Starz Sees Revenue Drop 4% in Q2 But Raises Profit Outlook as Streaming Stabilizes, Takes $147 Million Charge for Termination of Universal Output Deal Starz reported a 4% decline in total revenue for the second quarter of 2026, but beneath this seemingly dire prognosis lies a more nuanced reality: the media company is slowly turning around its fortunes.
With streaming revenue showing year over year growth for the first time in 18 months and an adjusted operating income before depreciation and amortization (OIBDA) forecast raised to mid single digits, it's clear that Starz has finally hit its stride.
The $147 million restructuring charge associated with terminating its pay 2 film output agreement with Universal Pictures in April is a significant blow.