AMC Networks' Third-Quarter Revenue Up 19%

Flying high on the series finale of its hugely popular drama Breaking Bad, AMC Networks (NASDAQ: AMCX  ) today reported a 19% boost in last quarter's revenue.

The bulk of AMC's revenue increase was found in its National Networks segment, which grew 20.1% compared to Q3 2012, to $367.9 million. According to President and CEO Josh Sapan, AMC's increase in overall sales was driven by a "return on our investment in original programming," with many programs "performing well on IFC, Sundance Channel, and WEtv."

AMC also significantly boosted its profit margins in the quarter. The company's operating income rose 40% compared to the same quarter in 2012, to $122.3 million, while net income grew from $36.6 million to $58.1 million.

Additionally, Sapan expressed enthusiasm over the company's recent acquisition of Liberty Global plc's international content division, Chellomedia. With this new transaction, Sapan believes AMC Networks "will over time further capitalize on demand for our content by growing internationally, a key strategy to ensuring our long-term success."

link


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2717613, ~/Articles/ArticleHandler.aspx, 10/23/2014 2:52:16 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement