Spotify Tops Q3 Forecasts, Reaches 252 Million Premium Subscribers as Revenue Climbs 19% [Yahoo! Finance]
AMC Networks Inc. - Class A (AMCX)
Last amc networks inc. - class a earnings: 2/26 07:00 am
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Source: Yahoo! Finance
The audio streaming giant met or exceeded its previous Q3 forecasts on financial and subscriber metrics. For the quarter, the company reported €4.0 billion in revenue, up 19%, and record net income of €300 million, up more than fourfold from €65 million a year earlier. Operating income came in at a record €454 million, with gross margin of 31.1% versus 26.4% in the year-earlier period. More from Variety Tencent Music Enjoys Streaming Growth as Social Side Continues Slide AMC Networks' U.S. Ad Sales Fall 10% in Q3, as Streaming Subscribers Tick Up by 200,000 to Reach 11.8 Million Paramount Global Adds 3.5 Million Streaming Subscribers in Q3 Bruised by TV, Movie Declines Spotify gained 14 million total monthly active users (free and paid) to stand at 640 million at the end of Q3. Premium subs stood at 252 million. Shares of Spotify rose more than 7% in after-hours trading on the Q3 earnings announcement. “We've never been in a stronger position, thanks to the outstanding
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News
- AMC Networks Inc. (NASDAQ: AMCX) had its price target lowered by analysts at Morgan Stanley from $10.00 to $9.00. They now have an "underweight" rating on the stock.MarketBeat
- Tencent Music Enjoys Streaming Growth as Social Side Continues Slide [Yahoo! Finance]Yahoo! Finance
- AMC Networks Inc. (NASDAQ: AMCX) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- AMC Networks Inc. (NASDAQ: AMCX) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- More from CNN [CNN]CNN
AMCX
Earnings
- 11/8/24 - Beat
AMCX
Sec Filings
- 11/13/24 - Form SCHEDULE
- 11/8/24 - Form SC
- 11/8/24 - Form 10-Q
- AMCX's page on the SEC website