Fear The Walking Dead boosts AMC Q3
November 6, 2015
AMC Networks has reported financial results for the third quarter ended September 30th 2015.
President and Chief Executive Officer Josh Sapan commented: “AMC Networks had outstanding performance in the quarter, with significant increases in net revenues and operating cash flow driven by the continued popularity of our networks’ original programming, notably BBC AMERICA’s Doctor Who and AMC’s newest original series, Fear the Walking Dead, which premiered to record numbers, becoming the biggest series debut in cable television history. We continue to invest in our international business, growing our portfolio of strong local brands and launching the AMC brand into new markets. We are confident our approach to creating great content and building networks with distinct brands that resonate with viewers will continue to drive our performance over the near- and long-term and deliver value for our shareholders.”
Q3 net revenues increased 21.7 per cent, or $113 million (€105.1m), to $632 million over the third quarter of 2014, led by 31.3 per cent growth at National Networks which was partially offset by a decrease of $9 million at International and Other.
For the nine months ended September 30th 2015, net revenues increased $336 million, or 21.4 per cent, to $1.902 billion