AMC Networks Q1 revenue falls 17%; free cash flow improves to $144M

AMC Global Media Inc.

2024-Q1 EPS reported $1.03 revenue$596,461,000

Net revenue $596M, down 17% YoY; excluding Silo and 25/7 Media, down 6%.
Operating income $110M (-36%); Adjusted Operating Income $149M (-31%); margin 25%.
Diluted EPS $1.03, Adjusted EPS $1.16, both down ~56% from prior year.
Free cash flow $144M vs -$144M YoY; streaming revenue up 3% to $145M.
Reduced gross debt >$500M since Q3 2023; secured multi-year Verizon carriage renewal.

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 0.95

AMC Global Media Inc. reported the first quarter ended March 31, 2024 results: revenue $596 million, EPS $1.03.

Period: the first quarter ended March 31, 2024
Revenue: $596 million
EPS: $1.03
Result: reported results

Exact text from the filing

of $151 million; Free Cash Flow (1) of $144 million. • Operating income of $110 million; Adjusted Operating Income (1) of $149 million, with a margin of 25%. • Net revenues of $596 million decreased 17% from the prior year. Excluding nonrecurring revenues related to Silo and 25/7 Media, net revenues decreased 6%. ◦ Streaming revenues of $145 million increased 3%

View on SEC.gov

1341 earnings releases filed in the last 30 days. Browse all earnings releases →

AMC Global Media Inc. filing history →

Source: SEC EDGAR

accession 0001514991-24-000016

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.