AMC Provides Strong 3Q Profit: But Without Mad Males, Network Fails To Get Results Of Forecasts

We’ll determine if the street is a lot more amazed by AMC’s better-than-expected profits, or disappointed inside the worse-than-expected revenues. The cable network company reports3Q internet earnings of $40M, up 58.4%, on revenues of $283.9M, up 4.6%. Experts thought they’d see revenues of $292.1M. Nevertheless the earnings, at 55 cents a share, were far while watching predicted 44 cents. The business states that domestic ad sales “were essentially flat mainly due to the possible lack of Mad Males” which went in a year ago’s 3Q. The 3.9% revenue gain for your unit, to $258.3M, was driven having a 6.9% increase in affiliate costs mostly from rate increases. The switch side is always that AMC had lower marketing and corporate expenses, enhancing the machine’s operating earnings 24.1% to $99M. AMC had quite contrary situation within the interational operation. Revenues were up 13.8% to $30.7M, aided by greater theatrical revenues from IFC FIlms. The operating loss elevated 41.6% to $4M due to greater programming and marketing costs. “The core within our growth strategy remains our acquisition of original programming,” Boss Josh Sapan states. “The Walking Dead season two premiere, which was the finest rated dramatic show ever in fundamental cable history against key adult demos, and our performance inside the 2011-2012 upfront, underscores the potency of this plan.”