Starz Q2 Net Loss Widens on Linear TV Decline, Universal Output Deal Exit Charge
But streaming continued to show progress, driven by engagement growth from “Outlander,” “Raising Kanan” Season 5 and "The Housemaid" The post Starz Q2 Net Loss Widens on Linear TV Decline, Universal Output Deal Exit Charge appeared first on TheWrap .
Starz reported a widening net loss of $189.4 million for Q2 2025, primarily due to a $147 million restructuring charge related to its exit from a Universal Pay-2 film deal. Excluding this charge, the company's loss narrowed to $42.2 million, or $2.27 per share, compared to a $42.5 million loss in the same period last year. The company's total revenue fell 3.6% to $307.9 million, with its linear TV business experiencing a 12% drop to $87 million as pay TV audiences decline.
However, streaming revenue showed progress, with a 0.1% increase to $221.3 million, marking the first quarter of year-over-year growth since the fourth quarter of 2024. Starz anticipates converting 70% of its adjusted operating income into free cash flow and raised its forecast for both metrics, expecting positive year-over-year streaming revenue growth for the year.
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