This shouldn't really even be that big of a surprise at this point. AMC has taken some serious gambles on shows other networks didn't want to touch, and now is reaping the benefits of spinoffs like Breaking Bad's Better Call Saul. Also, The Walking Dead will launch Fear the Walking Dead on the network this summer.
Well, AMC Networks posted a 27.5% increase in revenue for the first quarter of 2015, as the cable programmer beat what they were predicted to do by analysts.
Here's the nitty gritty of it, courtesy of Variety...
They say Q1 net revenue was $669 million, led by 25.4% growth for AMC’s national networks unit, which saw the operating income climb 42.5%. Net income from continuing operations was $121 million ($1.66 per share), compared with $72 million ($0.99 per share) in the first quarter of 2014.
AMC president and CEO Josh Sapan, who has probably one of the most secure jobs in the world right now, was quoted saying,
“Viewers continue to embrace our original programming, including AMC’s ‘The Walking Dead’ and our new original series ‘Better Call Saul,’ which was the most-watched new series on cable in key advertiser demos this broadcast season."
Moffett Nathanson analyst Michael Nathanson wrote,
As we have long known, today’s results represent the potential AMC has for earnings beats when costs are controlled and the company monetizes a programming slate with TV’s biggest show (‘Walking Dead’)."
In other words, AMC is killing it and doesn't plan to slow down any time soon.