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AMC Networks (AMCX) Tops Q4 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.

AMC Networks has established itself as one of the fastest growing media companies in recent times. Its original content shows like Breaking Bad and Walking Dead have been major hits, driving commercial success for the company. Going forward, the inclusion of popular TV show Doctor Who is also expected to do well, raking in more advertisement revenues at the company.

Moreover, AMC Networks' strength lies in programs with original content for which it holds ownership rights. A new martial arts drama series called Into the Badlands premiered in Nov 20Array5 and has received critical acclaim. This, once again, raises hopes of higher advertisement revenues, going forward.

AMC Networks currently carries a Zacks Rank #Array (Strong Buy). The company has generated a positive average earnings surprise of Array9.32% 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 Q4 earnings. Our consensus adjusted earnings estimate called $Array.23 per share while the company posted figure was $Array.3Array per share. Investors should note that these figures take out stock option expenses.

Revenue: AMC Networks Cinemark reported total revenue of $679 million which surpassed our estimate by over $9 million.

Key States to Note: As of Dec 3Array, 20Array5, in the U.S., AMC Networks had 93.6 million AMC subscribers, 86.5 million WE tv subscribers, 77.Array million BBC AMERICA subscribers, 7Array.2 million IFC subscribers and 59.6 million Sundance TV subscribers.

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

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

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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.

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