Starz Entertainment reports Q1 EPS ($9.83) vs. ($9.15) last year

Reports Q1 revenue $306.9M, consensus $305.75M. “As we mark the one-year anniversary of our separation today, I’m proud to report that STARZ is a structurally stronger company than when we separated,” said STARZ President and CEO Jeffrey Hirsch. “Over the past year, we have executed with discipline against our strategic and financial priorities to position the company for long-term value creation, and we delivered a strong start to the year, meeting or exceeding all of our key financial targets. Given our progress and one of our strongest content lineups we’ve had in years, we are increasingly confident in our ability to drive OTT revenue growth, reduce leverage, expand margins, and generate sustainable free cash flow in the years ahead.”