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Starz Posts Second Quarter Revenue Dip as Digital-Led Strategy Shows Momentum
['Etan Vlessing']
The Hollywood Reporter
Starz executives were bullish Friday about the premium cabler’s digital-led transformation making headway in the second quarter, despite posting a revenue dip and a widened loss.
Investors in pre-market trading on Friday sent shares in Starz down by 55 cents, or just over 2 percent, to $25.19.
“The content portfolio in the quarter generated the second-highest audience engagement quarter of all time.
Starz also has upcoming the return of P-Valley and season 2 of Blood of my Blood from the Outlander universe.
“The financial story for Starz is getting stronger and simpler every quarter: growing OTT revenue, expanding margins, growing free cash flow, and reducing leverage.