Pro
Available to WrapPRO members
The company reported adjusted earnings per share of $1.85 and added 100,000 streaming subscribers
November 3, 2023 @ 4:24 AM
AMC Networks missed Wall Street expectations for revenue during its third quarter of fiscal year 2023, citing lower domestic advertising revenues and affiliate revenue as a reason for the 7% drop year over year. That fall was partly offset by streaming revenue growth.
During its third quarter, AMC reported net income of $67.9 million, which included non-controlling interests, or diluted earnings of $1.44 per share. Revenue fell 7% year over year to $636.95 million, the company announced Friday.
Adjusted earnings per share were reported as $1.85,
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : TheWrap – https://www.thewrap.com/amc-networks-q3-earnings-2023/