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This article first appeared on GuruFocus. Release Date: November 09, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Consolidated revenue grew 1% in Q3, led by licensing and streaming businesses. Streaming revenue grew 7% on a comparable basis excluding All Black, driven by price increases. Affiliate revenue decline improved sequentially to -11%, helped by new agreements and contractual changes. Advertising trends improved with digital growth and political ad spending; upfront was successful with premium pricing. AMC Studios secured a co-production deal with Netflix and international partners, reducing cash investment and sharing long-term upside.
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