AMC Networks' Q3 Streaming Business Provides Bright Spot On Otherwise Muted Q3 Growth, Stock Soars
AMC Networks' Q3 Streaming Business Provides Bright Spot On Otherwise Muted Q3 Growth, Stock Soars
AMC Networks Inc (NASDAQ:AMCX) reported a third-quarter FY23 revenue decline of 6.6% Y/Y to $636.95 million, missing the consensus of $657.80 million.
AMC 網絡公司 納斯達克股票代碼：AMCX）報告稱，2023財年第三季度收入同比下降6.6％，至6.3695億美元，未達到共識的6.5780億美元。
Meanwhile, U.S. ad sales were down 18% at $147 million, blaming "anticipated linear ratings declines, a challenging ad market and fewer original programming episodes within the quarter."
同時，美國的廣告銷售額下降了18％，至1.47億美元，這歸咎於 “預期的收視率線性下降，廣告市場充滿挑戰以及本季度原創節目劇集的減少”。
Affiliate revenue decreased 13% due to basic subscriber declines, including the 3% revenue impact of a strategic non-renewal that occurred at the end of 2022.
由於基本訂戶減少，加盟收入下降了13％，其中包括2022年底戰略性不續訂對收入的3％影響。
Despite these setbacks, AMC Networks reported that streaming subscribers increased 4% to 11.1 million as compared to 10.7 million subscribers in the prior year period. As compared to 2Q'23 subscribers of 11.0 million, Q3 subscribers sequentially increased 1%.
儘管遇到了這些挫折，但AMC Networks報告稱，流媒體用戶增長了4％，達到1110萬，而去年同期爲1,070萬訂閱者。與23年第二季度的1100萬用戶相比，第三季度的用戶連續增長了1％。
Streaming revenues of $142 million increased 9%, primarily driven by year-over-year streaming subscriber growth.
1.42億美元的流媒體收入增長了9％，這主要是受流媒體訂戶同比增長的推動。
Adjusted EPS of $1.85 fell 11.9% YY, beating the consensus of $1.28. Operating income decreased 20% from the previous Q3 to $120.85 million, with free cash flow at $99.2 million.
調整後的每股收益爲1.85美元，同比下降11.9％，超過了共識的1.28美元。營業收入較上一季度下降20％，至1.2085億美元，自由現金流爲9,920萬美元。
Citing the company's earning conference call, the Hollywood Reporter noted that the management lowered its full-year 2023 revenue target from $2.8 billion to $2.7 billion. CFO Patrick O'Connell said this "reflects softness we are seeing in content licensing revenues, as well as the continuation of a difficult advertising environment." But he highlighted that AMC Networks was sticking to its full-year bottom-line forecast.
《好萊塢記者》援引該公司的業績電話會議指出，管理層將其2023年全年收入目標從28億美元下調至27億美元。首席財務官帕特里克·奧康奈爾表示，這 “反映了我們在內容許可收入方面看到的疲軟，也反映了艱難的廣告環境的持續。”但他強調，AMC Networks堅持其全年底線預測。
"Despite these headwinds, we are reiterating our 2023 adjusted operating income outlook and expect to be in the range of $650 million-$675 million, reflecting continued and better than previously anticipated cost discipline," the report added, citing O-Connell.
報告援引O-Connell的話補充說：“儘管存在這些不利因素，但我們重申了2023年調整後的營業收入展望，預計將在6.5億美元至6.75億美元之間，這反映了持續且好於先前預期的成本紀律。”
Price Action: AMC shares are up 17.60% at $15.50 on the last check Friday.
價格走勢： 在週五的最後一張支票上，AMC股價上漲17.60％，至15.50美元。
譯文內容由第三人軟體翻譯。