AMC Networks: Q3 Earnings Insights

Shares of AMC Networks 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.