AMC Networks Q2 net loss $0.66/diluted share; revenue down 8% to $626M; adjusted EPS $1.24

AMC Global Media Inc.

2024-Q2 EPS reported $0.37 revenue$1,222,395,000

Diluted EPS loss of $0.66 (GAAP); adjusted EPS $1.24; operating income $11M includes $97M impairment.
Revenue $626M down 8% YoY; net revenues ex-items down 4%; streaming revenue up 9% to $150M.
Free cash flow $95M; net cash from ops $104M; full-year FCF guidance reaffirmed.
Struck branded content licensing deal with Netflix for 15 AMC shows; new Sky partnership for The Walking Dead Universe in UK.

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