Starz Shrinks Loss, Grows Revenue in Third Quarter Amid Digital-Led Transformation
Starz reported a smaller operating loss and slightly higher revenue in the third quarter, as its streaming business grew while linear and other revenue declined. The results reflect the company’s shift towards digital services and its effort to build a more durable business beyond traditional cable packages.
Revenue for the three months to 30 September was $322.4 million, up from $320.9 million a year earlier and above analysts’ $319.5 million estimate. Streaming revenue reached $226.6 million, supported by subscription renewals and an April price increase, while linear and other revenue fell to $95.8 million. Starz’s net loss narrowed to $34.8 million from $52.6 million; its adjusted OIBDA was $44.2 million. The company also cited programming including *Fightland* and *Outlander: Blood of My Blood*, and recent bundle deals with Peacock and Crunchyroll.
In short
- Starz’s third-quarter revenue edged up to $322.4 million.
- Streaming revenue rose as linear and other revenue fell.
- Net loss narrowed from $52.6 million to $34.8 million.
Explained simply
Starz is an American television company that makes and distributes programmes through streaming subscriptions and traditional cable channels. Its business is changing as more viewers watch online and fewer rely on cable packages.
Streaming brings in money from subscriptions, while linear revenue comes mainly from scheduled television channels carried by cable and other providers. Starz’s results reflect the balance between these parts of the business, as it seeks to build revenue from streaming and partnerships with other services.
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