AMC Networks Profit Up On Higher Ad Sales, But Misses Street View

Demand for shows like "Walking Dead" helps boost bottom line

AMC Networks, operator of the AMC and IFC cable networks, said net income rose handily in the third quarter on the strength of advertising sales and affiliate fees that increased thanks to original programs like “The Walking Dead” and “Breaking Bad.”

The company said net income rose to $58 million, or 80 cents a share, compared with $37 million, or 51 cents a share. Even so, the company missed analyst expectations, which had called for earnings of 86 cents a share.

AMC said overall revenue rose 19.1%, or $63 million, to $395 million. Revenue at its U.S. networks rose 20.2%, thanks to strong demand by advertisers for the company’s original programs as well as increases in fees from distributors. International revenue rose just $2 million to $31.3 million.

AMC recently announced it would purchase Chellomedia, a collection of foreign TV outlets, a move that analysts think will grow the company’s overseas business.

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  1. barbara howard says:

    Why wouldn’t shares go up, it’s called sponserhip. No doubt AMC has great programs, but IFC is far from Independent films. It’s more like sitcom resurrection haven. Not worthy of thier monicor. Oh well, I’m no sponsor, just a tax payer in serach of brilliant world wide truly independent films and unique programming. I can watch Malcom in the middle, CSI Miami, infomercials and mainstream movies on a dozen cable chanells and they don’t repeat them day in, day out, week after week, monrh after month. I guess that’s the type of of programming choices we get when ads propel the shares.

  2. Stephanie T says:

    Miss BrBd. I loved that show. Thx AMC for taking t risk.

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