Overview

* Starz Q3 revenue slightly misses analyst expectations at $320.9 mln

* Company reports Q3 net loss of $52.6 mln

* U.S. OTT subscribers grew by 110,000 sequentially, reaching 12.3 mln

Outlook

* Management reiterates all previously provided 2025 outlook

* Company aims to expand core audience with strong slate of originals

Result Drivers

* U.S. OTT GROWTH - U.S. OTT subscribers increased by 110,000, reaching 12.3 mln, driven by strong engagement on the STARZ app

* CONTENT STRATEGY - Co focuses on generating new revenue through content licensing and series ownership, per CEO Jeffrey Hirsch

* CANADIAN SUBSCRIBER INCREASE - Canadian subscribers rose by 250,000 due to resolution of a carriage dispute

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Slight $320.9 $322.78

Revenue Miss* mln mln (5

Analysts

)

Q2 EPS -$3.15

Q2 Net -$52.60

Income mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

* Wall Street's median 12-month price target for Starz Entertainment Corp ( STRZ ) is $15.00, about 27.6% above its November 12 closing price of $10.86

* The stock recently traded at 47 times the next 12-month earnings vs. a P/E of 63 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)