earnings
confidence high
sentiment positive
materiality 0.80
AMC Global Media Q2 revenue down 9% to $547M; inks $500M Netflix Walking Dead deal
AMC Global Media Inc.
- Net revenue $547M, down 9% YoY; operating income $16M, down 75%; diluted EPS $(0.51).
- Adjusted operating income $46M, down 58%; adjusted EPS $(0.28).
- Net cash from operations $57M; free cash flow $43M, down 55% YoY.
- Signed $500M global co-exclusive licensing deal with Netflix for The Walking Dead Universe (371 episodes) over 5 years.
- Renewed distribution agreements with Comcast and YouTube; full-year guidance increased.