After AMC Networks Posts Strong Q1 Numbers, Recently Installed CEO Kristin Dolan Says Her “Clear And Actionable Perspective” Will Help Get Company On Track
deadline.comAMC Networks posted first-quarter earnings well ahead of Wall Street estimates, boosting shares in pre-market trading. The parent company of cable networks AMC and IFC and streaming services AcornTV and Shudder had earnings per share of $2.36, down a tick from the $2.38 reported in the year-ago quarter.
Revenue inched up almost 1% to $717.4 million. Wall Street analysts had expected earnings of $1.87 and revenue of $696.7 million.
The positive results boosted shares in AMC Networks by 13% before the start of the trading day. Kristin Dolan, part of the family that has controlled AMC Networks and its sister media companies for decades, took over as CEO earlier this year.
In her first quarterly earnings call, she touted a “clear and actionable perspective” gained through previous positions. In addition to lengthy stints on the AMC Networks board of directors and as an executive at Cablevision, she founded data analytics firm 605. “While I’m new to my role as CEO, this is a company I know extremely well,” she said, later adding, “I’m an operator.
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