Starz Entertainment Corp. reported its financial results for the fiscal fourth quarter and full year ended March 31, 2025. For the fourth quarter, total revenue was $330.6 million, with an operating loss of $(136.3) million and Adjusted OIBDA of $93.3 million.
The full fiscal year 2025 saw total revenue of $1,369.6 million and an operating loss of $(164.3) million. Notably, the company achieved its fiscal year goal, delivering $201.5 million in Adjusted OIBDA.
The fourth quarter results included a $177.4 million restructuring charge, primarily for a strategic reassessment of the content portfolio. U.S. Over-The-Top (OTT) subscribers increased by 530,000 sequentially to 12.3 million, contributing to a nearly 2% growth in total U.S. subscribers to 18.0 million.
Total North American subscribers, including Canada, declined sequentially by 330,000 to 19.6 million, largely due to a Canadian carriage dispute. Post-separation, Starz had $300.0 million under its new Term Loan A facility and $325.1 million in senior unsecured notes, with net debt of $559.1 million.
The company did not report earnings per share for the fourth quarter due to its recent separation from Lionsgate, with EPS reporting to commence with the quarter ending June 30, 2025. Management forecasts approximately $200 million in Adjusted OIBDA for calendar year 2025.
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