AMC Networks Q1 net revenue $717M, up 1% YoY; adj op income $216M (+2%); streaming subs 11.5M, up 22%

AMC Global Media Inc.

2023-Q1 EPS reported $2.36 revenue$717,447,000

Net revenues $717M (+1% YoY); operating income $173M (-1%); adjusted operating income $216M (+2%) with 30% margin.
Diluted EPS $2.36; adjusted EPS $2.62 (+3.1% from $2.54 in prior year).
Streaming subscribers grew 22% YoY to 11.5M; ad-supported AMC+ tier planned for later in 2023.
Free cash flow -$144M vs -$35M in Q1 2022, reflecting timing of working capital and investments.

item 2.02 item 9.01 item 99.1

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMC Global Media Inc. reported first quarter ended March 31, 2023 results: revenue $717 million, EPS $2.36.

Period: first quarter ended March 31, 2023
Revenue: $717 million
EPS: $2.36
Result: reported results

Exact text from the filing

– True Crime Story: Citizen Detective and Crimes of Entitlement . Financial Highlights – First Quarter Ended March 31, 2023: • Net revenues increased 1% from the prior year to $717 million, largely driven by increased distribution and other revenues partly offset by lower advertising revenues. • Operating income decreased 1% from the prior year to $173 million;

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Source: SEC EDGAR

accession 0001514991-23-000020

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