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AMC NETWORKS INC . REPORTS SECOND QUARTER 2021 RESULTS New York , NY - August 6 , 2021 : AMC Networks Inc. ( " AMC Networks " or the " Company " ) ( NASDAQ : AMCX ) today reported financial results for the second quarter ended June 30 , 2021 . ● President and Chief Executive Officer Josh Sapan said : " AMC Networks had a strong second quarter with impressive financial results domestically as well as internationally , driven by robust growth in revenues for our targeted streaming services , particularly strong advertising growth , and high demand for our world - class content . We continue to advance our position as the worldwide leader in targeted streaming , with high subscriber satisfaction and strong consumption for our services . AMC + , our premium bundled offering , has quickly become our fastest - growing service , driven by expanding distribution and the strong , character - driven dramas that power it . Our streaming momentum and our expanding advertising efforts are enabling us to continue to meaningfully reconstitute the revenue mix of our company and to deliver continued growth and shareholder value . " Second Quarter Financial Highlights : амс AMC NETWORKS Net revenues increased 19 % to $ 771 million as compared to the prior year quarter Operating income of $ 68 million ; Adjusted Operating Income ( ¹ ) increased 11 % to $ 251 million as compared to the prior year quarter Diluted EPS of $ 0.83 ; Adjusted Diluted EPS ( ¹ ) of $ 3.45 Dollars in thousands , except per share amounts Net Revenues Operating Income Adjusted Operating Income Diluted Earnings Per Share Adjusted Diluted Earnings Per Share Net cash provided by operating activities Free Cash Flow ( 1 ) $ 771,392 $ $ Three Months Ended June 30 , 2021 2020 $ $ 250,637 $ $ 68,256 $ 0.83 $ 3.45 $ 646,291 48,802 225,278 0.28 2.39 $ 23,604 $ 226,504 3,844 $ 209,722 $ 1 Change 2021 19.4 % $ 1,463,133 $ 1,380,666 237,964 $ 221,772 39.9 % $ 11.3 % $ 196.4 % $ 44.4 % $ Six Months Ended June 30 , 2020 ( 89.6 ) % $ ( 98.2 ) % $ 488,616 $ 2.84 $ 6.43 $ 447,732 1.54 3.83 $ 424,912 131,167 100,406 $ 392,133 Expanded international distribution of Acorn TV with Amazon Prime Video Channels and Orange TV in Spain Launched AMC + on YouTube TV Change 6.0 % 7.3 % 9.1 % 84.4 % 67.9 % Operational Highlights : On track to achieve previously communicated full year 2021 revenue , Adjusted Operating Income and streaming subscriber targets ( 69.1 ) % ( 74.4 ) % Greenlit new AMC + and AMC series including Moonhaven , Dark Winds and Anne Rice's Interview with the Vampire Debuted dark comedy Kevin Can F *** Himself , starring Emmy Award - winning actress Annie Murphy , on AMC + and AMC ( 1 ) See page 4 of this earnings release for a discussion of non - GAAP financial measures used in this release . This discussion includes the definition of Adjusted Operating Income ( Loss ) , Adjusted EPS and Free Cash Flow .