Core Insights - AMC Networks reported a 7% decline in total revenue year-over-year, amounting to $555.2 million, with adjusted earnings per share at 52 cents, significantly lower than the previous year's quarter [1] Financial Performance - The company's advertising revenue fell 15% to $119 million, while affiliate revenue decreased by 12% to $156 million, attributed to basic subscriber declines and contractual rate decreases [4] - Content licensing revenue dropped 13% to $54 million, influenced by tough comparisons with the previous year when there was a boost from the sale of rights to "Killing Eve" [5] Streaming Metrics - AMC Networks' streaming subscriber count remained flat at 10.2 million compared to the same period last year, and decreased slightly from 10.4 million in the previous quarter [2] - The company has revised its method of counting streaming subscribers, excluding those from pay-TV or broadband bundles, which may have impacted the reported subscriber numbers [2] - Despite the downturn in subscribers, the company noted improvements in retention and viewing hours per subscriber, indicating a focus on higher-quality customers [3] Stock Performance - Shares of AMC Networks have declined by 37% in 2025, trading at $6.19, close to all-time lows [5]

Financial Performance - Net revenues for the first quarter of 2025 were $555.2 million, a decrease of 6.9% compared to $596.5 million in the same period of 2024[4] - Operating income fell to $64.2 million, down 41.7% from $110.2 million year-over-year[4] - Adjusted operating income was $104.5 million, representing a 29.9% decline from $149.1 million in the prior year[4] - Diluted earnings per share (EPS) decreased by 67.0% to $0.34, while adjusted EPS fell 55.2% to $0.52[4] - Free cash flow for the quarter was $94.2 million, down 34.7% from $144.1 million in Q1 2024[4] - Net income attributable to AMC Networks' stockholders was $18,049, a decline of 60.6% from $45,803 in Q1 2024[30] - Basic net income per share decreased to $0.40, down from $1.04 in the prior year[30] - For the three months ended March 31, 2025, the company reported a net income of $(15.336) million, resulting in a diluted EPS of $0.34[43] - Adjusted results for the same period showed an increase in net income to $29.224 million, with an adjusted diluted EPS of $0.52[43] - In comparison, for the three months ended March 31, 2024, the company reported a net income of $(23.649) million, with a diluted EPS of $1.03[44] - The adjusted results for Q1 2024 indicated a net income of $51.524 million, leading to an adjusted diluted EPS of $1.16[44] Revenue Breakdown - Streaming revenues increased by 8% to $157 million, while domestic operations revenues decreased by 7% to $486.3 million[5][8] - International revenues decreased by 7.5% to $69.9 million, with subscription revenues down 12% to $45 million due to a non-renewed distribution agreement in Spain[7][9] Cash Flow and Debt - Free cash flow for Q1 2025 was $94,185, compared to $144,149 in Q1 2024, reflecting a decrease of 34.7%[39] - Cash and cash equivalents increased to $870,229, up from $784,649 at the end of 2024[33] - Total debt as of March 31, 2025, was $2,361,260, with net debt at $1,491,031[35] - The company reported a leverage ratio of 2.9x as of March 31, 2025[35] - AMC Networks is in compliance with all financial covenants under its credit facility as of March 31, 2025[37] Restructuring and Costs - Restructuring initiatives included cash payments of $5.4 million for severance and employee-related costs for Q1 2025, compared to $3.5 million in Q1 2024[40] - The company incurred $0.4 million in content impairments and other exit costs for Q1 2025, while it was $1.3 million for Q1 2024[40] - Amortization of acquisition-related intangible assets for Q1 2025 was $7.795 million, down from $8.556 million in Q1 2024[43][44] - The company is focusing on restructuring and other related charges, which amounted to $4.790 million in Q1 2025[43] Strategic Initiatives - The company launched ad-supported AMC+ for Spectrum TV Select customers and expanded its FAST channels business with a new channel, Acorn TV Mysteries[5]

Core Viewpoint - AMC Networks Inc. reported a decline in financial performance for the first quarter of 2025, with significant decreases in net revenues, operating income, and earnings per share, while maintaining a focus on expanding its streaming services and content offerings [2][5][6]. Financial Highlights - Net revenues for Q1 2025 were $555.2 million, down 6.9% from $596.5 million in Q1 2024 [5]. - Operating income decreased by 41.7% to $64.2 million from $110.2 million year-over-year [5]. - Adjusted operating income fell 29.9% to $104.5 million compared to $149.1 million in the previous year [5]. - Diluted earnings per share (EPS) dropped 67.0% to $0.34 from $1.03, while adjusted EPS decreased 55.2% to $0.52 from $1.16 [5]. - Free cash flow was reported at $94.2 million, a decline of 34.7% from $144.1 million in Q1 2024 [5]. Operational Highlights - The company launched ad-supported AMC+ for Charter customers and expanded its FAST channels business [6]. - "Dark Winds" returned for its third season with approximately 2.2 million viewers on premiere night, leading to increased AMC+ subscriber acquisition [6]. - The Anne Rice Immortal Universe continues to gain momentum with new series launches and renewals [6]. - AMC Networks is enhancing its advertising opportunities, particularly in the horror genre, with the upcoming ad-supported launch of Shudder [6]. Segment Results - Domestic operations reported net revenues of $524.2 million, a decrease of 7.2% from $486.3 million in Q1 2024 [7]. - International segment revenues were $75.6 million, down 7.5% from $69.9 million year-over-year [8]. - Subscription revenues in domestic operations decreased by 3% to $313 million, while streaming revenues increased by 8% to $157 million [9]. Changes in Subscriber Reporting - The company updated its definition of "streaming subscribers" to include only those who register on an a la carte basis, resulting in a slight decline in reported subscribers to 10.2 million as of March 31, 2025, compared to 10.4 million at the end of 2024 [9][11]. Stock Repurchase Program - The Board of Directors authorized a stock repurchase program of up to $1.5 billion, with $135 million remaining for repurchase as of March 31, 2025 [18].

Group 1 - AMC Networks (AMCX) is projected to announce quarterly earnings of $0.73 per share, reflecting a decline of 37.1% year over year [1] - Revenues are expected to reach $573.03 million, a decrease of 3.9% from the same quarter last year [1] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating analysts have reassessed their initial estimates [1][2] Group 2 - Domestic Operations revenues are projected to be $502.98 million, indicating a year-over-year change of -4.1% [4] - Revenues from International and Other operations are expected to reach $72.88 million, reflecting a year-over-year decline of 3.6% [4] - Adjusted Operating Income for Domestic Operations is estimated at $125.72 million, down from $162.32 million a year ago [5] Group 3 - Adjusted Operating Income for International and Other operations is projected to be $13.64 million, slightly up from $13.40 million reported in the same quarter last year [5] - AMC Networks shares have shown returns of +8% over the past month, compared to the S&P 500 composite's +11.3% change [6] - AMC Networks holds a Zacks Rank 4 (Sell), suggesting it may lag behind overall market performance in the near future [6]

Core Viewpoint - AMC Networks Inc. will host a conference call on May 9, 2025, to discuss its first quarter 2025 results, with a press release to be issued before market opening [1]. Group 1: Conference Call Details - The conference call will take place at 8:30 a.m. Eastern Time [1]. - Pre-registration is required to access the conference call via telephone, with instructions available on the company's investor relations website [2]. - Internet replays of the call will be accessible approximately two hours after the call concludes [2]. Group 2: Company Overview - AMC Networks is a prominent player in the TV and film industry, known for creating and curating celebrated series and films [3]. - The company's portfolio includes various streaming services such as 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 operates its in-house studio, AMC Studios, which is responsible for original franchises like The Walking Dead Universe and the Anne Rice Immortal Universe [3].

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 ...