AMC Networks Beats Q3 Earnings Estimates as International Growth Takes Off

Company completes purchase of RLJ Entertainment

AMC Networks beat the Street in the third quarter of 2018, reporting adjusted earnings per share (EPS) of $2.15 on $697 million in revenue. Compare those with Wall Street’s forecasts: $1.80 in EPS on $694.29 million in revenue, per a consensus compiled by Yahoo Finance.

Overall, the publicly traded corporation’s revenues over the 90 days that ended on Sept. 30, 2018 rose 7.5 percent. We can break that down as growth of 3.5 percent at the national networks and a big 34.6 percent increase internationally. While that’s a big disparity on a percentage basis, AMC’s national networks group (AMC, WE tv, BBC America, IFC and SundanceTV; and AMC Studios, the Company’s television production business) is still almost 4x as large as the global arm.

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