Core Insights - Starz reported total revenue of $319.7 million in Q2, slightly below Wall Street expectations due to declines in subscriber levels on linear TV and streaming [1] - The company, which became independent from Lionsgate earlier this year, is projecting growth in both subscribers and revenue over the next two quarters [2] - Adjusted operating income before depreciation and amortization (OIBDA) reached $33.4 million, meeting Street forecasts [2] Subscriber Metrics - Starz has over two-thirds of its subscriber base in streaming, ending Q2 with 12.2 million streaming customers in the U.S., a decline of 120,000 from the prior quarter [3] - Total U.S. subscribers (linear and streaming combined) reached 17.6 million, down 410,000 [3] - North American subscriber count was 19.1 million, reflecting a quarter-to-quarter decline of 520,000 [3] Financial Performance - The company reported net losses of $42.5 million, equating to a loss of $2.54 per share [4] - Starz had total net debt of $573.5 million at the end of the quarter, with a leverage ratio of 3.2 times trailing 12-month adjusted OIBDA [6] Content and Future Outlook - The main new series released in Q2 was "Power Book III: Raising Kanaan," with the current quarter seeing strong performance from the "Outlander" spinoff "Blood of My Blood" [5] - Executives expect growth in both subscribers and revenue in Q3 and Q4, although no specific projections were provided [5] - CEO Jeffrey Hirsch highlighted significant progress towards financial and operational objectives since becoming a standalone public company [6] Stock Performance - Starz shares have nearly doubled since the company's May IPO, reaching a high of $21 before drifting down closer to $15 in recent trading sessions [7]