Stifel Upgrades Starz (STRZA) to Buy
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Starz Reports Third Quarter 2016 Financial Results
October 27, 2016 4:06 PM EDTENGLEWOOD, Colo.--(BUSINESS WIRE)-- Starz (NASDAQ: STRZA, STRZB) today reported third quarter 2016 results. Highlights include (1):
Financial Highlights:
Starz Networks reported revenue of $348.6 million; 6% year-over-year growth and largest increase since Q2 2013 Reported consolidated revenue of $407.8 million; operating income of $74.0 million; fully diluted earnings per share of $0.34 and Adjusted OIBDA (2) of $89.9 million Starz Networks operating income of $80.4 million and Adjusted OIBDA of $92.9 millionOperating Highlights:
Increased STARZ subscriptions by 1.2 million year-over-year; 300,000 since June 30, 2016 to a new high of 24.5 million... More
