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AMC Networks (AMCX)
NASDAQ:AMCX
Earnings Data
Report Date
May 08, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.23Last Year’s EPS
0.52Same Quarter Last Year
Moderate Sell
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a mix of strong operational and financial progress alongside persistent headwinds in linear affiliate and advertising revenue. Highlights include streaming becoming the largest domestic revenue source, record streaming viewing hours, a substantial free cash flow outperformance ($272M), meaningful debt reduction (nearly $600M gross debt retired), improved liquidity (~$675M) and strategic content/asset moves (full ownership of RLJE assets, launch of AllReality, relaunch of Sundance Now). Lowlights center on continued declines in linear affiliate revenue (‑13%), domestic advertising declines (‑15% year), International subscription pressures (‑8% year) and guidance for lower AOI (~$350M for 2026) and at least $200M free cash flow, reflecting near-term profitability pressure. On balance, the company appears to be successfully executing a transformation toward streaming and cash generation while managing legacy linear decline and ad-market volatility.Company Guidance
Streaming Becomes Largest Domestic Revenue Source
Streaming represented the largest single source of domestic revenue in 2025; streaming revenue grew 12% year-over-year for the full year and 14% in Q4, helping offset linear declines and demonstrating successful reorientation of the revenue mix.
Strong Free Cash Flow Performance
Generated $272,000,000 in free cash flow for 2025, well ahead of the previously increased forecast; company expects at least $200,000,000 of free cash flow in 2026 (minimum target).
Solid Consolidated Results and AOI Conversion
Consolidated revenue was $2,300,000,000 and consolidated adjusted operating income (AOI) was $412,000,000 with an 18% AOI margin; the company converted approximately two-thirds of AOI to cash.
Successful Debt Reduction and Improved Liquidity
Executed transactions that reduced gross debt by almost $600,000,000, captured approximately $140,000,000 of discount, extended key facilities (revolver to 2030) and opened a 2032 maturity window; ended 2025 with ~ $675,000,000 total liquidity (approx. $500,000,000 cash + $175,000,000 undrawn revolver).
Strategic Acquisitions and Simplification
Completed acquisition of Bob Johnson's 17% stake in RLJ Entertainment for $75,000,000 in Q4 to take full ownership of RLJE assets (Acorn TV, ALLBLK, RLJE Films) and secured a substantial investment in Agatha Christie Limited, simplifying ownership and increasing operational clarity.
Content and Programming Momentum
2025 was the most-watched year ever across the company's streaming portfolio by total viewing hours; high-performing titles included Rise of the 49ers (most-watched new AMC original since The Walking Dead spinoff) and Dark Winds (renewed for season 5), which also drove strong AMC+ sign-ups.
Distribution Wins and Bundling Success
Renewed more than one-third of affiliate footprint on favorable terms (including DIRECTV, NCTC, Philo, Eastlink); over 1,100,000 Spectrum TV customers activated the ad-supported AMC+ bundle; Charter reported video subscriber growth linked to bundling, which AMC sees as a positive industry sign.
New and Expanded Streaming Offerings
Launched AllReality (unscripted-focused) and relaunched Sundance Now as a definitive home for independent film; continued growth in HIDIVE anime service and successful Acorn TV originals, supporting targeted-service strategy and subscriber engagement.
AMCX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AMCX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | $7.50 | $7.33 | -2.27% |
Nov 07, 2025 | $7.25 | $7.52 | +3.72% |
Aug 08, 2025 | $6.00 | $6.53 | +8.83% |
May 09, 2025 | $6.19 | $6.33 | +2.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does AMC Networks (AMCX) report earnings?
AMC Networks (AMCX) is schdueled to report earning on May 08, 2026, Before Open (Confirmed).
What is AMC Networks (AMCX) earnings time?
AMC Networks (AMCX) earnings time is at May 08, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AMCX EPS forecast?
AMCX EPS forecast for the fiscal quarter 2026 (Q1) is 0.23.
