AMC Networks reports Q1 adjusted EPS $1.16, consensus $1.67

Reports Q1 revenue $596.46M, consensus $602.6M. Reports Q1 domestic operations revenues decreased 14% from the prior year to $524M. CEO Kristin Dolan said: “In the Q1, we continued to execute on our strategic priorities, including the ongoing delivery of healthy free cash flow. As new technologies transform the way media is consumed, we continue to produce great content and make it available to viewers whenever and wherever they want to watch. We recently strengthened our balance sheet by completing a series of financing transactions that meaningfully extended our debt maturities. This creates substantial flexibility for us as we continue to leverage our core strengths and reorient our business around the consumer-driven changes that are happening across the industry.”