What Starz Entertainment (STRZ) Said on Its Q3 Earnings Call
Higher OTT streaming revenue helped Starz offset falling linear sales and beat analyst expectations with $322.4 million in quarterly revenue.
- On Thursday, Starz reported third-quarter revenue of $322.4 million, beating Wall Street expectations as the company narrowed its net loss to $34.8 million from $52.6 million a year earlier.
- Streaming revenue rose 1.7% to $226.6 million, offsetting linear television's decline to $95.8 million as cord-cutting pressures continued across the industry.
- Viewership for the Lionsgate biopic "Michael" drove subscriber acquisition, becoming the network's most successful Pay 1 title since its August 10 debut, while the premiere of wholly owned series "Fightland" bolstered distribution revenue.
- Media mogul Byron Allen liquidated his entire 10.7 percent ownership stake between early August and late September, netting approximately $20 million in profit from the sale.
- Starz President and CEO Jeffrey Hirsch emphasized bundling and partnerships as growth drivers, maintaining the company's full-year outlook for positive streaming growth and mid single-digit adjusted operating income expansion through 2026.
12 Articles
12 Articles
What Starz Entertainment (STRZ) Said on Its Q3 Earnings Call
Starz Entertainment (NASDAQ:STRZ) reported third-quarter revenue growth and reiterated its full-year outlook, citing higher over-the-top revenue, distribution gains from owned programming and continued progress on free cash flow and leverage reduction. Total third-quarter revenue was $322 million,
Starz Narrows Net Loss to $34.8 Million as Streaming Offsets Linear Declines
Starz reported a net loss of $2.02 per share, on revenue of $322.4 million, beating the $2.96 per share loss and $319.5 million in revenue expected by Wall Street analysts, per Yahoo Finance. Executives maintained the company’s outlook for 2026, which includes positive-year-over-year streaming growth and mid single-digit growth in adjusted operating income Shares of the company fell 3.4% to $21.74 on Thursday ahead of the results. Starz poste…
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