Starz Entertainment reports June quarter EPS ($2.54) vs. 26c last year

Reports June quarter revenue $319.7M vs. $347.6M last year. “In the three months since becoming a standalone public company, we have made significant progress toward achieving our key financial and operating objectives,” said STARZ President and CEO Jeffrey Hirsch. “Our content strategy continues to resonate with our audience as the subscriber additions from last weekend’s ‘Outlander: Blood of my Blood’ premiere were the third highest for a series premiere in STARZ’s history. Looking ahead, our highly compelling slate, coupled with an improved cost structure puts us on a clear path to achieving our key objectives: returning to revenue growth, improving our margins, and increasing our conversion of Adjusted OIBDA to free cash flow.”