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0.0156424581005585 0.0167597765363127 -0.00223463687150853 -0.0307262569832403 -0.0134078212290504 -0.0346368715083799 -0.0346368715083799 -0.0335195530726258
Stock impact report

AMC Networks' Profit Drops 35% Due to Challenging Ad Market and Decrease in Affiliate Business. [Yahoo! Finance]

AMC Networks Inc. - Class A (AMCX) 
Last amc networks inc. - class a earnings: 2/26 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Though the network saw gains in streaming and content licensing, a “challenging” advertising market and dropping affiliate revenues led to the results. Revenue came in at $599.6 million, a 5.9% year-over-year decrease. Both the operating income and the adjusted operating income — values the company uses to measure its success — were down year over year. Operating income came in at $93.7 million, a 22% decrease compared to the third quarter in 2023. As for adjusted operating income, that came in at $131.5 million, a 25% decrease compared to this time last year. Here are the top-line results: Revenue: $599.6 million, down 5.9% year over, compared to an estimated $597.9 million expected by analysts surveyed by Zacks Investment Research. Earnings per share: A loss of 76 cents per share. Adjusted for certain items, EPS came in at a 91 cents, compared to an estimated $0.88 per share expected by analysts surveyed by Zacks Investment Research. Subscribers: Streaming subscribers incr Show less Read more
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