Financial Data and Key Metrics Changes - Consolidated revenue decreased by 4% to $738 million, while streaming revenue grew by 20% year-over-year, and 36% when excluding a one-time distribution agreement renewal impact [32][33] - Consolidated adjusted operating income was $196 million with a margin of 26%, reflecting planned content and marketing investments [33] - Free cash flow for the quarter was $7 million, with a year-end expectation of approximately $100 million for 2022 [42][38] Business Line Data and Key Metrics Changes - Paid streaming subscribers grew by 46% to 10.8 million compared to the prior year quarter, with net additions of 1.3 million in Q2 [35][29] - Domestic operations revenue decreased by 3% to $621 million, with subscription revenue growth of 1% driven by strong streaming performance [34] - International and other revenue decreased by 9% to $126 million, primarily due to unfavorable foreign exchange translation [37] Market Data and Key Metrics Changes - The company added nearly 1.3 million net subscribers across its streaming portfolio, driven by global expansion and strong demand for AMC+ and targeted services [12][29] - The launch of AMC+ in Spain was highlighted as a significant contributor to subscriber growth, with partnerships established with local distributors [32][60] - Domestic operations advertising revenue decreased by 5% to $202 million due to lower linear ratings, partially offset by higher pricing and digital growth [36] Company Strategy and Development Direction - The company is focused on international expansion of its streaming portfolio, with plans to launch AMC+ in New Zealand, Latin America, and several European countries [31][23] - A disciplined approach to content investment and a focus on profitability while investing for growth are key components of the company's strategy [28][27] - The company aims to achieve 20 million to 25 million paid streaming subscribers by 2025, with a long-term goal of maintaining consolidated adjusted operating income margins in the mid to high 20% range [29][41] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging macroeconomic environment but expressed confidence in the company's ability to navigate it through strong content and subscriber growth [10][11] - The company reiterated its financial outlook for 2022, expecting low single-digit revenue growth and approximately $100 million in free cash flow [41][42] - Management emphasized the importance of maintaining high-quality content and strong branding to drive subscriber acquisition and retention [28][19] Other Important Information - The company announced the appointment of Chris Spade as CEO, effective next month, highlighting her contributions to the company's transformation [7][8] - The company is investing in advanced advertising initiatives and expanding its digital distribution to enhance revenue potential [45][49] - The company is also focusing on maximizing the value of its film content through the launch of AMC+ film slate, which includes a new movie each week [20][22] Q&A Session Summary Question: How does the international component fit within the long-term subscriber guidance? - Management indicated that the international expansion, particularly in Spain, serves as a template for future growth, leveraging existing linear business relationships [60][68] Question: Why is the philosophy on supplying AVOD different than SVOD peers? - The company views AVOD as a key driver for digital growth, utilizing quality library content to reach younger audiences while monetizing through advertisers [61][45] Question: What is the churn behavior for joiners coming in on flagship content? - Management noted that maintaining a consistent refresh rate of content is crucial for subscriber retention, with a focus on genre and talent to bridge audiences [63][64] Question: Can you discuss the effective ARPU in Spain and expectations for future launches? - Management highlighted that ARPU will vary based on the distribution model, with a focus on strong partnerships to maximize market foothold [75][76] Question: How does the company plan to approach international expansion? - The company plans to leverage existing linear business relationships and adapt its strategy on a country-by-country basis, ensuring strong partnerships for market entry [68][69] Question: What are the expectations for margins on the streaming product? - Management indicated that as AMC+ scales, the strategy will evolve to maximize revenue through effective windowing and content ownership [70][71]

AMC Networks Inc. (NASDAQ:AMCX) Q1 2022 Earnings Conference Call May 5, 2022 10:30 AM ET Company Participants Nick Seibert - Vice President, Corporate Development and Investor Relations Matt Blank - Interim Chief Executive Officer Chris Spade - Chief Operating Officer and Chief Financial Officer Conference Call Participants Thomas Yeh - Morgan Stanley Michael Morris - Guggenheim Robert Fishman - MoffettNathanson David Karnovsky - JPMorgan Steven Cahall - Wells Fargo Operator Welcome to the AMC Networks’ Fir ...

AMC Networks Inc. (NASDAQ:AMCX) Q4 2021 Earnings Conference Call February 16, 2022 8:30 AM ET Company Participants Nick Seibert - Investor Relations Matt Blank - Interim Chief Executive Officer Chris Spade - Chief Operating Officer and Chief Financial Officer Miquel Penella - President, Streaming Services Conference Call Participants Michael Morris - Guggenheim Robert Fishman - MoffettNathanson Steven Cahall - Wells Fargo Operator Ladies and gentlemen, thank you for standing by and welcome to the AMC Networ ...

Financial Data and Key Metrics Changes - AMC Networks reported record revenue of $811 million for Q3 2021, a 24% increase from the previous year, driven by higher content licensing, streaming, and advertising revenues [27] - Adjusted operating income for the quarter was $225 million, reflecting a 21% growth [27] - Adjusted earnings per share were $2.68 [27] Business Line Data and Key Metrics Changes - Streaming subscribers increased by 74% year-over-year, while streaming revenue grew by 83% [28] - Domestic Operations revenue rose to $683 million, a 25% increase from the prior year, with adjusted operating income of $231 million, representing 12% growth [28] - International and Other segment revenue increased by 17% to $130 million, with adjusted operating income rising 148% to $22 million [31] Market Data and Key Metrics Changes - Domestic Operations advertising revenue increased by 22% to $200 million, supported by strong original content and digital audience monetization [30] - Content licensing revenue surged by 60% in Q3 2021, benefiting from an increase in original content distributed [29] Company Strategy and Development Direction - The company aims to reach 9 million paid streaming subscribers by the end of 2021 and projects 20 to 25 million subscribers by 2025, focusing on targeted streaming services [5][6] - AMC Networks emphasizes a unique approach to streaming, avoiding competition with larger services and focusing on niche markets [8][16] - Continued investment in brand building and content is crucial for future growth, with a strong content slate planned for 2022 [12][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving updated financial goals for 2021, setting a strong foundation for 2022 and beyond [33] - The COVID-19 pandemic has accelerated the transition to streaming, providing significant growth opportunities for targeted services [17] - The company is optimistic about leveraging its extensive library of IP and franchises to enhance content offerings [15][16] Other Important Information - Free cash flow for Q3 2021 was an outflow of $101 million, primarily due to increased programming investments [32] - The company maintains a net debt of approximately $2 billion and a consolidated net leverage ratio of 2.4x [32] Q&A Session Summary Question: Importance of distribution agreements for streaming targets and overseas expansion strategy - Management acknowledged that marketing partnerships like the Verizon deal are crucial for subscriber growth, with plans for international expansion in various markets [35][36] Question: Content investment growth expectations amid market saturation - Management confirmed a commitment to aggressive programming without engaging in cost competition with larger players, focusing on sustainable content investment [39][40] Question: International content licensing and advertising partnerships - Management indicated plans to optimize linear performance relative to content licensing deals, with a focus on exclusivity for streaming platforms [43][44] - The partnership with The Trade Desk and Magnite for targeted programmatic advertising was highlighted as a significant opportunity for innovation in advertising [42][45] Question: Unit economics of the streaming business and potential for scale - Management compared the current streaming model favorably to previous experiences, emphasizing strong margins and sustainable growth without the need for acquisitions [47][50] Question: Changes in management strategy and content slate comparison - Management expressed confidence in the existing strategy and highlighted the robust content slate for 2022 as the strongest in the company's history [53][55]

AMC Networks, Inc. (NASDAQ:AMCX) Q2 2021 Earnings Conference Call August 6, 2021 8:30 AM ET Company Participants Nick Seibert - IR Josh Sapan - President and CEO Ed Carroll - COO Chris Spade - CFO Conference Call Participants Tim Nollen - Macquarie Michael Nathanson - Moffett Thomas Yeh - Morgan Stanley Michael Morris - Guggenheim Steven Cahall - Wells Fargo Operator Good day, and thank you for standing by. Welcome to the AMC Networks' Second Quarter 2021 Earnings Conference Call. At this point, I would lik ...