AMC Networks posted first-quarter earnings well ahead of Wall Street estimates, boosting shares in pre-market trading. The parent company of cable networks AMC and IFC and streaming services AcornT…
posted first-quarter earnings well ahead of Wall Street estimates, boosting shares in pre-market trading.
Domestic revenue climbed 1% to $612 million, paced by distribution and other categories. Advertising revenues dropped 20% to $161 million, with the company blaming “anticipated linear ratings declines, softness in the advertising market and fewer original programming episodes” during the quarter.
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