Starz Misses Q3 Revenue Projections, Confirms International SVOD Launch
Starz delivered a profit of $55.8 million in its third quarter but revenue of $408.2 million came in below Wall Street estimates.
In its earnings announcement, CEO Chris Albrecht confirmed the company is moving ahead with plans to launch an SVOD service for its original series in selected international markets.
Overall, Wall Street had been expecting Starz to deliver Q3 revenue of around $434 million. The Q3 earnings per share of 51 cents were on target with estimates averaging 51 cents-52 cents per share.