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AMC Networks Beats on Q3 Earnings Despite 15.5% Decline in US Ad Sales

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Yahoo Finance. On Monday morning, AMC reported adjusted EPS of $1.32 per share on $654 million in revenue.Overall, revenues dipped 9% from the comparable quarter in 2019.

The company’s operating loss was -17.2%. (After some favorable adjustments that figure was a slightly more palatable -15.4%.)Those declines from last year were harsher when just isolating the U.S.

networks. Internationally, revenues actually grew thanks to AMC Networks’ SVOD (subscriber video on demand) services: Acorn TV, Shudder, Sundance Now and UMC.In the U.S., ad sales declined 15.5% vs.

Q3 of 2019. That reflected the timing of originals both due to COVID-19 and not, as well as a lower demand for those commercial slots.AMC’s national networks are: AMC, WE tv, BBC.

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