AMC Networks (NASDAQ:AMCX) Announces Quarterly Earnings Results

AMC Networks (NASDAQ:AMCX) released its quarterly earnings results on Monday. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.63, FiscalAI reports. The firm had revenue of $566.07 million during the quarter, compared to the consensus estimate of $573.28 million. AMC Networks had a positive return on equity of 5.46% and a negative net margin of 6.38%. The business’s revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 EPS.

Here are the key takeaways from AMC Networks’ conference call:

• Third-quarter consolidated revenue grew 1%, with domestic revenue up 2%. Streaming revenue increased 4% (7% excluding ALLBLK), but subscription revenue fell 2% as affiliate revenue declined 11% and advertising revenue declined 7%.
• Streaming engagement improved: excluding ALLBLK, average viewing hours per active user rose year over year and total hours watched increased double digits sequentially. AMC also highlighted new Netflix licensing and co-production arrangements, and said “Heated Rivalry” became AMC+’s biggest exclusive series launch.
• Management said advertising trends improved sequentially and year over year, supported by digital demand, addressable inventory and political spending; affiliate revenue declines also moderated as new agreements took effect. However, domestic advertising revenue was still down 7%, and international revenue declined 5% amid a softer U.K. ad market.
• AMC maintained its 2026 outlook despite selling ALLBLK: revenue of $2.4 billion–$2.45 billion, adjusted operating income of $410 million–$420 million, and approximately $150 million in free cash flow. The company said ALLBLK was profitable and that it would provide comparable growth rates excluding the service where relevant.
• Third-quarter free cash flow was negative $52 million, including an $85 million payment tied to the $120 million Walking Dead litigation settlement; excluding that payment, free cash flow would have been $33 million. AMC ended the quarter with approximately $1.3 billion in net debt, while domestic adjusted operating income declined primarily due to higher technical and operating expenses.

AMC Networks Stock Performance

NASDAQ:AMCX traded up $0.64 during mid-day trading on Wednesday, hitting $9.25. The stock had a trading volume of 147,098 shares, compared to its average volume of 552,801. AMC Networks has a twelve month low of $6.47 and a twelve month high of $12.93. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.76 and a current ratio of 1.76. The stock has a market cap of $381.73 million, a price-to-earnings ratio of -2.79 and a beta of 1.55. The company’s 50 day simple moving average is $10.61 and its 200 day simple moving average is $9.49.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AMCX. Wells Fargo & Company lifted their price objective on shares of AMC Networks from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Zacks Research lowered shares of AMC Networks from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of AMC Networks in a research report on Wednesday, November 4th. Morgan Stanley reduced their price objective on shares of AMC Networks from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Thursday, October 15th. Finally, UBS Group raised their price objective on AMC Networks from $6.00 to $10.00 and gave the company a “sell” rating in a report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, AMC Networks presently has a consensus rating of “Strong Sell” and a consensus target price of $10.00.

Insiders Place Their Bets

In other AMC Networks news, CAO Michael Sherin, III sold 10,648 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $12.35, for a total transaction of $131,502.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 16.13% of the stock is currently owned by company insiders.

AMC Networks Company Profile

AMC Networks is a global entertainment company that develops, produces and distributes television and streaming content. Its programming includes original drama, unscripted series, films and other entertainment across a portfolio of cable networks and digital services. The company’s brands include AMC, BBC America, IFC, SundanceTV and WE tv, as well as streaming services such as AMC+, Acorn TV, Shudder, Sundance Now and ALLBLK. AMC Networks also distributes content through licensing and other partnerships.