AMC Networks Q4 revenue down 29.6% YoY; operating loss improves to $11.4M; adjusted EPS $0.72

AMC Global Media Inc.

2023-FY EPS reported $4.90 revenue$2,711,877,000

Q4 net revenue $678.8M, down 29.6% YoY; operating loss $11.4M vs $391.6M loss prior year.
Full year revenue $2.71B, down 12.4%; operating income $388.4M vs $86.9M; adjusted EPS $7.20 down 21.8%.
Q4 adjusted EPS $0.72, down 71.4% YoY; free cash flow full year $168.7M, up 22.6%.
AOI margin expanded to 25%; streaming revenue growth and subscriber base strengthened.
Affiliate renewals with Charter, Dish/Sling; AMC+ ad-supported tier launched; 17 FAST channels.

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 0.8

AMC Global Media Inc. reported financial results for the quarter and year ended December 31, 2023.

Period: the quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 9, 2024 , AMC Networks Inc. (the “Registrant”) issued a press release announcing its financial results for the quarter and year ended December 31, 2023.

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Source: SEC EDGAR

accession 0001514991-24-000004

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