Starz (STRZA) Misses Q2 EPS by 7c

Starz (NASDAQ: STRZA) reported Q2 EPS of $0.59, $0.07 worse than the analyst estimate of $0.66. Revenue for the quarter came in at $417.7 million versus the consensus estimate of $446.93 million.

Starz CEO Chris Albrecht said, “We were pleased with the performance of our businesses in the quarter with revenue up 2% and Adjusted OIBDA and operating income increases of 5%.

“In addition, we had a very successful quarter in terms of original programming and remain on track this year to achieve our goal of 75-80 episodes of new STARZ Original series. Both the second season of ‘Power’ and the first season of ‘Outlander’ delivered strong viewership, as well as industry and fan accolades. Looking ahead, the balance of the 2015 originals slate is strong with ‘Blunt Talk,’ ‘Survivor’s Remorse,’ ‘Da Vinci’s Demons,’ ‘Ash vs. Evil Dead,’ and ‘Flesh and Bone.’ Our original programming pipeline was also fortified with a great, new addition thanks to our green light of Neil Gaiman’s ‘American Gods.’ We are confident that robust original programming in combination with our quality movie offerings will further strengthen our distribution and subscriber relationships.

For earnings history and earnings-related data on Starz (STRZA) click here.

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