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Stock impact report

Q3 Earnings Review: Broadcasting Stocks Led by AMC Networks (NASDAQ:AMCX) [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
Broadcasting companies have been facing secular headwinds in the form of consumers abandoning traditional television and radio in favor of streaming services. As a result, many broadcasting companies have evolved by forming distribution agreements with major streaming platforms so they can get in on part of the action, but will these subscription revenues be as high quality and high margin as their legacy revenues? Only time will tell which of these broadcasters will survive the sea changes of technological advancement and fragmenting consumer attention. The 9 broadcasting stocks we track reported a satisfactory Q3. As a group, revenues beat analysts' consensus estimates by 0.8% while next quarter's revenue guidance was 10.1% below. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 5.9% since the latest earnings results. Originally the joint-venture of four cable television companies, AMC Networks (NASDAQ:AMCX) is a broadcaster Show less Read more
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