AMC Networks (AMCX) Tops Q4 EPS by 19c; Miss on Revenues
Note: EPS may not be comparable
AMC Networks (NASDAQ: AMCX) reported Q4 EPS of $1.68, $0.19 better than the analyst estimate of $1.49. Revenue for the quarter came in at $727 million versus the consensus estimate of $730.78 million.
- Full year net revenues increased 1.8% to a record $2.8 billion
- National Networks delivered record distribution revenue of $1.4 billion, an increase of 6.6% led by 3%, or 11 million, increase in total subscribers1 and continued expansion of AMC Studios production capabilities
- Full year operating income increased 9.9% to a record $722 million; Full year Adjusted Operating Income2 increased 3.0% to a record $905 million
- Full year diluted EPS increased 92.0% to a record $7.18; Full year Adjusted EPS2 increased 28.7% to a record $7.37
- Company delivered another year of strong free cash flow generation -- Cash provided by operating activities of $386 million; Free Cash Flow2 of $287 million
- Over the past 3 years, the Company has generated $1.3 billion in cumulative cash provided by operating activities and $1.0 billion in cumulative Free Cash Flow; Free Cash Flow profile expected to significantly benefit from recently announced changes in tax law
For earnings history and earnings-related data on AMC Networks (AMCX) click here.
