AMC Networks Stock Crashes After Q4 Revenue Dip, Marginal Subs Increase

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AMC Networks Inc (NASDAQ:AMCX) reported a fourth-quarter 2023 revenue decline of 29.6% Y/Y to $678.85 million, beating the consensus of $676.01 million.

The American entertainment company’s adjusted EPS of $0.72 fell 71.4% Y/Y and missed the consensus of $0.89

Affiliate revenue decreased 16% due to basic subscriber declines, including the 4% revenue impact …

Full story available on Benzinga.com


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