Starz Sees Widening Losses and Subscriber Declines in Q3 2025

As of November 13, 2025, Starz, the standalone entertainment company, has reported a challenging third quarter with declining revenue and widening losses. The company's overall revenue fell to $321 million, down from $347 million in the same period a year earlier. Starz recorded a widened operating loss of $34.8 million, a significant increase from the $17 million operating loss it had posted in the year-ago quarter.

The company's streaming revenue also declined, dropping to $222.8 million from $232.2 million a year earlier. Its linear and other revenue sources also saw a decrease, falling to $98.1 million from $114.7 million in the prior-year period.

Despite these financial challenges, Starz's OTT service did manage to add 110,000 subscribers in the third quarter, bringing its total customer base to 12.29 million. However, this growth came after the company had shed 120,000 subscribers in the second quarter of 2025. Overall, Starz ended the latest financial period with 19.2 million total subscribers, up slightly from 19.08 million in the prior second quarter, due to the OTT subscriber gains.

Starz's president and CEO, Jeffrey Hirsch, remained optimistic, stating that the company had a "great quarter both operationally and financially" and expected to "continue our momentum to close out 2025." He highlighted Starz's plans to generate new revenue through content licensing and gain more ownership of series on the network at improved economics.