分组1 - AMC Networks reported quarterly earnings of $0.91 per share, exceeding the Zacks Consensus Estimate of $0.86 per share, but down from $1.85 per share a year ago, representing an earnings surprise of 5.81% [1] - The company posted revenues of $599.61 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.29%, but down from $636.95 million year-over-year [2] - AMC Networks has surpassed consensus EPS estimates two times and revenue estimates three times over the last four quarters [2] 分组2 - The stock has underperformed significantly, losing about 55.6% since the beginning of the year compared to the S&P 500's gain of 25.2% [3] - The current consensus EPS estimate for the coming quarter is $1.28 on revenues of $617.49 million, and for the current fiscal year, it is $4.50 on revenues of $2.44 billion [7] - The Zacks Industry Rank for Broadcast Radio and Television is in the bottom 37% of over 250 Zacks industries, indicating potential challenges for the sector [8]

Financial Performance - Net revenues for Q3 2024 were $600 million, a decrease of 6% year-over-year; excluding $20 million from divested 25/7 Media, the decrease was 3%[5] - Revenues for Q3 2024 were $599.6 million, a decrease of 5.9% from $637.0 million in Q3 2023[32] - Operating income for Q3 2024 was $94 million, with adjusted operating income of $131 million, reflecting a margin of 22%[4][8] - Operating income for Q3 2024 was $93.7 million, down 22.5% from $120.9 million in Q3 2023[32] - Net income attributable to AMC Networks' stockholders for Q3 2024 was $41.4 million, a decline of 34.7% compared to $63.4 million in Q3 2023[32] - Adjusted EPS for Q3 2024 was $0.91, a decrease of 50.8% compared to the prior year[5] - Adjusted Earnings per Diluted Share (Adjusted EPS) for Q3 2024 was $0.76, compared to $1.44 in Q3 2023[32] Revenue Breakdown - Streaming revenues increased by 7% to $152 million, driven by year-over-year subscriber growth and price increases; streaming subscribers rose by 5% to 11.8 million[10][11] - Domestic operations revenues decreased by 2% to $530 million, with subscription revenues down 5% to $316 million[10] - International revenues fell by 24% to $74 million; excluding 25/7 Media revenues, the decrease was 6%[13] - Advertising revenues decreased by 10% to $133 million due to linear ratings declines, partially offset by growth in digital and advanced advertising[12] Cash Flow and Expenses - Free cash flow for the year to date reached $293 million, with Q3 free cash flow at $54 million[4][5] - Free cash flow for the three months ended September 30, 2024, is $53,941, a decrease of 45.5% compared to $99,150 in the same period of 2023[42] - Total operating expenses for Q3 2024 were $506.0 million, a slight decrease from $516.1 million in Q3 2023[32] - Interest expense increased to $45.1 million in Q3 2024 from $38.8 million in Q3 2023[32] - Capital expenditures for the nine months ended September 30, 2024, amount to $24,252, compared to $28,392 in the same period of 2023[42] Debt and Financial Position - Total debt for AMC Networks Inc. as of September 30, 2024, is $2,377,510, with net debt at $1,561,133[40] - The leverage ratio stands at 3.0x, calculated as net debt and finance leases divided by adjusted operating income[40] - The company reported a total of $2,003,760 in senior notes, which includes various maturities due between 2026 and 2029[40] Acquisitions and Strategic Moves - The company completed the acquisition of the remaining 50.1% of BBC America for $42 million, achieving 100% ownership and operational control[16] - AMC Networks operates multiple streaming services and cable networks, focusing on expanding its content offerings and audience engagement[30] Impairment and Charges - The company reported impairment and other charges of $96.8 million for the nine months ended September 30, 2024, compared to $30.3 million for the same period in 2023[32] - The company incurred impairment and other charges of $163,226 for the twelve months ended September 30, 2024[40] - Restructuring and other related charges for the three months ended September 30, 2024, total $3,496[45] Future Outlook - The company expects continued challenges in revenue growth due to market conditions and competition, impacting future performance[28]

NEW YORK, Nov. 08, 2024 (GLOBE NEWSWIRE) -- AMC Networks Inc. ("AMC Networks" or the "Company") (NASDAQ: AMCX) today reported financial results for the third quarter ended September 30, 2024. Chief Executive Officer Kristin Dolan said: "As we manage this business within a complex and changing environment, we remain focused on our key strategic pillars - programming, partnerships and profitability. During the quarter, we made significant advancements across all three areas. We have generated $293 million of ...

AMC Networks (AMCX) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on November 8, 2024, might help the stock move higher if these key numbers are better tha ...

NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- AMC Networks Inc. (NASDAQ: AMCX) will host a conference call to discuss results for the third quarter 2024 on Friday, November 8, 2024 at 10:00 a.m. Eastern Time. AMC Networks will issue a press release reporting its results before the market opening. The conference call will be webcast live via the company’s website at investors.amcnetworks.com. To access the conference call via telephone, please pre-register for the call to obtain the dial-in number and a passco ...

Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMCX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. We also hold a significant position in AMCX' public bond. This article is purely educational. Do your own research. Any communication from thi ...

Group 1 - The article introduces Eli Gooch as a new contributing analyst for Seeking Alpha, encouraging others to share their investment ideas for publication and potential earnings [1] - The focus is on identifying value in the market, particularly in small-cap stocks that offer asymmetric upside and sustainable high dividend yields [2] - The analyst emphasizes the importance of insider buying, high insider ownership, and a history of free cash flow growth as key factors in evaluating businesses [2] Group 2 - The analyst expresses a preference for long-term investments, aiming for superior returns during market downturns while being comfortable with matching market returns in bull runs [2] - The article highlights the analyst's educational background in Economics and Finance, which supports their investment strategy [2] - There is a disclosure of a beneficial long position in AMCX shares, indicating a personal investment interest in the company [3]

Investors in AMC Networks Inc. (AMCX) need to pay close attention to the stock based on moves in the options market lately. That is because the Dec 20, 2024 $5 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also me ...

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, 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. (NASDAQ:AMCX) Q2 2024 Earnings Conference Call August 9, 2024 8:30 AM ET Company Participants Nicholas Seibert - Vice President of Corporate Development & Investor Relations Kristin Dolan - Chief Executive Officer Patrick O’Connell - Chief Financial Officer Dan McDermott - President of Entertainment and AMC Studios Kimberly Kelleher - Chief Commercial Officer Conference Call Participants Thomas Yeh - Morgan Stanley David Joyce - Seaport Research Partners Steven Cahall - Wells Fargo Operato ...