Starz Entertainment Rises After First Standalone Financial Report

Dow Jones

05/31

By Katherine Hamilton

Shares of Starz Entertainment gained after it said it is still on track to hit a previous financial goal after separating from media conglomerate Lionsgate Studios.

The stock rose 20%, to $19.85, on Friday, at one point hitting an all-time high of $20.50. Starz began trading publicly in early May after it completed its separation from Lionsgate.

The Santa Monica, Calif., company, which focuses on subscription-based media, said Thursday it still expects to record $200 million in operating income before depreciation and amortization in calendar year 2025.

"The company remains confident in its financial trajectory," it said.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

May 30, 2025 15:37 ET (19:37 GMT)

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