Starz Misses Q3 Revenue Projections, Confirms International SVOD Launch

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Starz delivered a profit of $55.8 million in its third quarter but revenue of $408.2 million came in below Wall Street estimates.

In its earnings announcement, CEO Chris Albrecht confirmed the company is moving ahead with plans to launch an SVOD service for its original series in selected international markets.

Overall, Wall Street had been expecting Starz to deliver Q3 revenue of around $434 million. The Q3 earnings per share of 51 cents were on target with estimates averaging 51 cents-52 cents per share.

Albrecht said Starz is seeing good traction for its new series, particularly fantasy epic “Outlander” (pictured), which bowed in August, and urban drama “Power.” Both have been renewed for a second season along with comedy “Survivor’s Remorse.”

Operating income at the Starz Networks unit climbed 4% to $99.2 million, but was offset by a $14.4 million jump in expenses for original series now in production.

“As demand for our content increases worldwide, we are providing subscribers multiple options,” Albrecht said. “Recently, we confirmed details of a new partnership to offer Starz Play as a direct-to-consumer streaming SVOD service in select international markets and featuring Starz Original series.”

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