AMC Networks (NASDAQ:AMCX) Releases Earnings Results, Misses Estimates By $0.21 EPS

Posted by George Bondi on Jul 30th, 2026

AMC Networks (NASDAQ:AMCX – Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.21), FiscalAI reports. AMC Networks had a return on equity of 8.70% and a net margin of 2.28%.The firm had revenue of $547.50 million during the quarter, compared to analysts’ expectations of $555.74 million. During the same quarter in the previous year, the business earned $0.69 earnings per share. The company’s revenue for the quarter was down 8.8% compared to the same quarter last year.

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

The Walking Dead licensing deal with Netflix covers all seven series and 371 episodes under a five-year, co-exclusive global agreement worth $500 million in contracted fees. AMC expects approximately $200 million–$225 million of revenue recognition in both 2026 and 2027, with cash payments extending through 2031.
AMC raised its 2026 guidance to consolidated revenue of $2.4 billion–$2.45 billion, adjusted operating income of $410 million–$420 million, and free cash flow of approximately $220 million, partly reflecting the Netflix agreement.
Second-quarter revenue fell 9% year over year to $547 million and adjusted operating income was $46 million, while domestic subscription revenue declined 5%, affiliate revenue dropped 17%, and subscriber acquisition was below expectations in the first half.
Management cited improving engagement and retention across streaming services despite price increases, strong digital advertising growth, and ratings gains across most linear networks, including a 21% prime-time increase at WE tv.
AMC ended the quarter with approximately $464 million of cash, $1.3 billion of net debt, and 4.1x net leverage after paying down its remaining Term Loan A; management said leverage should peak in the second quarter and remains focused on debt reduction.

AMC Networks Stock Performance

AMCX traded down $0.54 during midday trading on Thursday, hitting $9.71. 1,115,312 shares of the company were exchanged, compared to its average volume of 482,088. The company’s 50 day simple moving average is $9.92 and its 200 day simple moving average is $8.58. The firm has a market capitalization of $426.56 million, a price-to-earnings ratio of 16.18 and a beta of 1.31. AMC Networks has a 1-year low of $5.41 and a 1-year high of $11.13. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 1.75.

Institutional Trading of AMC Networks

A number of hedge funds have recently modified their holdings of AMCX. Raymond James Financial Inc. acquired a new stake in AMC Networks during the second quarter worth about $25,000. Northwestern Mutual Wealth Management Co. lifted its holdings in AMC Networks by 133.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,786 shares of the company’s stock valued at $30,000 after acquiring an additional 2,735 shares during the period. Advisory Services Network LLC purchased a new stake in AMC Networks in the 3rd quarter worth approximately $43,000. State of Wyoming purchased a new stake in AMC Networks in the 2nd quarter worth approximately $51,000. Finally, First Trust Advisors LP acquired a new stake in shares of AMC Networks during the 2nd quarter worth approximately $63,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AMCX. Morgan Stanley set a $7.00 price target on shares of AMC Networks in a report on Thursday, April 30th. Weiss Ratings upgraded shares of AMC Networks from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. Finally, Zacks Research downgraded shares of AMC Networks from a “hold” rating to a “strong sell” rating in a report on Thursday, July 23rd. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, AMC Networks presently has an average rating of “Reduce” and a consensus price target of $8.50.

View Our Latest Research Report on AMC Networks

AMC Networks Company Profile

(Get Free Report)

AMC Networks Inc (NASDAQ: AMCX) is a global entertainment company that specializes in the development, production and distribution of premium content for television and streaming platforms. Headquartered in New York City, the company operates a portfolio of pay television channels in the U.S. and abroad, and offers direct-to-consumer streaming services that feature both original programming and licensed fare. AMC Networks is best known for critically acclaimed series such as “Breaking Bad,” “Mad Men” and “The Walking Dead,” and it continues to invest in new scripted and unscripted content across a range of genres.

The company’s core television networks in the United States include AMC, IFC, Sundance TV and WE tv, while its joint venture with BBC Studios supports BBC America.