Overview
- Starz, which reported results Thursday, logged revenue of $306.9 million and a net loss of $164.9 million that widened 7% from a year ago.
- Streaming revenue fell to $211.1 million and linear TV revenue slipped to $95.8 million, pulling total sales down 7% year over year.
- Adjusted earnings came in at $58 million and equity free cash flow reached $69 million, topping Wall Street forecasts.
- The company kept its outlook for positive streaming revenue growth and low single-digit growth in adjusted operating income, and it targets $80 million to $120 million in unlevered free cash flow and about 2.7x leverage exiting 2026.
- Starz will no longer give quarterly subscriber counts, last listing 12.7 million streaming and 5 million linear customers, and it set July 31 for the premiere of Fightland, its first owned original series.