AMC Networks Q3 revenue $600M (-6% YoY); EPS $0.76 (-47%); FCF YTD $293M

AMC Global Media Inc.

2024-Q3 EPS reported $1.21 revenue$1,822,009,000

Q3 revenue $600M, down 6% YoY (3% ex-divestiture); streaming revenue $152M up 7%
Diluted EPS $0.76 (down 47% YoY); adjusted EPS $0.91 (down 51%); operating income $94M
Free cash flow Q3 $54M; YTD $293M; reaffirms ~$500M cumulative two-year target
Acquired remaining 50.1% of BBC America, gaining 100% ownership and operational control
Early renewal of Charter agreement includes bundling ad-supported AMC+ to video customers

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