AMC Networks (NASDAQ:AMCX – Get Free Report) issued its quarterly earnings results on Monday. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.63, FiscalAI reports. The business had revenue of $566.07 million for the quarter, compared to analyst estimates of $573.28 million. AMC Networks had a negative net margin of 0.88% and a positive return on equity of 3.76%.
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
Shares of AMCX traded up $0.51 during mid-day trading on Monday, reaching $8.90. The company had a trading volume of 695,985 shares, compared to its average volume of 552,311. AMC Networks has a 52-week low of $6.47 and a 52-week high of $12.93. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $367.12 million, a P/E ratio of -10.85 and a beta of 1.55. The stock has a 50 day moving average of $10.76 and a two-hundred day moving average of $9.48.
Insiders Place Their Bets
In related news, CAO Michael Sherin, III sold 10,648 shares of AMC Networks 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 16.13% of the company’s stock.
Wall Street Analysts Forecast Growth
AMCX has been the topic of several research reports. Weiss Ratings downgraded AMC Networks from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. Zacks Research cut AMC Networks from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 10th. Morgan Stanley dropped their price target on AMC Networks from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Thursday, October 15th. Wells Fargo & Company boosted their price target on AMC Networks from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Finally, UBS Group increased 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 investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Sell” and a consensus target price of $10.00.
Check Out Our Latest Report on AMCX
About AMC Networks
AMC Networks Inc is an entertainment company that develops, produces, and distributes television and digital media content. The company’s portfolio includes the AMC, BBC America, IFC, SundanceTV, and WE tv networks, which offer scripted and unscripted programming, films, documentaries, and other entertainment content.
AMC Networks also operates a range of streaming and digital services, including AMC+, Acorn TV, Shudder, ALLBLK, and HIDIVE. These platforms provide on-demand access to original series, films, genre programming, international content, and offerings from the company’s television brands.
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