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Earnings Call Summary | AMC Networks(AMCX.US) Q3 2024 Earnings Conference

Earnings Call Summary | AMC Networks(AMCX.US) Q3 2024 Earnings Conference

業績會重點 | AMC網絡(AMCX.US) 2024年第三季度業績會
富途資訊 ·  2024/12/30 19:59  · 電話會議

The following is a summary of the AMC Networks Inc. (AMCX) Q3 2024 Earnings Call Transcript:

以下是AMC網絡公司(AMCX)2024年第三季度業績發佈會文字記錄的摘要:

Financial Performance:

財務表現:

  • Year-to-date free cash flow stands at $293 million; on track for $0.5 billion over two years.

  • Q3 consolidated revenue totaled $600 million, a 3% decrease YoY excluding prior impacts.

  • 截至目前,自由現金流爲29300萬美元;預計在兩年內達到5億美元。

  • 第三季度綜合營業收入總計爲60000萬美元,同比下降3%,不包括之前的影響。

Business Progress:

業務進展:

  • Secured major affiliate agreements, including an early renewal with Charter.

  • Record AMC+ viewership for series like 'The Walking Dead: The Ones Who Live'.

  • 與多個重要的合作伙伴達成了主要的合作協議,包括與Charter的提前續約。

  • AMC+的觀看人數創下新高,系列劇如《行屍走肉:活着的那些人》受到了極大的關注。

Opportunity:

機會:

  • Partnerships with streaming platforms like Netflix enhance viewer engagement and increase AMC+ acquisitions.

  • Return of 'The Walking Dead' rights presents monetization opportunities.

  • 與奈飛等流媒體平台的合作增強了觀衆參與度並增加了AMC+的新增用戶。

  • 《行屍走肉》版權的回歸帶來了貨幣化的機會。

Risk:

風險:

  • Declining linear subscribers impacting subscription revenues highlight challenges in cable TV viewership.

  • Dependence on third-party platforms like Netflix for content performance poses risks.

  • 線性訂閱用戶數的下降影響了訂閱業務的營業收入,突顯了有線電視觀看的挑戰。

  • 依賴奈飛等第三方平台的內容表現存在風險。

Financial Performance:

財務表現:

  • AMC Networks reported a year-to-date free cash flow of $293 million, and they are on track to achieve approximately $0.5 billion in cumulative free cash flow over two years.

  • Consolidated revenue for Q3 was $600 million, reflecting a slight decrease of 3% year-over-year when excluding the impact from 25/7 Media from the previous period.

  • Subscription revenue decreased by 5% due to linear subscriber declines, but this was partially offset by a 7% increase in streaming revenue.

  • Domestic Operations content licensing revenue increased by 31% to $81 million, largely driven by the timing and availability of content deliveries related to strategic distribution, including the AMC Collection on Netflix.

  • Advertising revenue declined by 10%, impacted mostly by lower linear ratings, although digital growth provided some offset.

  • Adjusted Operating Income (AOI) was $131 million, a 22% margin, while free cash flow for the quarter was $54 million.

  • AMC網絡報告的今年迄今的自由現金流爲$29300萬,他們有望在兩年內實現大約$5億的累計自由現金流。

  • 第三區的綜合營業收入爲$60000萬,排除上一個週期中25/7媒體的影響後,同比略微下降了3%。

  • 由於線性訂閱用戶數的下降,訂閱營業收入下降了5%,但這部分被流媒體營業收入的7%增長部分抵消。

  • 國內業務內容許可營業收入增加了31%,達8100萬,主要得益於與戰略分銷相關的內容交付時機和可用性,包括奈飛上的AMC系列。

  • 廣告營業收入下降了10%,主要受較低線性收視率的影響,儘管數字增長提供了一些補償。

  • 調整後的營業收入(AOI)爲13100萬,利潤率爲22%,而本季度的自由現金流爲5400萬。

Business Progress:

業務進展:

  • AMC Networks has emphasized programming, partnerships, and profitability as three key strategic pillars, with notable advancements made across all areas.

  • The company secured several major affiliate agreements, including an early renewal with Charter, integrating their streaming services into linear network offerings.

  • Engagement with programming on AMC Networks' platforms has continued to grow, with record viewership numbers on AMC+ for series like 'The Walking Dead: The Ones Who Live' and 'Anne Rice's Interview with the Vampire Season 2'.

  • The company has also expanded its presence in the FAST channels, now with 18 channels live on 12 different platforms featuring 130 active channel feeds.

  • AMC網絡強調了節目、夥伴關係和盈利能力作爲三個關鍵戰略支柱,在所有板塊都有顯著的進展。

  • 公司獲得了多個主要的附屬協議,包括與Charter的提前續約,整合他們的流媒體服務到線性網絡提供中。

  • 與AMC網絡平台上的節目的互動持續增長,在AMC+上如《行屍走肉:活着的人》和《安妮·賴斯的吸血鬼訪談》第2季等系列節目創下了收視記錄。

  • 公司還擴大了在FASt頻道的影響力,目前在12個平台上有18個頻道直播,並提供130個活躍的頻道源。

Opportunities:

機會:

  • The partnerships with major streaming platforms, including the curated AMC Collection on Netflix, have significantly increased viewer engagement and have started to reflect in increased acquisitions on AMC+.

  • The imminent return of the original 'The Walking Dead' rights to AMC Networks opens possibilities for strategic content utilization and monetization.

  • The deal with Charter that includes AMC+ suggests opportunities for increased subscriber numbers and deeper integration with cable services.

  • 與包括奈飛上策劃的AMC精選在內的主要流媒體平台的合作顯著增加了觀衆互動,並開始反映在AMC+的用戶獲取上。

  • 原版《行屍走肉》版權即將歸還給AMC網絡,這爲戰略內容利用和變現開闢了可能性。

  • 與Charter的交易包括AMC+,這表明有增加訂閱用戶數和與有線電視服務更深入整合的機會。

Risks:

風險:

  • Continued linear subscriber declines impacting subscription revenues demonstrate ongoing challenges in traditional cable TV viewership.

  • The reliance on strategic content performance on third-party platforms like Netflix for viewer engagement and acquisition spike for new seasons on AMC+ could pose a risk if these platforms alter their strategic directions or terms.

  • 持續的線性訂閱用戶減少對訂閱營業收入的影響,顯示出傳統有線電視觀看面臨的持續挑戰。

  • 依賴於第三方平台(如奈飛)上戰略內容表現以增強觀衆互動和新季節在AMC+上獲取的突增,如果這些平台改變其戰略方向或條款,這可能會帶來風險。

More details: AMC Networks IR

更多詳情:AMC網絡投資者關係

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

提示:欲了解更全面的細節,請參閱IR網站。 文章僅供投資者參考,不構成任何指導或推薦建議。

譯文內容由第三人軟體翻譯。


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