AMC Networks Q2 Earnings Miss Wall Street Forecasts As Linear TV Challenges Once Again Hit Media Results
AMC(AMC) Deadline·2024-08-09 19:39
While it wasn’t quite the dramatic setbacks of Paramount Global and Warner Bros. Discovery this week, AMC Networks posted second-quarter financial results illustrating the perils of operating linear TV networks. The company’s earnings were down significantly from the prior-year quarter and below Wall Street estimates. The programmer reported adjusted earnings per share of 2.02 and below analysts’ consensus outlook for 626 million. In its earn ...