Starz (STRZA) Reports In-Line Q3 EPS, Sales Miss

Starz (NASDAQ: STRZA) reported Q3 EPS of $0.51, in-line with the analyst estimate of $0.51. Revenue for the quarter came in at $408.2 million versus the consensus estimate of $434.4 million.

“Our business continued to perform nicely in the third quarter as Starz Networks reported solid revenue, earnings growth and we reached a new high in STARZ subscriptions of 22.5 million,” said Starz CEO, Chris Albrecht. “We are pleased with the traction of our original programs. ‘Outlander’ had a strong debut, viewership for ‘Power’ finished up with great momentum and grew its viewership throughout the first season, and ‘Survivor’s Remorse’ continues to receive significant critical acclaim. We are very enthusiastic about our 2015 slate of original programming, which is the deepest to-date and launches with the second season of ‘Black Sails’ in January. As demand for our content increases worldwide, we are providing subscribers multiple options. Recently, we confirmed details of a new partnership to offer STARZ PLAY as a direct-to-consumer streaming SVOD service in select international markets and featuring STARZ Original series.”

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

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