Financial Performance - STARZ reported third quarter revenue of $320.9 million, a decrease from $346.9 million in the same quarter last year[4]. - The company experienced a net loss of $(52.6) million, translating to a net loss per share of $(3.15)[4]. - Adjusted OIBDA for the quarter was $21.8 million, with a total Adjusted OIBDA leverage ratio of 3.4x[4][6]. - For the six months ended September 30, 2025, the net loss from continuing operations was $95.1 million, compared to a net loss of $29.5 million for the same period in 2024[13]. - The company reported adjusted OIBDA of $83.5 million for the six months ended September 30, 2025, an increase from $24.7 million in the same period of 2024[15]. - The restructuring and other costs for the six months ended September 30, 2025, totaled $11.4 million, compared to a recovery of $1.7 million in the same period of 2024[18]. Subscriber Metrics - U.S. OTT subscriber growth reached 520,000 year-to-date and 670,000 year-over-year, totaling 12.3 million U.S. OTT subscribers[4]. - Total North American subscribers increased by 120,000 to 19.2 million, with Canadian subscribers rising by 250,000 due to the resolution of a carriage dispute[4]. - Total subscribers in the United States decreased to 17.46 million as of September 30, 2025, down from 18.00 million as of March 31, 2025, reflecting a decline of approximately 3%[22]. - The company reported a total of 12.29 million OTT subscribers in the United States as of September 30, 2025, a slight decrease from 12.30 million as of March 31, 2025[22]. Cash and Debt Management - STARZ ended the quarter with $300 million outstanding on its Term Loan A credit facility and total net debt of $588.1 million[4]. - STARZ's cash and cash equivalents increased to $37.0 million from $17.8 million in the previous quarter[10]. - The company had cash and cash equivalents of $37.0 million at the end of the period, an increase from $17.8 million at the beginning of the period[13]. - The company experienced a net cash provided by operating activities of $39.3 million for continuing operations, a significant improvement from a net cash used of $17.8 million in the prior year[13]. Capital Expenditures and Programming Costs - Capital expenditures for the six months ended September 30, 2025, were $12.1 million, compared to $9.6 million for the same period in 2024[13]. - Programming amortization for the six months ended September 30, 2025, was $319.3 million, slightly down from $331.1 million in the same period of 2024[13]. - The adjusted share-based compensation expense for the six months ended September 30, 2025, was $8.9 million, compared to $9.3 million in the same period of 2024[20]. Strategic Outlook - The company plans to generate new revenue through content licensing and improve ownership of series on the network[3]. - STARZ's programming mix includes a strong slate of originals aimed at women and underrepresented audiences, enhancing its market position[3][7]. - The company maintains its previously provided 2025 outlook, indicating confidence in future performance[1][3].
Lions Gate Entertainment(LGF_A) - 2026 Q2 - Quarterly Results