Sean S. Sullivan
morning. good Thanks and
solid a generate healthy AOI $XXX As to continued and Josh and record to of the per adjusted was cash quarter. was were revenues levels free off $X.XX. million revenues in the Total In quarter, $XXX first share. is the delivered start. company XXXX $XXX highlighted very flow Company EPS earnings also over million, million
came expected expenses revenue, expectations the my more Our meet performance than and due in the to year. timing of better the later results our for mainly revenue content I'll firmly touch the us in quarter to in which track detail on first than advertising of ahead remarks. better licensing slightly on for in anticipated targets our on places outlook full
operating increased an $XXX period. performance million; X% at million, to Networks, the was to segments; Moving the to of prior of year National X% AOI as increase revenues the our compared $XXX
the distribution to revenue Our by $XXX which growth top line continues increased driven XX% in million. to be our quarter
two-thirds with continue increase Dead, the principally year-over-year windows. growth significant revenue and programs represented of we Badlands original diversification in approximately various Studios. Into of The our to line availability Content the focus of For notably, licensing to in AMC Networks revenue on quarter, Son distribution reducing of advertising. contributor on revenue excess reliance the XX%. The the due total National growth continues as licensing a the and be scripted our Fear Walking Most to top from was of
source reliable distribution, As for the of and us this subscription a provide stable with over our line to continues growth. of component long-term revenue the item
can However, and on based timing the renewals in adjustments. a somewhat move particular of quarter various results
continue revenue full to growth the subscription year to the expect in be mid-single Looking ahead, digits. for we
advertising, advertising revenues of $XXX Moving total the million. to X% for first to decreased quarter a
of our results in digital growth We in benefit the Walking As of quarter pricing, fewer influenced and expected Dead well AMC from strong by delivery performance its coupled at in some related however our networks. pressures. the were shows continued episodes programming as with part increased Talking as did and Dead The platforms other
As the Josh tv, SundanceTV. quite Networks, as particular non-AMC of premiere and The performed mentioned, the well in Terror WE did
prior investment $XXX in in X% we versus costs. of in X% and increased due of programming a write-offs In the networks. related in our Technical original expenses million were year to increase the of an SG&A assets. variance our million or $X to related an first compares write-off prior Moving versus This million variance by first to of to all million. $X to expenses The timing expenses, expenses G&A of originals operating continued principally decrease XXXX. the the marketing of quarter, the the recorded increase million The across to various primarily offset the than in quarter, total $XXX related less period. X%, increased $XX to in costs year period. charges quarter programming
Moving was to our and quarter revenues X% and first primarily the favorable prior operating impact to our increase In of revenue partially decrease XXXX. more by in International of of $X The international year. was the absence of Other due million, to services; reflected related DMC $X International Films release loss networks the increase growth of of increase $XXX translation in particularly reflected currency the Adjusted segment. the increased foreign streaming Other and an in million. decline Adjusted revenue sold a the by loss versus than and an July IFC million subscription operating in our in the by DMC, offset schedule. expenses, a was in which timing offset to than more offset absence increase in its
to for compared GAAP in increase EPS Moving of an year, increase reflects XX%. basis quarter, EPS decrease basis compared income an year a adjusted in first was The $X.XX the principally $X.XX On tax to was to the on $X.XX EPS expense. period. the in year-over-year $X.XX a prior prior
book outstanding mid-XX% mid-XX% also repurchase As the our range the program. shares the result rate tax of reduction expected, range. reform tax from lowered in to as reflects EPS stock company's a a
free the March In quarter. for ended $XXX of cash had flow terms generated months of We three a flow, cash free strong XXXX. company the million
of was period million the capital payments were interests million. was for prior tax were $XXX for of of a of million, Program $XX resulting $X programming and the were million compares $XX rights cash a distributions non-controlling year period. the interest cash use million. For were $XX This program expenditures to quarter, to use million million cash rights in amortization three-month for $XX $XXX payments $X and million,
as the leases billion. $X.XX March debt to Turning capital sheet, XX net of balance had Networks and of AMC
ratio flat AOI X.X Our with based million on leverage LTM times, was year-end XXXX. of $XXX
In business basis. us to continue terms our believe as in of to AOI allow investment core remains focus in capital we our this will primary sustainable grow allocation, a
investments. to We the the of to repurchases repurchases approximately and of repurchased $XX X.X million opportunistic or million quarter, both disciplined the end $XXX This has to million stock. quarter, of repurchased shares. will use in our Subsequent company respect represents additional for non-organic an million, during company share be X.X first the capital continue approximately and shares. With the
of its had under million As last the company available Friday, $XXX authorization existing program.
So program approximately we our XX% of repurchased shares. outstanding to-date,
expect variables, our several will that capital. price We and the to in level repurchase quarter including any of continue potential of activity our uses view on depend of one stock other
we expect continue result, a to repurchases of vary As to our quarter-to-quarter. from the pace
looking changes no So full our year we call. on the there last comments are to ahead, made earnings XXXX
both total single-digits. grow continue low We company expect adjusted revenue full year operating to income to the in and
to than the a more we conditions anticipate of and the comps the to As timing growth distribution of distribution during favorable related of improvement grow originals. quarterly our second consequence to timing expect In revenue, in for at With of subscription market cadence the of anticipate content our we a respect we slightly variability Networks meaningful content sequential airing performance anticipate shows. of specific as of investments faster licensing revenue. our the National quarter as airing revenue, the and our year, a advertising revenue. the in National healthy a continued Within Networks, we continued the result rate revenue at
mainly air to to of a the the licensed the we National expenses given scheduled related versus for quarter. As in costs mix anticipate programming owned at increase year-over-year Networks, originals
National the will I that year terms towards in is growth growth the in be terms expect the In and described. trends the International line first increase growth AOI. dollars our and in and in to weighted of the with of expect results quarter we continue Other experienced to year-over-year at Networks, as reflect of the back we second year segment, of that a modest quarter half we expect of At rate revenue we the AOI revenue just absolute expenses generally in
very business of how opportunities the start the So about the overall, various for good the and that for growth year we are we're and feel us. excited ahead to is about positioned XXXX remainder the of
to if Operator, call So question-and-answer with we'd of the that, move the to please call. you questions. portion to the like could open
