Starz Q1, SPE FY2025
Starz Q1 2026 earnings. Their fourth quarter since the split with Lionsgate is continuing the bad news:
$306.9M revenue
↓7%
$211.1M streaming revenue
↓7%
$164.9M net loss
vs. $153M loss last year
Starz ended Q4 with $523M net debt, an 11% reduction since last quarter.
One note: they exited their Pay 2 deal with Universal. Originally, Universal’s titles after theatrical would flow to its streamer, Peacock, and to Amazon. And after 12-18 months of exclusivity, they’d be available on Starz. But because of significant subscriber overlap from Starz and Amazon, the viewership has not been what Starz wanted.
Sony Pictures Entertainment Full Year 2025 results. Plus the delta from last year:
$9.92bn revenue
Flat
$3.28bn Motion Picture Unit revenue
↓ 18%
$687M opearting income
↓ 11%
$858M profit
↑ 11%
Demon Slayer: Kimetsu no Yaiba Infinity Castle helped boost theater revenue, but was offset by the closure of one of its virtual production studios. Full breakdown here.