Starz narrows net loss to $34.8M, beats Wall Street Q3 targets
Variety’s Jennifer Maas reports that Starz beat Wall Street’s third-quarter estimates, narrowing its net loss to $34.8 million from $52.6 million a year earlier.
Why it matters. Starz’s narrowing losses and streaming growth give CEO Jeffrey Hirsch leverage to resist a lower-value acquisition offer, having set what he calls “a high bar for any strategic transaction.”
Signal from variety.com · Jennifer Maas · read the original.
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