Starz Entertainment Corp. Reports Q3 Earnings Beat on Revenue and EPS
Starz Entertainment Corp. (STRZ) reported third-quarter financial results that exceeded analyst expectations for both earnings per share and revenue. The company posted a GAAP EPS of -$2.02, which outperformed estimates by $0.42, while revenue reached $322.4 million, representing a 0.5% year-over-year increase and beating projections by $2.91 million. Looking ahead, the company has raised its 2026 adjusted OIBDA growth outlook to mid-single digits. To support its financial strategy, Starz is targeting approximately 2.7x leverage following a $100 million increase in its credit facility. The company continues to focus on price increases, subscriber growth, and new distribution deals to drive long-term value.
Tickers: $STRZ
Topics: credit facility earnings beat guidance upgrade revenue growth