AMC Networks Inc. (NASDAQ:AMCX) Q2 2023 Results Conference Call August 4, 2023 8:30 AM ET
Company Participants
Nick Seibert - VP, Corporate Development & IR
Kristin Dolan - CEO
Patrick O’Connell - CFO
Kim Kelleher - CCO
Dan McDermott - President Entertainment & AMC Studios
Conference Call Participants
Michael Morris - Guggenheim Securities
Luke Landis - MoffettNathanson
Doug Creutz - Cowen
Thomas Yeh - Morgan Stanley
Operator
Thank you for standing by, and welcome to the AMC Networks Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. [Operator Instructions]. As a reminder, today's conference is being recorded.
I would now like to turn the call to your host Mr. Nick Seibert, Vice President of Corporate Development and Investor Relations. Please go ahead.
Nick Seibert
Thank you. Good morning, and welcome to the AMC Networks Second Quarter 2023 Earnings Conference Call. Joining us this morning are Kristin Dolan, Chief Executive Officer, Patrick O'Connell, Chief Financial Officer, Kim Kelleher, Chief Commercial Officer and Dan McDermott, President of Entertainment and AMC Studios.
Today's press release is available on our website at amcnetworks.com. We will begin with prepared remarks, and then we'll open the call for questions. Today's call may include certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that could cause actual results to differ. Please refer to AMC Networks' SEC filings for a discussion of risks and uncertainties. The company disclaims any obligation to update any forward-looking statements made on this call. Today, we will discuss certain non-GAAP financial measures. The required definitions and reconciliations can be found in today's press release.
With that, I'd like to turn the call over to Kristin.
Kristin Dolan
Thank you, Nick. As consumer behavior continues to evolve and the industry searches for the best approach to connect viewers with the shows they love, we remain focused on the very real advantages of our measured opportunistic and disciplined strategy. We are continuing to do what this company has always done best, produce high-quality content and make that content available across a wide array of platforms with strong brand associations and underlying economics that drive free cash flow.
Even amidst industry-wide challenges, we have strong confidence in our approach and are seeing the benefits of our strategy play out in our financial results, which for the second quarter include year-over-year increases in free cash, streaming subscribers and streaming revenue as well as healthy margins. Patrick will have more to say on all of this in a few minutes.