Reported Earnings • May 11
First quarter 2026 earnings released: US$9.82 loss per share (vs US$9.22 loss in 1Q 2025) First quarter 2026 results: US$9.82 loss per share (further deteriorated from US$9.22 loss in 1Q 2025). Revenue: US$306.9m (down 7.2% from 1Q 2025). Net loss: US$164.9m (loss widened 7.1% from 1Q 2025). Revenue is forecast to stay flat during the next 3 years compared to a 4.3% growth forecast for the Entertainment industry in Germany. Announcement • Apr 08
Starz Entertainment Corp. to Report Q1, 2026 Results on May 07, 2026 Starz Entertainment Corp. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 07, 2026 Announcement • Apr 04
Starz Entertainment Corp., Annual General Meeting, May 15, 2026 Starz Entertainment Corp., Annual General Meeting, May 15, 2026. Location: starzs head office, at dentons canada llp, 250 howe street, 20 floor, british columbia, v6c 3r8, vancouver Canada Announcement • Mar 07
An undisclosed buyer acquired 10.75% stake in Starz Entertainment Corp. (NasdaqGS:STRZ) from Liberty 77 Capital L.P. for $25 million. Allen Family Capital, LLC entered into a private agreement to acquire 10.75% stake in Starz Entertainment Corp. (NasdaqGS:STRZ) from Liberty 77 Capital L.P. for $25 million on March 4, 2026. A cash consideration valued at $13.8597 per share will be paid by Allen Family Capital, LLC.
Allen Family Capital, LLC completed the acquisition of 10.75% stake in Starz Entertainment Corp. (NasdaqGS:STRZ) from Liberty 77 Capital L.P. on March 6, 2026. New Risk • Feb 27
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -US$66m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$66m). Currently unprofitable and not forecast to become profitable over next 3 years (US$21m net loss in 3 years). Significant insider selling over the past 3 months (€2.7m sold). Reported Earnings • Feb 27
Third quarter 2026 earnings released: US$1.24 loss per share (vs US$1.90 loss in 3Q 2025) Third quarter 2026 results: US$1.24 loss per share (improved from US$1.90 loss in 3Q 2025). Revenue: US$322.8m (down 6.3% from 3Q 2025). Net loss: US$20.7m (loss narrowed 35% from 3Q 2025). Revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Entertainment industry in Germany are expected to grow by 5.6%. Announcement • Jan 27
Starz Entertainment Corp. to Report Q4, 2025 Results on Feb 26, 2026 Starz Entertainment Corp. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Feb 26, 2026 New Risk • Dec 20
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -US$64m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$64m). Currently unprofitable and not forecast to become profitable over next 3 years (US$61m net loss in 3 years). Share price has been volatile over the past 3 months (8.5% average weekly change). Significant insider selling over the past 3 months (€2.7m sold). Recent Insider Transactions • Dec 15
Non-Executive Chair recently sold €1.8m worth of stock On the 10th of December, Michael Burns sold around 188k shares on-market at roughly €9.39 per share. This transaction amounted to 71% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Michael has been a net seller over the last 12 months, reducing personal holdings by €2.7m. New Risk • Dec 12
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €903k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$55m net loss in 3 years). Share price has been volatile over the past 3 months (8.6% average weekly change). Significant insider selling over the past 3 months (€903k sold). Recent Insider Transactions • Nov 20
President recently bought €291k worth of stock On the 18th of November, Jeffrey Hirsch bought around 30k shares on-market at roughly €9.69 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Jeffrey has been a buyer over the last 12 months, purchasing a net total of €455k worth in shares. Announcement • Oct 14
Starz Entertainment Corp. to Report Q3, 2025 Results on Nov 13, 2025 Starz Entertainment Corp. announced that they will report Q3, 2025 results on Nov 13, 2025 Recent Insider Transactions • Aug 20
President recently bought €164k worth of stock On the 19th of August, Jeffrey Hirsch bought around 15k shares on-market at roughly €10.95 per share. This transaction amounted to 9.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Jeffrey's only on-market trade for the last 12 months. Reported Earnings • Aug 15
First quarter 2026 earnings released: US$2.55 loss per share (vs US$0.066 profit in 1Q 2025) First quarter 2026 results: US$2.55 loss per share (down from US$0.066 profit in 1Q 2025). Revenue: US$319.7m (down 8.0% from 1Q 2025). Net loss: US$42.5m (down US$43.6m from profit in 1Q 2025). Revenue is forecast to stay flat during the next 3 years compared to a 5.9% growth forecast for the Entertainment industry in Germany. Announcement • Aug 15
Starz Entertainment Corp. Reiterates Earnings Guidance for the Third Quarter and Fourth Quarter of 2025 Starz Entertainment Corp. Reiterated earnings guidance for the third quarter and fourth quarter of 2025. For the periods, Management Reiterates Outlook for Sequential Revenue and OTT Subscriber Growth in Third Quarter and Fourth Quarter of 2025. Announcement • Jul 30
Starz Entertainment Corp. to Report Q2, 2025 Results on Aug 14, 2025 Starz Entertainment Corp. announced that they will report Q2, 2025 results on Aug 14, 2025 Reported Earnings • Jun 29
Full year 2025 earnings released: US$12.88 loss per share (vs US$5,029 loss in FY 2024) Full year 2025 results: US$12.88 loss per share (improved from US$5,029 loss in FY 2024). Revenue: US$1.37b (down 1.6% from FY 2024). Net loss: US$215.3m (loss narrowed 73% from FY 2024). Revenue is forecast to stay flat during the next 3 years compared to a 5.8% growth forecast for the Entertainment industry in Germany. Announcement • Jun 07
Starz Entertainment Corp. Announces Resignation of Marc Graboff as Member of the Board of Directors On June 3, 2025, Mr. Marc Graboff resigned from his position as a member of the Board of Directors of Starz Entertainment Corp., a corporation organized under the laws of the province of British Columbia, Canada (hereinafter the “Company”), and from any and all of the committees of the Board on which he serves, which resignation was accepted by the Board of Directors on June 4, 2025. Mr. Graboff had been Warner Bros. Discovery Inc.’s designee to the Company’s Board of Directors per Section 2.01 of the Investor Rights Agreement, dated as of May 6, 2025, by and among the Company, MHR Fund Management LLC, Liberty Global Ventures Limited, Discovery Lightning Investments Ltd., Liberty Global Ltd., and Warner Bros. Discovery Inc. Mr. Graboff’s resignation was required upon the sale by Warner Bros. Discovery Inc. of its shares in the Company to MHR Fund Management LLC.Mr. Graboff’s resignation was not the result of any disagreement between the Company and him on any matter relating to the Company’s operations, policies or practices. New Risk • Jun 06
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$62m Forecast net loss in 2 years: US$24m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$115m). Currently unprofitable and not forecast to become profitable over next 2 years (US$24m net loss in 2 years). Breakeven Date Change • May 20
Forecast to breakeven in 2027 The 3 analysts covering Starz Entertainment expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$5.00m in 2027. Average annual earnings growth of 94% is required to achieve expected profit on schedule. 
