Market Overview

AMC Networks: Q3 Earnings Insights

Share:

 

Shares of AMC Networks (NASDAQ:AMCX) were unchanged after the company reported Q3 results.

Quarterly Results

Earnings per share were down 43.35% year over year to $1.32, which beat the estimate of $1.28.

Revenue of $654,015,000 decreased by 8.99% year over year, which beat the estimate of $606,040,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

AMC Networks hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Nov 02, 2020

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/oudxk6j3

Price Action

52-week high: $45.98

52-week low: $19.62

Price action over last quarter: down 6.35%

Company Overview

AMC Networks owns several cable networks, including flagship AMC, WE tv, BBC America, IFC, and SundanceTV. AMC, the most widely distributed channel, reaches more than 89 million pay-TV households in the U.S. Over the last decade, AMC shifted its focus to original scripted programming from classic movies. WE tv targets a female audience and reaches roughly 85 million households. IFC mainly shows independent films and alternative comedy series. The company acquired its newest channel, BBC America, in October 2014.

 

Related Articles (AMCX)

View Comments and Join the Discussion!

Posted-In: Earnings News