AMC Networks(US:AMCX) ZACKS·2024-11-08 16:02Core Insights - AMC Networks reported revenue of $599.61 million for Q3 2024, a year-over-year decline of 5.9%, with EPS of $0.91 compared to $1.85 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $597.9 million by 0.29%, while the EPS surprised by 5.81% against the consensus estimate of $0.86 [1] Revenue Performance - Domestic Operations revenue was $530.24 million, slightly above the average estimate of $526.20 million, reflecting a year-over-year decline of 2% [3] - Inter-segment eliminations reported revenue of -$4.34 million, worse than the average estimate of -$2.50 million, marking a year-over-year increase of 135.3% [3] - International and Other revenue was $73.71 million, slightly below the average estimate of $74.20 million, showing a significant year-over-year decline of 24.5% [3] Adjusted Operating Income - Adjusted Operating Income for Domestic Operations was $129.98 million, compared to the average estimate of $132.01 million [3] - Adjusted Operating Income for Inter-segment eliminations was -$45.03 million, worse than the average estimate of -$23.23 million [3] - Adjusted Operating Income for International and Other was $8.70 million, below the average estimate of $10.63 million [3] Stock Performance - AMC Networks shares have returned +5% over the past month, slightly outperforming the Zacks S&P 500 composite's +4.9% change [4] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance relative to the broader market in the near term [4]