Starz Entertainment (STRZ) Investor Presentation summary

Business overview

• Leading premium pay-TV and OTT service in the US and Canada, with a strong digital focus.

• Approximately 70% of revenue now comes from digital channels.

• Positioned as a platform-agnostic, complementary service with competitive pricing.

• Appeals to valuable and scalable demographics, especially women and underrepresented audiences.

• Offers a robust portfolio of originals, theatrical output, and library content.

Digital transformation and financial performance

• Achieved a profitable digital transformation, with OTT revenue growing 10x since launch.

• Maintained stable total revenue despite industry-wide linear TV revenue declines.

• Revenue transition from linear to digital completed in less than five fiscal years.

• By FY24, digital revenue reached approximately $1.38 billion.

Content and audience engagement

• STARZ originals consistently rank among top industry hits, outperforming some larger streamers on a per-subscriber basis.

• Shows like "Ghost S4 Part 1" and "BMF S3" deliver high hours viewed per subscriber.

• Multiplatform viewership per episode for top shows ranges from 9–12 million.

• Proven track record in building successful franchises such as "Power" and "Outlander."