Starz Q3 Revenue Grows, Losses Narrow As It Starts To Unlock “Financial Upside Of Increased Ownership” In Slate — SkimNews
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- Starz reported third-quarter revenue of $322.4 million, up from $320.9 million, with OTT rising to $287 million from the year before while linear slipped to $95.8 million; the results topped Wall Street forecasts.
- Starz's net loss narrowed year over year to $35 million, the figure reported in Variety's Q3 coverage of the estimate beat.
- Starz, which separated from Lionsgate Studios in 2025, ended the quarter with $86.8 million in cash and cash equivalents and $687.5 million in total debt.
- Fightland premiered as Starz's first owned series in a quarter that also delivered the Power Book III: Raising Kanan finale, Season 2 of Outlander: Blood of my Blood, S.W.A.T. Exiles and the Michael biopic, the best-performing Pay 1 title in Starz history, with Hirsch saying the financial upside of increased ownership is just beginning to be unlocked.
- Black Rodeo, an untitled Starz-owned original now in production, sits alongside the final season of P-Valley and two new Power Universe series on the Q4-and-beyond slate.
- Verizon Fios reached a distribution agreement with Starz in early October, ending a dispute that had blacked out the service — one of multiple new distribution agreements signed over the last four months.
- Starz shares were flat after the earnings release but have surged 85% year to date.
Why it matters: Starz's 85% year-to-date rally came with $687.5 million of total debt against $86.8 million in cash, while linear revenue slipped to $95.8 million. The bet for shareholders is now a $287 million streaming business built on owned originals rather than the legacy linear base.
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