The media and entertainment company reported consolidated revenue of $402.6 million, while Wall Street was looking for revenue of $421.2 million.
The Englewood, CO-based company also posted earnings of 54 cents per diluted share, matching analysts' estimates.
In the second quarter, subscribers reached a new record high of 24.2 million.
Last month, Lions Gate (LGF), the studio behind the "Hunger Games" franchise, said it would acquire Starz for $4.4 billion. The deal is expected to close by the end of the year.
"We were excited to announce the planned merger with Lions Gate, which will enable the combined company to capitalize on content opportunities across multiple platforms," CEO Chris Albrecht said in a statement.
"As we move forward, we are confident in the prospects for Starz and believe that we can be even stronger in combination with Lions Gate," he added.
Shares of Starz closed down 1.32% to $29.96 on Thursday.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "hold" with a ratings score of C+.
The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and notable return on equity. However, TheStreet Ratings also finds weaknesses including deteriorating net income, generally higher debt management risk and a generally disappointing performance in the stock itself.
You can view the full analysis from the report here: STRZA