AMCX - AMC Networks Non-GAAP EPS of $2.62 beats by $0.79 revenue of $717.45M beats by $16.68M
2023-05-09 07:12:18 ET
- AMC Networks press release ( NASDAQ: AMCX ): Q1 Non-GAAP EPS of $2.62 beats by $0.79 .
- Revenue of $717.45M (+0.7% Y/Y) beats by $16.68M .
- Adjusted Operating Income increased 2% to $216 million, representing a margin of 30%. Adjusted Operating Income benefited from significant cost reduction measures including lower levels of marketing and subscriber acquisition investment.
- Streaming subscribers grew 22% from the prior year to 11.5 million subscribers as of March 31, 2023.
- Shares +1.31% PM.
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AMC Networks Non-GAAP EPS of $2.62 beats by $0.79, revenue of $717.45M beats by $16.68M