AMC Networks Q2 revenue down 8% to $679M; free cash flow jumps 381% to $148M

AMC Global Media Inc.

2023-Q2 EPS reported $3.97 revenue$1,396,075,000

Net revenues $679M (-8% YoY); operating income $106M (-31%); adjusted operating income $177M (-10%).
Diluted EPS $1.60, adjusted EPS $2.02; free cash flow $148M vs $30.7M in prior year.
Streaming revenue grew 13% YoY; AMC+ saw #1 season premiere with The Walking Dead: Dead City (2M viewers).
Company returned early rights for Fear the Walking Dead, Killing Eve; launched AMC+ on Charter Spectrum TV.

item 2.02 item 9.01 item 99.1

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AMC Global Media Inc. reported the quarter ended June 30, 2023 results: revenue $679 million, EPS $1.60.

Period: the quarter ended June 30, 2023
Revenue: $679 million
EPS: $1.60
Result: reported results

Exact text from the filing

Net revenues decreased 8% from the prior year to $679 million

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AMC Global Media Inc. filing history →

Source: SEC EDGAR

accession 0001514991-23-000031

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