AMC Networks Reports Better Q3
- 5 years ago
Broadcasting Cable reports that AMC Networks reported higher profits in the third quarter.
The news comes as losses of AMC's international divisions fell.
Net income for the third-quarter rose 28% to $111 million, or $1.93 per share, from $87 million, or $1.35 per share a year ago.
Revenues rose 7.5% to $697 million.
Distribution revenue rose 5% to $361 million.
Advertising revenues rose 0.9% to $200 million as higher pricing offset lower audience delivery.
The news comes as losses of AMC's international divisions fell.
Net income for the third-quarter rose 28% to $111 million, or $1.93 per share, from $87 million, or $1.35 per share a year ago.
Revenues rose 7.5% to $697 million.
Distribution revenue rose 5% to $361 million.
Advertising revenues rose 0.9% to $200 million as higher pricing offset lower audience delivery.