secwatch.observer — SEC 8-K summary
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Issuer:     AMC Global Media Inc. (AMCX)
CIK:        0001514991
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001514991-24-000016
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1514991/000151499124000016/0001514991-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1514991/000151499124000016/amcx-20240510.htm
  HTML page:      https://secwatch.observer/filing/0001514991-24-000016

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