Starz (STRZA) Misses Q1 EPS by 2c
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Starz Reports First Quarter 2016 Financial Results
April 28, 2016 4:05 PM EDTENGLEWOOD, Colo.--(BUSINESS WIRE)-- Starz (NASDAQ: STRZA, STRZB) today reported first quarter 2016 results. Highlights include(1):
Financial Highlights:
Reported consolidated revenue of $431.9 million; Adjusted OIBDA(2) of $127.1 million; operating income of $114.1 million and fully diluted earnings per share of $0.65 Starz Networks reported revenue of $339.9 million; Adjusted OIBDA of $116.8 million and operating income of $105.3 millionOperating Highlights:
Increased STARZ subscriptions by 400,000 to a new high of 24.0 million since December 31, 2015 and STARZ ENCORE subscriptions by 200,000 to 32.4 million since December 31, 2015; combined subscriptions of 56.4 million... More