AMCX: Raised guidance after $500M Walking Dead-Netflix deal; Q2 revenue down 9% year-over-year
Q2 revenue declined 9% year-over-year, but a $500M global licensing deal for The Walking Dead with Netflix led to raised full-year guidance. Streaming and digital advertising grew, while affiliate and linear revenues declined. Free cash flow guidance increased to $220M.Based on AMC Global Media Inc…