Starz Raises Profit Outlook as Streaming Stabilizes, but Linear TV Tumbles
Starz reported Q2 net loss of $189.4M, or $11.27/share, on revenue of $307.9M, driven by a $147M restructuring charge tied to exiting a Universal Pay-2 film deal. Excluding the charge, loss narrowed to $42.2M. Starz raised its adjusted operating income and free cash flow outlook as OTT revenue stabilized and linear revenue fell 12%.

