AMC Networks Q3 Earnings: Streaming Subscriber Growth Shines Amid Ad Revenue Dip Bolstered By Netflix, Amazon Partnerships
AMC Networks Q3 Earnings: Streaming Subscriber Growth Shines Amid Ad Revenue Dip Bolstered By Netflix, Amazon Partnerships
AMC Networks Inc (NASDAQ: AMCX) reported a fiscal third-quarter 2024 revenue decline of 5.9% year over year to $599.6 million, beating the analyst consensus estimate of $587.6 million.
amc網絡股份有限公司（納斯達克：AMCX）報告稱，2024財年第三季度營業收入同比下降5.9％，至59960萬美元，超過分析師一致預期的58760萬美元。
The American entertainment company's adjusted EPS of 91 cents fell 50.8% yearly, beating the analyst consensus estimate of 62 cents.
這家美國娛樂公司經調整後的每股收益爲91美分，同比下降50.8％，超過分析師一致預期的62美分。
Domestic Operations: Affiliate revenue decreased 13% to $164 million due to basic subscriber declines.
國內業務：由於基礎訂閱用戶下降，附屬收入下降13％至16400萬美元。
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- Advertising revenues decreased 10% Y/Y to $133 million due to anticipated linear ratings declines and a challenging ad market.
- Content licensing revenues increased 31% to $81 million due to the availability of deliveries.
- Despite these setbacks, AMC Networks reported that streaming subscribers increased by 5% to 11.8 million compared to 11.1 million subscribers as of Sept. 30, 2023.
- Streaming revenues of $152 million increased by 7%, primarily driven by year-over-year streaming subscriber growth and price increases.
- The consolidated adjusted operating income decreased 19% to $150 million, with free cash flow at $53.94 million.
- 由於預期的線性評級下降和市場廣告競爭激烈，廣告收入同比下降10％至13300萬美元。
- 由於交付內容增加，內容許可收入增長31％至8100萬美元。
- 儘管遇到這些挫折，amc網絡報告稱，與2023年9月30日的1110萬訂閱用戶相比，流媒體訂閱用戶增加了5％，達到1180萬。
- 流媒體營收爲15200萬美元，增長7％，主要受到年度流媒體訂閱用戶增長和價格上漲的推動。
- 調整後的合併營業收入下降19％至15000萬美元，自由現金流達到5394萬美元。
CEO Kristin Dolan emphasized the company's focus on critical strategic pillars: programming, partnerships, and profitability.
達蘭首席執行官Kristin Dolan強調公司專注於關鍵的戰略支柱：節目、合作伙伴關係和盈利能力。
Dolan noted significant progress in all three areas during the quarter.
達蘭指出公司在本季度在這三個領域取得了顯著進展。
Year-to-date, the company has generated $293 million in free cash flow, moving steadily toward its goal of around $500 million in cumulative free cash over two years.
截至目前，該公司已經在自由現金流方面產生了29300萬美元，穩步邁向在兩年內累計自由現金約50000萬美元的目標。
Dolan also highlighted new and expanded partnerships with significant players like Charter Communications, Inc (NASDAQ:CHTR), Netflix Inc (NASDAQ:NFLX), and Amazon.Com Inc (NASDAQ:AMZN), which are helping drive the company forward while delivering unique, high-quality programming across a growing range of platforms.
達蘭還強調了與特許通訊公司、Netflix公司和亞馬遜公司等重要參與者建立的新夥伴關係以及擴大夥伴關係，這些夥伴關係正在推動公司向前發展，同時在日益增長的平台範圍內提供獨特且高質量的節目。
Price Action: AMC Networks stock is up 4.79% to $8.75 premarket at the last check on Friday. It plunged close to 57% year-to-date as the company's adjusted EPS missed the consensus in the last 3 quarters.
股價表現：AMC網絡的股價在上週五最後一次交易時段預開盤上漲4.79％，至8.75美元。 截至目前，該公司的股價年初至今下跌近57％，因公司的調整後每股收益在過去3個季度未達到共識水平。
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譯文內容由第三人軟體翻譯。
