film Netflix reports

AMC Networks Posts Softer Q1 Revenue On Advertising And Licensing Slide, But Profit Beats Wall Street Forecasts

Reading now: 392

AMC Networks reported a 6% downturn in revenue during the first quarter due to a slump in advertising and content licensing, but earnings per share beat Wall Street forecasts.Total revenue of $691.7 million fell from $734.4 million in the year-earlier period, missing analysts’ consensus estimate of $722.3 million.Earnings per share, though, topped the Street at $2.02, or $2.98 on an adjusted basis.

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News