AMC Networks (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. SinceWe 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 2024- LUMN 1. First ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2025 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) Nevada 27-5403694 (State or other jurisdiction of incorporatio ...

AMC Networks‘ second-quarter results Friday illustrated the ongoing challenge of running cable networks, but don’t expect the company to join rivals looking to sell or spin off the assets. CFO Patrick McConnell told Wall Street analysts on an earnings call that new operations like Versant, which is separating from Comcast, and Warner Bros. Discovery’s pending spinoff “are cable businesses at their core.” AMC Networks, he said, is “very different” from those rivals, in part because streaming will comprise t ...

Core Insights - AMC Networks is actively pursuing AI integration through a partnership with Runway, emphasizing that this initiative is a technology play rather than a threat to intellectual property or creative partnerships [1][3] - The entertainment industry is navigating the complexities of AI adoption amid union sensitivities, with AMC Networks being more open about its AI strategies compared to other media companies [2] Group 1: AI Integration and Strategy - The partnership with Runway aims to enhance creative processes, allowing teams to visualize ideas and reduce costs in production, particularly in post-production for the 30 to 50 episodes produced annually [3][4] - AMC Networks positions itself as an early adopter of AI technologies, leveraging them to support showrunners and improve the ideation process [3][4] Group 2: Industry Context and Reactions - The use of AI in Hollywood has been contentious, especially following the 2023 strikes, with companies like Disney and NBCUniversal taking legal action against AI firms for alleged misuse of proprietary content [2] - Proponents of AI argue that it can enhance the quality of films and series while also creating new job opportunities, despite concerns about job displacement [1][2]

Financial Data and Key Metrics Changes - The company reported a second quarter consolidated net revenue decline of 4% year over year to $600 million, with foreign exchange rates providing a 60 basis point tailwind to revenue growth [20][21] - Consolidated AOI decreased by 28% to $109 million, with an 18% margin, and adjusted EPS was $0.69 per share [20][21] - Free cash flow for the second quarter totaled $96 million, leading to an increased full-year free cash flow outlook of approximately $250 million [6][20] Business Line Data and Key Metrics Changes - Domestic operations revenue decreased by 2% to $527 million, with subscription revenue down 1% due to a 12% decline in affiliate revenue, partially offset by a 12% growth in streaming revenue [21] - Streaming subscribers grew by 2% year over year, ending the quarter with 10.4 million subscribers [21] - Content licensing revenue for the quarter was $84 million, reflecting the timing and availability of deliveries [23] Market Data and Key Metrics Changes - International revenues for the second quarter were $76 million, with subscription revenue excluding foreign exchange decreasing by 9% due to a non-renewal with Movistar in Spain [25] - Advertising revenue in domestic operations decreased by 18% year over year due to linear rating declines and lower marketplace pricing [22] Company Strategy and Development Direction - The company continues to focus on programming, partnerships, and profitability, aiming to build and grow fan communities around high-quality content [6][7] - The strategy includes expanding targeted streaming services and leveraging fan engagement to drive viewership and subscriptions [8][10] - The company is adapting its success in FAST channels internationally, with plans to launch additional channels in various markets [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to drive free cash flow and maintain a strong balance sheet while navigating a challenging media landscape [30][31] - The company anticipates that the third quarter will represent the lowest licensing revenue quarter for the year, with a recovery expected in the fourth quarter [23][29] - Management highlighted the importance of cash tax savings and programming efficiencies in improving free cash flow guidance [36][38] Other Important Information - The company has reduced gross debt by over $400 million this year, including the retirement of $699 million of unsecured senior notes at a significant discount [26][27] - The company is exploring the use of generative AI in marketing and programming development through a partnership with Runway [16][17] Q&A Session Summary Question: Can you elaborate on the source of the free cash flow upside? - Management indicated that the largest factor for the increase in free cash flow guidance is cash tax savings, with modest savings across programming also contributing [36][38] Question: How do you view the trends in advertising and affiliate revenue? - Management noted strong performance in content licensing, with some weakness in advertising, but maintained confidence in affiliate relationships [39][41] Question: Can you provide details on the Runway partnership? - The partnership with Runway is aimed at facilitating creative work, allowing teams to visualize ideas and enhance production efficiency without integrating IP [43][45] Question: What are the expectations for subscription revenue growth? - Management expressed optimism about sustainable subscription revenue growth, particularly in streaming, with recent programming resonating well with audiences [51][52] Question: How is the company thinking about capital allocation and potential splits of assets? - Management emphasized a consistent capital allocation philosophy focused on content investment and debt reduction, while recognizing the value of the company's diverse assets [77][82]

Group 1: Earnings Performance - AMC Networks reported quarterly earnings of $0.69 per share, exceeding the Zacks Consensus Estimate of $0.54 per share, but down from $1.24 per share a year ago, representing an earnings surprise of +27.78% [1] - The company posted revenues of $600.02 million for the quarter, surpassing the Zacks Consensus Estimate by 2.39%, but down from $625.93 million year-over-year [2] - Over the last four quarters, AMC Networks has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Group 2: Stock Performance and Outlook - AMC Networks shares have declined approximately 39.4% since the beginning of the year, contrasting with the S&P 500's gain of 7.8% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to those expectations [4] - The current consensus EPS estimate for the upcoming quarter is $0.70 on revenues of $573.64 million, and for the current fiscal year, it is $2.64 on revenues of $2.29 billion [7] Group 3: Industry Context - The Broadcast Radio and Television industry, to which AMC Networks belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact AMC Networks' stock performance [5][6]

Amc Networks (AMCX 1.35%), a content company known for franchises like The Walking Dead and a focus on targeted streaming services, released its second-quarter fiscal 2025 results on August 8, 2025. GAAP revenue was $600 million, outperforming analyst expectations of $582.37 million. Adjusted earnings per share (EPS, Non-GAAP) were $0.69, also beating projections of $0.61. Adjusted operating income dropped sharply, and adjusted EPS decreased 44.4% to $0.69 for the three months ended June 30, compared to $1. ...

AMC NETWORKS INC. REPORTS SECOND QUARTER 2025 RESULTS New York, NY – August 8, 2025: AMC Networks Inc. ("AMC Networks" or the "Company") (NASDAQ: AMCX) today reported financial results for the second quarter ended June 30, 2025. Chief Executive Officer Kristin Dolan said: "We are executing our clear strategic plan focused on programming, partnerships and profitability. We remain committed to delivering high-quality and distinctive series and films to our engaged fans across all platforms, including the best ...

NEW YORK, Aug. 08, 2025 (GLOBE NEWSWIRE) -- AMC Networks Inc. ("AMC Networks" or the "Company") (NASDAQ: AMCX) today reported financial results for the second quarter ended June 30, 2025. Chief Executive Officer Kristin Dolan said: "We are executing our clear strategic plan focused on programming, partnerships and profitability. We remain committed to delivering high-quality and distinctive series and films to our engaged fans across all platforms, including the best collection of targeted streaming service ...

Core Points - AMC Networks Inc. will host a conference call to discuss its second quarter 2025 results on August 8, 2025, at 8:30 a.m. Eastern Time [1] - A press release with the results will be issued before the market opens on the same day [1] - The conference call will be available via live webcast on the company's investor relations website [1] Company Overview - AMC Networks is a prominent player in the television and film industry, known for creating and curating celebrated series and films [3] - The company operates various streaming services, including AMC+, Acorn TV, Shudder, Sundance Now, ALLBLK, and HIDIVE, as well as cable networks like AMC, BBC AMERICA, IFC, SundanceTV, and We TV [3] - AMC Networks also has an in-house studio, AMC Studios, which produces original franchises such as The Walking Dead Universe and the Anne Rice Immortal Universe [3]