In early May, STARZ announced that it had separated from Lionsgate, to become an independent, publicly traded company. On Thursday, the company shared its first quarterly financial report since the separation.
The report shows total revenue of $330.6 million and operating loss of $136.3 million. The results include a restructuring charge of $177.4 million.
The Starz Networks segment of the company, including operations in the U.S. and Canada, ended the quarter with 12.3 million U.S. OTT subscribers, an increase of 530,000. Total U.S. subscribers, including linear, reached 18.0 million, an increase of 320,000 from the previous quarter. When including Canada, total subscribers were 19.6 million, a decline of 330,000 fro the previous quarter, due to a carriage dispute in Canada that removed the channel from some packages.
“For the quarter, we are very pleased to report the company’s strong operating and financial results, and excellent subscriber growth. We delivered significant U.S. OTT subscriber gains, growing the total subscriber base in the U.S. by almost 2%,” said Jeffrey Hirsch, President and CEO of STARZ. “Despite having a strike-impacted slate this year, we delivered a strong fourth quarter and generated over $200M of Adjusted OIBDA for fiscal year 2025.”
The report also says that at the time of separation from Lionsgate on May 6, 2025, STARZ had debt of $300 million under its new Term Loan A facility and $325.1 million in senior unsecured notes that remained with the company, offset by $66 million in cash.
Despite the operating loss for quarter, the report says: “The company remains confident in its financial trajectory and continues to forecast approximately $200 million in Adjusted OIBDA for calendar year 2025.”