AMC Networks (NASDAQ: AMCX) reported Q2 EPS of $1.23, $0.33 better than the analyst estimate of $0.90. Revenue for the quarter came in at $601 million versus the consensus estimate of $592.97 million.

"AMC Networks had a strong second quarter, with double digit growth in revenues, AOCF and operating income driven by our continued focus on investing in high-quality programming,” said Josh Sapan, President and Chief Executive Officer of AMC Networks. "In addition to maintaining our core content strategy, we have become more of an owner of content; we have closely aligned ourselves with a premier producer of content through our BBC AMERICA joint venture; and we have expanded our global distribution footprint to include 140 countries and territories. This strategic approach has enabled us to diversify our sources of revenue and has set us up well for an increasingly digital future, one in which consumers exercise more choice and control over every minute of television they watch. We believe this strategy will continue to allow us to create value for our shareholders in the near, mid and long term."

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