Starz (STRZA) Tops Q1 EPS by 15c
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Starz Reports First Quarter 2015 Financial Results
April 30, 2015 7:30 AM EDTENGLEWOOD, Colo.--(BUSINESS WIRE)-- Starz (NASDAQ: STRZA, STRZB) today reported first quarter 2015 results. Highlights include (1):
Financial Highlights:
Reported consolidated revenue of $450.7 million; Adjusted OIBDA(2) of $155.5 million; operating income of $142.5 million and fully diluted earnings per share of $0.79 Starz Networks reported revenue of $334.0 million, up 3%; Adjusted OIBDA of $129.7 million, up 14% and operating income of $118.4 million, up 15% Extended $1 billion revolving credit facility to April 2020Operating Highlights:
Increased STARZ subscriptions by 400,000 since December 31, 2014 Increased STARZ subscriptions by 1.8 million since March 31, 2014 to a new high of 23.7... More