delivered increases in revenue and profit across its third quarter financials, helped by the growth of its international business and niche streaming services.
The company, which operates the eponymous network as well as BBC America, IFC, SundanceTV and WEtv, saw revenue increase by 3.1% to $719M and net income of $117M, up from $111M the year before. On a diluted, per-share basis, earnings of $2.07 handily beat Wall Street estimates for $1.66. Revenue of $719 million, though, undershot the consensus forecast of $733.6 million.
Revenue from its global operations and streaming services increased 20.5% to $183M, while revenues at its domestic networks was broadly flat. It particularly noted its success in streaming services, highlighting Acorn TV passing 1M subscribers and Shudder performing well with originals such as.
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