AMC reports Q4 sales beat, but shares fall as subscriptions slide
AMCXAMC Networks(AMCX) Market Watch·2024-02-09 21:49

AMC Networks Inc. AMCX, +0.21% shares fell 3.6% in premarket trades Friday after the company’s fourth- quarter revenue took a hit from falling subscriptions. The network that’s home to “The Walking Dead” franchise reported a net loss of 11.4million,oralossof50centsashare,comparedwithanetlossof11.4 million, or a loss of 50 cents a share, compared with a net loss of 391.6 million, or a loss of $6.11 a share in the prior year’s quarter. On an adjusted basis AMC Networks earned 72 cents a share. Analysts surveyed by FactSet were looking for earnings of 68 cents a s ...