AMC Networks Q3 Earnings: Streaming Subscriber Growth Shines Amid Ad Revenue Dip Bolstered By Netflix, Amazon Partnerships

AMC Networks Inc (NASDAQ: AMCX) reported a fiscal third-quarter 2024 revenue decline of 5.9% year over year to $599.6 million, beating the analyst consensus estimate of $587.6 million.

The American entertainment company's adjusted EPS of 91 cents fell 50.8% yearly, beating the analyst consensus estimate of 62 cents. 

Domestic Operations: Affiliate revenue decreased 13% to $164 million due to basic subscriber declines.

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• Advertising revenues decreased 10% Y/Y to $133 million due to anticipated linear ratings declines and a challenging ad market. 
• Content licensing revenues increased 31% ...

Full story available on Benzinga.com