Starz Earnings Top Estimates, Subscribers Numbers Reach New Highs

Premium TV company Starz reported Q4 earnings on Wednesday that beat Wall Street estimates. The cable channel operator announced revenue of $425.6 million and profits of $0.74 per share for the quarter. Subscriptions to Starz rose to a new high of 23.3 million. The company is working to diversify its content from primarily movie based programming into more original content. Lionsgate recently took a stake in the Colorado based company and Starz shares are up over 6 percent since the start of the year. Since beginning of trading back in 2013, Starz has re purchased around 19 percent of it outstanding shares.