Financial Performance - STARZ reported consolidated revenue of $319.7 million for the quarter ended June 30, 2025, a decrease from $347.6 million in the same quarter of 2024, representing a decline of approximately 8.5%[4] - The net loss for the quarter was $(42.5) million, translating to a net loss per share of $(2.54), compared to a net income of $4.2 million in the prior year[4][12] - The company reported an operating loss of $(26.9) million, compared to an operating income of $10.1 million in the same quarter of the previous year[12] - Adjusted OIBDA for the quarter was $33.4 million, a decrease from $56.3 million in the same period of 2024, reflecting a decline of approximately 40.6%[14] - The total number of Starz Networks subscribers as of June 30, 2025, was 19.08 million, down from 21.30 million a year earlier, reflecting a decrease of approximately 10.4%[22] Subscriber Metrics - STARZ ended the quarter with 12.2 million U.S. Over-The-Top (OTT) subscribers, reflecting a sequential decline of 120,000 subscribers, while total U.S. subscribers decreased by 410,000 to 17.6 million[5] - STARZ's total North American subscribers, including Canada, decreased by 520,000 to 19.1 million, with Canadian subscribers declining by 110,000 due to continued linear declines[5] - Total domestic subscribers as of June 30, 2025, were 17.59 million, down from 18.93 million as of June 30, 2024, indicating a decrease of about 7.1%[22] - OTT subscribers in the U.S. decreased to 12.18 million as of June 30, 2025, from 12.44 million a year earlier, a decline of approximately 2.1%[22] Costs and Expenses - Total share-based compensation expense for the three months ended June 30, 2025, was $7.4 million, up from $5.2 million in the same period of 2024, representing an increase of 42.3%[20] - The restructuring and other costs for the three months ended June 30, 2025, amounted to $6.4 million, compared to a cost of $0.6 million in the same period of 2024[16] - The company reported depreciation and amortization of $48.7 million for the three months ended June 30, 2025, compared to $41.6 million for the same period in 2024, an increase of 16.9%[14] Debt and Cash Position - STARZ's cash and cash equivalents increased to $51.6 million from $17.8 million at the beginning of the quarter[11][13] - The company has a total net debt of $573.5 million, with $300 million outstanding on its Term Loan A credit facility and $325.1 million in senior unsecured notes[5] Future Outlook - The company anticipates sequential revenue and OTT subscriber growth in Q3 and Q4 of 2025, supported by a compelling content slate and improved cost structure[2] - STARZ's content strategy has led to significant subscriber additions, with the premiere of "Outlander: Blood of my Blood" achieving the third highest series premiere in the company's history[3] International Segment - The company’s international segment reported an adjusted OIBDA of $1.3 million for the three months ended June 30, 2025, compared to a loss of $1.0 million in the same period of 2024[14] Adjusted OIBDA Leverage Ratio - The adjusted OIBDA leverage ratio is a key metric for assessing the company's ability to meet its debt obligations and maintain financial flexibility[27]
Lions Gate Entertainment(LGF_A) - 2026 Q1 - Quarterly Results