AMC Networks extolled some industry conventions – and much of its own library – at a lavish upfront presentation Wednesday night, while also positioning itself as a tech-enabled streaming player. At a time when a range of upfronts and NewFronts players are either ditching in-person shows or scaling them back, the cable and streaming programmer stepped up at New York’s tony Spring Studios in Tribeca. “This year, we wanted to go a little bigger, a little broader and a little more expansive in terms of the pe ...

ARMOUR Residential REIT, Inc. (ARR) invests in residential mortgage-backed securities. The Zacks Consensus Estimate for its current year earnings has been revised 14.4% downward over the last 60 days. Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: AMC Networks Inc. (AMCX) is an entertainment company. The Zacks Consensus Estimate for its current year earnings has been revised 25.1% downward over the last 60 days. ASE Technology Holding Co., Ltd. (ASX) provides a range of semicondu ...

You’ve heard me say it before, when the fundamentals break down and the charts look ugly, it’s time to head for the exits. Today’s Bear of the Day is one of those once-promising names that’s stuck in the quicksand of a rapidly changing media landscape. I’m talking about AMC Networks ((AMCX) and unfortunately, this stock is looking more like reruns of “The Walking Dead” than a fresh new season.AMC Networks, the cable TV player behind hit shows like Breaking Bad, Mad Men, and The Walking Dead, is struggling t ...

NEW YORK, Feb. 19, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP is investigating potential claims against AMC Networks Inc. (“AMC” or the “Company”) (NASDAQ:AMCX). The investigation concerns whether AMC and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices. [LEARN MORE ABOUT THE INVESTIGATION] On February 14, 2025, AMC issued a press release reporting its financial results for the fourth quarter and full year ended Decem ...

NEW YORK, Feb. 18, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  AMC Networks Inc ("AMC" or the "Company") (NASDAQ: AMCX). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether AMC and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On February 14, 2025, AMC issued ...

AMC Networks (NASDAQ: NASDAQ: AMCX ) is a media and entertainment company that is currently trading at all-time lows. The company is facing a heavy debt-load and suffers from cord-cutting trends in their legacy business segment. Since our lastWe write about all kinds of investments, as long as their price is reasonable.Some of our notable coverings:- ADTH 1. First "Buy" covering in September 2023 at $1.24 2. Second "Buy" covering in November 2023 at $1.2 3. ADTH gets acquired for $3.21 per share in June 202 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☑ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2024 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 1-35106 AMC Networks Inc. (Exact name of registrant as specified in its charter) Delaware 27-5403694 (State or other jurisdiction of incorporation ...

Financial Data and Key Metrics Changes - The company achieved consolidated revenue of $2.4 billion for the full year 2024, with a consolidated adjusted operating income (AOI) of $563 million and free cash flow of $331 million [11][34] - For Q4 2024, consolidated revenue was $599 million, with a consolidated operating loss of $254 million, including impairment and restructuring charges [35][34] - The company reported a decrease in consolidated revenue of 6% on an apples-to-apples basis, excluding certain one-time revenues from 2023 [34] Business Line Data and Key Metrics Changes - Domestic operations revenues decreased 9% to $2.1 billion for the full year and decreased 11% to $520 million for Q4 [36] - Subscription revenue decreased 5% for the full year and 4% for Q4, primarily due to linear subscriber declines [36] - Streaming revenue grew by 7% for the year and 8% for the quarter, with a total of 12.4 million streaming subscribers, representing an 8% year-over-year increase [37] Market Data and Key Metrics Changes - International revenues decreased 3% for the full year but increased 2% for Q4, with advertising revenues growing 16% and 12% for the full year and quarter, respectively [41] - Subscription revenues in the international segment declined 11% for the full year and 5% for Q4, attributed to the non-renewal of a distribution agreement in the UK [42] Company Strategy and Development Direction - The company is focused on producing and curating high-quality content while managing its own platforms and maintaining strong relationships with distribution partners [18][58] - The strategy includes expanding access to AMC Plus through partnerships and bundling arrangements, which have driven healthy streaming subscriber additions [17][19] - The company aims to balance investments in programming with profitability, emphasizing the importance of high-quality scripted programming [62] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year guidance for 2024 despite a challenging media environment, highlighting strong free cash flow generation [11][12] - The outlook for 2025 anticipates a decrease in total consolidated revenue of approximately 5%, with expectations of flat subscription revenue and continued streaming growth [48][49] - Management noted the importance of retaining subscribers and leveraging partnerships to enhance engagement and reduce churn [71][76] Other Important Information - The company ended the year with net debt of $1.6 billion and a consolidated net leverage ratio of 2.8 times, with a healthy cash position of approximately $1 billion in total liquidity [43][44] - The company plans to launch an ad-supported version of its Shudder streaming service later in the year [22] Q&A Session Summary Question: Free cash flow outlook in the context of cash spending - Management indicated that the strategy remains focused on balancing programming investments with profitability, with a slight reduction in cash programming spend expected for 2025 due to efficiency improvements and timing of tax credit receivables [61][62][66] Question: Contribution of bundled partnerships and Netflix licensing to streaming growth - Management noted that both bundled partnerships and the Netflix licensing deal contributed to streaming subscriber growth, with expectations of healthy streaming revenue growth driven by price increases and expanded distribution [69][74] Question: Impact of licensing content to Netflix on viewership and linear ad revenue - Management clarified that while the Netflix partnership does not directly correlate with linear ad revenue, there is a positive effect on AMC Plus acquisition as viewers seek new seasons after watching earlier ones on Netflix [88][89] Question: Content licensing strategy and third-party projects - Management stated that the company primarily produces content for its own platforms but remains open to strategic opportunities for third-party production when financially beneficial [91][93]

AMC Networks (AMCX) came out with quarterly earnings of $0.64 per share, missing the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -18.99%. A quarter ago, it was expected that this owner of cable channels including AMC and IFC would post earnings of $0.86 per share when it actually produced earnings of $0.91, delivering a surprise of 5.81%.Over t ...

AMC Networks undershot Wall Street forecasts in the fourth quarter, with advertising continuing to decline in the U.S. and affiliate revenue also hitting a slump. The company reported total revenue of $599 million, down 12% from the same period a year ago, and adjusted earnings per share of 64 cents declined from 72 cents. Wall Street analysts’ consensus outlook was for earnings of $1.05 per share and revenue of $611.3 million. In its domestic operations unit, AMC Networks said subscription revenue fell 4 ...