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, or $11.27 per share, in the second quarter, driven largely by a $147 million restructuring charge from exiting a Universal film deal. Excluding the charge, the company would have lost $42.2 million, or $2.27 per share, which improved compared to a $42.5 million loss a year earlier.
Total revenue fell 3.6% to $307.9 million, while streaming revenue grew slightly, marking its first increase since late 2024. Linear TV revenue dropped 12% to $87 million. Despite the losses, Starz remains on track to convert 70% of its adjusted operating income into free cash flow. The company raised its forecast for both metrics and anticipates positive year-over-year streaming revenue growth for the year.
Starz also launched partnerships with Peacock and Crunchyroll, expanding its reach to Comcast's 48 million Peacock subscribers. Management remains confident in the company's trajectory, with plans for additional content releases and potential M&A opportunities to accelerate growth and reduce leverage.
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