Starz (STRZA) Tops Q1 EPS by 15c

Starz (NASDAQ: STRZA) reported Q1 EPS of $0.79, $0.15 better than the analyst estimate of $0.64. Revenue for the quarter came in at $450.7 million versus the consensus estimate of $436.55 million. Adjusted OIBDA was $155.5 million.

“We delivered strong year-over-year revenue and earnings growth in the first quarter,” said Starz CEO, Chris Albrecht. “Our solid financial profile highlights the success of our strategic growth plan to develop, produce, and monetize STARZ Original series globally.”

“Our programming slate is the most robust it’s ever been and we are on track to have an expected 75-80 episodes of new originals this year. The reception we are seeing for STARZ Original series bodes very well for our efforts to fortify distribution relationships, and to build Starz’s presence overseas, as underscored by the launch of the STARZ PLAY Arabia over-the-top service. We are excited about the prospects for our business in 2015 and beyond.”

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

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