AMC Networks reported its fourth-quarter 2022 earnings Friday, two days after naming Kristin Dolan, wife of the company’s owner, James Dolan, its new CEO. The company says it ended 2022 with …
Meanwhile, U.S. ad sales fell 12% in the quarter, which saw the end of AMC’s long-running zombie series “The Walking Dead,” a drama that already has multiple spinoffs either set up or soon to launch, and the debut of the first show in AMC’s next big TV universe: “Anne Rice’s Interview With the Vampire.”
Turning to AMC’s “International and Other” segment — which includes AMC Networks International and 25/7 Media — revenue decreased 12%. Distribution and “other” revenues fell 4% and ad sales dropped 33%. Wall Street forecast earnings per share of $1.2 on $947.8 million in revenue, according to analyst consensus data provided by Refinitiv. On Friday, AMC Networks reported adjusted earnings per share of $2.52 on $965 million in revenue, a 20% year-over-year increase in revenue.
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