AMC Networks (AMCX) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - AMC Networks reported revenue of $596.46 million for Q1 2024, a year-over-year decline of 16.9% and an EPS of $1.16 compared to $2.62 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $603.82 million, resulting in a surprise of -1.22%, while the EPS surprise was -35.20% against a consensus estimate of $1.79 [1] Revenue Performance - Domestic Operations revenue was $524.23 million, below the three-analyst average estimate of $527.54 million, reflecting a year-over-year decline of 14.3% [2] - Inter-segment eliminations reported revenue of -$3.37 million, worse than the -$2.50 million average estimate, but showed a year-over-year increase of 35.9% [2] - International and Other revenues were $75.61 million, compared to the $78.12 million average estimate, marking a year-over-year decline of 30% [2] Adjusted Operating Income - Adjusted Operating Income for Domestic Operations was $162.32 million, lower than the estimated $175.57 million [2] - Adjusted Operating Income for Inter-segment eliminations was -$26.60 million, worse than the -$23.26 million estimate [2] - Adjusted Operating Income for International and Other was $13.40 million, below the three-analyst average estimate of $16.92 million [2] Stock Performance - AMC Networks shares have returned +25.3% over the past month, outperforming the Zacks S&P 500 composite's +0.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]