Markets

AMC Networks (AMCX) Beats Q3 Earnings and Revenues

AMC Networks Inc.AMCX is engaged in producing programming and movie content. It owns and operates various cable televisions. Its programming networks include AMC, IFC, Sundance Channel, WE tv, and IFC films.

Riding on the success of its popular TV series 'Breaking Bad' and 'Mad Men', AMC Networks has established itself as one of the fastest growing media companies in recent times. 'Fear the Walking Dead', its spin-off show from the popular 'The Walking Dead' series, recently broke all viewership records, making for a huge commercial success at the company.

AMC Networks' strength lies in programs with original content for which it has ownership rights. The company's original series, 'Humans', is doing well in terms of ratings and reviews, thus raising hopes for higher advertisement revenues.

However, with the rise of over-the-top (OTT) Internet TV services from Netflix Inc. NFLX and Hulu, competition in bidding for high quality TV programs has become fiercer. The TV business is already facing threats from OTT service providers and the recent trend of the bulk of ad revenues skewed toward Internet TV is a worrying sign for the industry, with AMC Networks being no exception.

AMC Networks currently carries a Zacks Rank #1 (Strong Buy). The company has generated a positive average earnings surprise of 15.67% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: AMC Networks reported better than expected Q3 earnings estimate. Our consensus earnings estimate called 87 cents per share and the company posted adjusted earnings of $1.09 per share. Investors should note that these figures take out stock option expenses.

Revenue: AMC Networks Cinemark reported total revenue of $632.2 million which surpassed our estimate by over $36 million.

Key States to Note: As of Sep 30, 2015, in the U.S., AMC Networks had 93.8 million AMC subscribers, 86.5 million WE tv subscribers, 77.1 million BBC AMERICA subscribers, 71.7 million IFC subscribers and 60.1 million Sundance TV subscribers.

Check back later for our full write up on this AMC Networks earnings report later!

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

AMC NETWORKS- A (AMCX): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

AMCX

Other Topics

Earnings Investing Stocks

Latest Markets Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More