AMC Networks reports Q3 adjusted EPS 18c, consensus 34c

Reports Q3 revenue $561.741M, consensus $549.27M. Chief Executive Officer Kristin Dolan said: “Our performance in the third quarter marks a key milestone in our transition from a cable networks business to a global streaming and technology focused content company. Streaming revenue growth accelerated and will represent our largest single source of domestic revenue this year. We again delivered healthy free cash flow and remain on track to achieve our increased outlook of $250 million in free cash for the full year. We have built the components of a modern media business that is nimble, independent and well suited to today’s environment and whatever comes next.”