Pivotal Research Downgrades Starz (STRZA) to Hold
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Starz Reports Second Quarter 2016 Financial Results
July 28, 2016 4:06 PM EDTENGLEWOOD, Colo.--(BUSINESS WIRE)-- Starz (NASDAQ: STRZA, STRZB) today reported second quarter 2016 results.
Highlights include (1):
Reached $4.4 billion cash and stock deal to merge with Lions GateFinancial Highlights:
Reported consolidated revenue of $402.6 million; operating income of $105.4 million; fully diluted earnings per share of $0.54 and Adjusted OIBDA (2) of $127.4 million Starz Networks reported revenue of $343.1 million; operating income of $121.1 million and Adjusted OIBDA of $132.1 millionOperating Highlights:
Increased STARZ subscriptions by 200,000 since March 31, 2016 to a new high of 24.2 million; combined STARZ... More