- AMC Networks (NASDAQ:AMCX) is off sharply, -7.7%, as international revenue dropped for the first time in nine quarters, spoiling a Q2 beat it pulled off largely due to a stake in BBC America.
- The company pointed to foreign exchange fluctuations as the cause of the international decline.
- Revenue by segment: National Networks, $488.6M (up 22.8%); International and Other, $112.9M (down 9.4%).
- Adjusted operating cash flow sank internationally along with revenues (expenses essentially flat), down 56% to $8.6M. AOCF at National Networks grew 33% to $182.5M.
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- Press Release