AMC Networks stock sinks 15% as investments drag down Q2 income [Seeking Alpha]
AMC Networks Inc. - Class A (AMCX)
Last amc networks inc. - class a earnings: 2/26 07:00 am
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Source: Seeking Alpha
AMC Networks stock sinks 15% as investments drag down Q2 incomeAug. 05, 2022 11:53 AM ETAMC Networks Inc. (AMCX)By:Preeti SinghSA News EditorMaximusndAMC Networks (NASDAQ:~15%weaker than expected second quarter resultsAlthough streaming subscribers grew 46% to 10.8M, adj. operating income slipped 22% Y/Y to $196M, mainly due to the timing of increased investments in content andmarketing to drive subscriber and streaming revenue growth. AMC () added that it is on track to achieve long-term goal of 20M-25M streaming subscribers by 2025.The New York-based entertainment firm generated net revenues of $738M that fell 4%, with normalized streaming revenues up 36%. Domestic operations net revenue slipped 2.8% Y/Y to $621.1M, while International & Other net revenue came at $125.8M, -9% Y/Y.It reiterated full year 2022 financial outlook of low-single-digit revenue growth. Adj. operating income is guided be ~10% lower than 2021 due to increased strategic content, marketing and technology invest
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AMCX
News
- AMC Networks to Report First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- AMC Networks to Report First Quarter 2024 ResultsGlobeNewswire
- Ateliere Expands World-Class Leadership Team with the Appointment of Zeenal Thakare [Yahoo! Finance]Yahoo! Finance
- MEDIAGENIX Plans U.S. Expansion with Deal for a Media Program Management Solution [Yahoo! Finance]Yahoo! Finance
- AMC Networks To Add Cheaper, Ad-Supported Subscription Tiers Across Its Full Streaming Portfolio [Yahoo! Finance]Yahoo! Finance
AMCX
Earnings
- 2/9/24 - Beat
AMCX
Sec Filings
- 4/10/24 - Form 8-K
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- AMCX's page on the SEC website