Starz Drops 800,000 Subscribers in Third Quarter; Revenue Dips As Well
The company pointed to a recent price increase as the biggest reason for last quarter’s subscriber loss.
The quarter ending on September 30 was one that Lionsgate would likely choose to forget. The company — which is still entangled with the Starz streaming service and cable network — turned in a disappointing quarterly earnings report on Thursday, one which showed another loss in streaming customers accompanied by a dip in segment revenue.
Key Details: Starz lost 800,000 subscribers in its fiscal second quarter. Revenue from media networks dipped $70 million year-over-year. Executives are hopeful for a rebound in Starz subscribers in the current quarter. Sign Up $10.99+ / month starz.com
The Starz direct-to-consumer service’s results were folded into Lionsgate’s Media Networks segment, which still posted a $26.9 million profit in the quarter. That was essentially the only sliver of good news in that part of the company’s earnings report, however.
Starz lost 800,000 customers during the quarter,...
The quarter ending on September 30 was one that Lionsgate would likely choose to forget. The company — which is still entangled with the Starz streaming service and cable network — turned in a disappointing quarterly earnings report on Thursday, one which showed another loss in streaming customers accompanied by a dip in segment revenue.
Key Details: Starz lost 800,000 subscribers in its fiscal second quarter. Revenue from media networks dipped $70 million year-over-year. Executives are hopeful for a rebound in Starz subscribers in the current quarter. Sign Up $10.99+ / month starz.com
The Starz direct-to-consumer service’s results were folded into Lionsgate’s Media Networks segment, which still posted a $26.9 million profit in the quarter. That was essentially the only sliver of good news in that part of the company’s earnings report, however.
Starz lost 800,000 customers during the quarter,...
- 11/8/2024
- by David Satin
- The Streamable
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