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AMC Networks (NASDAQ:AMCX) reported results in line with analysts’ expectations in Q4 FY2023, with revenue down 29.6% year on year to $678.8 million. It made a non-GAAP profit of $0.72 per share, down from its profit of $2.52 per share in the same quarter last year. AMC Networks’s long-term revenue has declined, dropping 1.8% annually over the last 5 years. The company’s free cash flow margin has averaged 11.3%, slightly better than the broader consumer discretionary sector. AMC Networks’s free cash flow came in at $65.97 million in Q4, equivalent to a 9.7% margin, down 48.4% year on year.
Key Takeaways from AMC Networks’s Q4 Results:
Revenue beat was small, but both operating income and EPS missed. Full details of this report, including company valuation and business qualities can be accessed for FREE. Streaming services are a consideration for television networks.



Read more: AMC Networks (NASDAQ:AMCX) Reports Q4 In Line With Expectations