AMC Networks (AMCX) Tops Q1 EPS by 46c

AMC Networks (NASDAQ: AMCX) reported Q1 EPS of $2.65, $0.46 better than the analyst estimate of $2.19. Revenue for the quarter came in at $741 million versus the consensus estimate of $720.51 million.

“AMC Networks delivered strong performance in the first quarter of 2018 with record total company revenues and earnings per share. We have grown total distribution of our networks, reflecting the strength of our well-priced, well-defined brands; the quality of our programming and its popularity with viewers; and the value we create for both traditional and emerging distribution platforms. AMC Networks has the lowest priced offering of any independent programmer and is the most widely available independent programmer among virtual MVPDs, an indicator of our strong position as these emerging platforms continue to grow,” said Josh Sapan, President and CEO of AMC Networks. “Our content continues to break through in a cluttered environment, with recent series including BBC AMERICA’s Killing Eve, IFC’s Brockmire, and AMC’s Fear the Walking Dead and The Terror drawing wide critical acclaim and strong viewership, and our streaming services, Sundance Now and Shudder, continue to gain traction with consumers. As we focus on delivering shareholder value in the near and long-term, we remain disciplined in our approach to content investments and managing costs while increasingly diversifying our revenue mix through content sales, franchise monetization and new distribution platforms.”

For earnings history and earnings-related data on AMC Networks (AMCX) click here.

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