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 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]. 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 3%[22]. - The company had 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]. - The company reported a total of 19.20 million subscribers across Starz Networks as of September 30, 2025, down from 19.60 million as of March 31, 2025[22]. Cash Flow and Debt - 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 experienced a cash inflow of $39.3 million from operating activities for the six months ended September 30, 2025, compared to an outflow of $24.4 million in the same period of 2024[13]. - The net cash used in financing activities for the six months ended September 30, 2025, was $90.8 million, compared to a cash inflow of $96.2 million in the same period of 2024[13]. - The company’s cash and cash equivalents at the end of the period were $37.0 million, an increase from $18.8 million at the end of the previous period[13]. Strategic Initiatives - 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]. Capital Expenditures - Capital expenditures for the six months ended September 30, 2025, were $12.1 million, compared to $9.6 million in the same period of 2024[13].
Lions Gate Entertainment(LGF_B) - 2026 Q2 - Quarterly Results