)	1,748	1,608	1,699	2,006	778	2,002	2,231	2,360	914	560	576
Total Depreciation and Amortization (D&A)	-680	423	472	405	-501	353	563	450	-546	214	208
Debt-free, Cash-free Net Working Capital to Revenue	-118.31%	-53.44%	-50.17%	-47.15%	-18.18%	-61.71%	-64.61%	-62.25%	-17.36%	-45.13%	-39.47%
Debt-free Net Working Capital to Revenue	-99.18%	-45.10%	-44.60%	-40.05%	-16.53%	-56.83%	-58.69%	-57.08%	-16.06%	-41.28%	-36.66%
Net Working Capital to Revenue	-102.09%	-46.23%	-45.77%	-41.31%	-20.22%	-73.30%	-68.04%	-60.15%	-33.00%	-41.28%	-36.95%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.31)	($3.79)	($0.45)	$0.00	($0.25)	($0.68)	($0.09)	$0.00	($2.54)	($3.15)
Adjusted Weighted Average Basic Shares Outstanding	229.53M	230.20M	234M	235.10M	235.81M	235.60M	239.30M	240.20M	16.72M	16.70M	16.70M
Adjusted Diluted Earnings per Share	$0.00	($0.31)	($3.79)	($0.45)	$0.00	($0.25)	($0.68)	($0.09)	$0.00	($2.54)	($3.15)
Adjusted Weighted Average Diluted Shares Outstanding	229.53M	230.20M	234M	235.10M	235.81M	235.60M	239.30M	240.20M	16.72M	16.70M	16.70M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	229.53M	234.77M	235.01M	235.20M	235.81M	239.94M	240.08M	240.48M	16.72M	16.72M	16.73M
Normalized Net Operating Profit after Tax (NOPAT)	163	11	48	51	-120	29	-58	55	-17	-14	-21
Normalized NOPAT Margin	0.00%	1.17%	4.72%	5.27%	0.00%	3.46%	-6.09%	5.71%	0.00%	-4.49%	-6.50%
Pre Tax Income Margin	0.00%	-6.79%	-87.63%	-10.53%	0.00%	-6.35%	-18.54%	-1.49%	0.00%	-13.33%	-16.27%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	-0.55	-12.99	-0.69	0.00	0.21	-1.39	0.64	0.00	-2.23	-2.32
NOPAT to Interest Expense	0.00	-0.29	-8.97	-0.45	0.00	0.18	-0.83	0.36	0.00	-1.43	-1.54
EBIT Less CapEx to Interest Expense	0.00	-0.77	-13.14	-0.78	0.00	-0.38	-1.52	0.56	0.00	-2.75	-2.65
NOPAT Less CapEx to Interest Expense	0.00	-0.51	-9.12	-0.55	0.00	-0.41	-0.95	0.28	0.00	-1.95	-1.87
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	-0.30%	-0.55%	-0.39%	0.00%	-0.21%	-0.43%	-2.17%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-2.19%	-4.11%	-3.57%	0.00%	-17.72%	-51.06%	-67.37%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Below is a concise, investor-focused read on Lions Gate Entertainment Corp (LGF.A) using the latest quarterly data provided (spanning roughly the last four years through Q2 2026). The focus is on trends in cash flow, profitability, and balance-sheet leverage that may influence a retail investor's view of the stock.

Positive: Strong Q4 2025 profitability — Net income attributable to common shareholders of 33.4M and diluted EPS of 0.26 in Q4 2025 indicate a notable quarterly profitability rebound after several negative quarters.
Positive: Material operating cash flow in Q4 2025 — Net cash from continuing operating activities was 320.3M in Q4 2025, signaling a solid positive cash flow from core operations at year-end.
Positive: Positive operating cash flow in early 2026 — Net cash from continuing operating activities in Q1 2026 was 65.4M, suggesting a return toward positive operating cash flow during the first quarter of 2026.
Positive: Financing activity supports liquidity in Q4 2025 — Net cash from financing activities was roughly 149.4M in Q4 2025, contributing to overall liquidity during the quarter.
Positive: Debt burden shows some relief on short-term borrowings — Short-term debt declined to about 3.8M in Q2 2026, indicating a meaningful reduction in near-term borrowing needs.
Neutral: Revenue levels remain in a narrow band — Operating revenue across recent quarters has generally hovered in the 320–350M range, indicating relative top-line stability without strong growth signals.
Neutral: Large non-cash charges and asset base — Amortization/depreciation are consistently large (non-cash) components across quarters, and goodwill/intangible assets sit at elevated levels, which can press on reported earnings but not cash.
Neutral: Leverage-heavy balance sheet characteristics — The balance sheet features substantial noncurrent assets (e.g., goodwill and intangibles) and sizable liabilities, a common structure for major media/entertainment players, which warrants watching debt levels and interest fallout over time.
Negative: Ongoing quarterly net losses — Even with occasional positive quarters, LGF.A posted net losses in several quarters (e.g., -52.6M in Q2 2026 continuing operations; -42.5M in Q1 2026; significant prior-period losses in multiple quarters), highlighting persistent profitability headwinds.
Negative: Operating margins strained by high costs — Total operating expenses in several quarters run high relative to revenue (for example, Q4 2025 shows substantial operating expense load contributing to margin pressure), which can cap upside unless revenue grows or cost structure improves.
Negative: Mixed cash flow from operations historically — Although a few quarters show positive operating cash flow, several periods exhibit negative cash flow from operations, indicating volatility in the cash-generation profile.

05/05/26 04:11 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Starz Entertainment's Financials

When does Starz Entertainment's fiscal year end?

According to the most recent income statement we have on file, Starz Entertainment's financial year ends in March. Their financial year 2025 ended on March 31, 2025.

How has Starz Entertainment's net income changed over the last 10 years?

Starz Entertainment's net income appears to be on an upward trend, with a most recent value of -$211.20 million in 2025, falling from $181.80 million in 2015. The previous period was -$915.20 million in 2024. See Starz Entertainment's forecast for analyst expectations on whatâ€™s next for the company.

What is Starz Entertainment's operating income?

Starz Entertainment's total operating income in 2025 was -$170.40 million, based on the following breakdown:

Total Gross Profit: $1.37 billion
Total Operating Expenses: $1.54 billion

How has Starz Entertainment's revenue changed over the last 10 years?

Over the last 10 years, Starz Entertainment's total revenue changed from $2.40 billion in 2015 to $1.37 billion in 2025, a change of -42.9%.

How much debt does Starz Entertainment have?

Starz Entertainment's total liabilities were at $1.41 billion at the end of 2025, a 15.3% increase from 2024, and a 42.6% decrease since 2015.

How much cash does Starz Entertainment have?

In the past 10 years, Starz Entertainment's cash and equivalents has ranged from $17.80 million in 2025 to $528.70 million in 2021, and is currently $17.80 million as of their latest financial filing in 2025.

How has Starz Entertainment's book value per share changed over the last 10 years?

Over the last 10 years, Starz Entertainment's book value per share changed from 6.02 in 2015 to 3.19 in 2025, a change of -47.1%.

Related Companies

Financial statements for NASDAQ:STRZ last updated on 11/14/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Starz Entertainment (STRZ) Financials

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