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AMC Networks (AMCX)
NASDAQ:AMCX
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AMC Networks (AMCX) AI Stock Analysis

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AMCX

AMC Networks

(NASDAQ:AMCX)

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Neutral 48 (OpenAI - 4o)
Rating:48Neutral
Price Target:
$7.00
▼(-6.91% Downside)
AMC Networks' overall stock score is primarily impacted by its challenging financial performance and valuation concerns. While there is optimism from streaming growth and strategic partnerships, the negative profitability and bearish technical indicators weigh heavily on the score.
Positive Factors
Streaming Revenue Growth
The 14% growth in streaming revenue and subscriber increase highlight AMC Networks' successful pivot towards digital platforms, enhancing long-term revenue potential.
Successful Partnerships
Strategic partnerships with major platforms like Netflix and DirecTV strengthen AMC's distribution network, ensuring broader content reach and stable revenue streams.
Free Cash Flow Growth
Consistent free cash flow growth indicates strong cash generation ability, providing financial flexibility for investment and debt management.
Negative Factors
Decline in Domestic Operations Revenue
The decline in domestic operations revenue, driven by reduced advertising income, poses a challenge to maintaining profitability in traditional media segments.
Challenges in International Operations
The drop in international subscription revenue highlights vulnerabilities in global market strategies, affecting overall revenue stability.
AOI Margin Decline
The significant decline in AOI margin underscores ongoing profitability challenges, impacting the company's ability to invest in growth initiatives.

AMC Networks (AMCX) vs. SPDR S&P 500 ETF (SPY)

AMC Networks Business Overview & Revenue Model

Company DescriptionAMC Networks Inc., an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, Domestic Operations, and International and Other. The Domestic Operations segment operates various national programming networks, including the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV; provides subscription streaming services comprising Acorn TV, Shudder, Sundance Now, ALLBLK, and HIDIVE, as well as AMC+ and other streaming initiatives; and engages in film distribution business under the IFC Films name. This segment also produces and licenses original programming for various programming networks, as well as services the national programming networks. The International and Other segment operates a portfolio of channels under the AMCNI name; and production and comedy venues activities under the Levity name. AMC Networks Inc. was founded in 1980 and is headquartered in New York, New York.
How the Company Makes MoneyAMC Networks generates revenue primarily through three key streams: advertising, subscription fees, and content licensing. The advertising revenue is derived from commercials aired during its cable networks' programming as well as from its streaming services. Subscription fees come from its direct-to-consumer streaming service, AMC+, which offers exclusive content for a monthly fee. Additionally, the company licenses its original programming to third-party platforms and international broadcasters, further enhancing its earnings. Significant partnerships, such as those with cable and satellite providers, also contribute to its revenue by facilitating wider distribution of its channels and content.

AMC Networks Earnings Call Summary

Earnings Call Date:Nov 07, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Feb 13, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted strong streaming growth, successful partnerships, and digital advertising expansion. However, it also noted challenges in domestic and international revenues, particularly in linear operations. The overall sentiment is cautiously optimistic with significant transitions underway.
Q3-2025 Updates
Positive Updates
Record Free Cash Flow and Streaming Growth
AMC Networks delivered another quarter of healthy free cash flow, totaling $42 million, and is on track to achieve $250 million in free cash flow for the full year. Streaming revenue growth accelerated with a 14% increase, offsetting a 13% decline in affiliate revenue.
Successful Partnerships and Expansions
Renewal and expansion of the branded content licensing agreement with Netflix and a long-term distribution agreement with DirecTV, including a bundled ad-supported version of AMC+ in their video packages.
Digital Advertising Growth
Achieved a 40% increase in digital advertising commitments, reflecting meaningful growth in this expanding category.
Successful Programming and International Expansion
Notable achievements include the launch of new series and the highest ever viewership of AMC+. Internationally, AMC has a presence of 33 FAST channels distributed across 22 platforms.
Negative Updates
Decline in Domestic Operations Revenue
Domestic Operations revenue decreased by 8% to $486 million, primarily due to a 17% decrease in advertising revenue from linear ratings declines and lower marketplace pricing.
Challenges in International Operations
International subscription revenue decreased by 6% due to the nonrenewal with Movistar in Spain, impacting overall performance.
AOI Margin Decline
Consolidated AOI declined 28% to $94 million with a 17% margin, pointing to profitability challenges amidst the transition to streaming.
Company Guidance
During AMC Networks' third quarter 2025 earnings call, the company reaffirmed its guidance for the year, projecting approximately $250 million in free cash flow and consolidated revenue of about $2.3 billion. Key metrics from the quarter included a 6% year-over-year decline in consolidated net revenue to $562 million, with domestic operations revenue down 8% to $486 million. Despite challenges in linear advertising, streaming revenue grew by 14%, supported by a 2% increase in streaming subscribers, reaching 10.4 million. The adjusted operating income (AOI) for the quarter was $94 million, with a 17% margin, and adjusted EPS was reported at $0.18 per share. The company highlighted strong performance in its digital advertising commitments, with a 40% increase over the previous quarter, and maintained a focus on premium programming and strategic partnerships to drive long-term growth.

AMC Networks Financial Statement Overview

Summary
AMC Networks faces declining revenues and profitability, evidenced by negative net margins and reduced EBIT margins. The balance sheet shows improved equity and reduced debt, but the negative ROE indicates profitability concerns. Cash flow is a relative strong point with consistent positive free cash flow.
Income Statement
45
Neutral
AMC Networks shows a declining revenue trend with a notable decrease from $3.09B in 2022 to $2.38B in TTM, impacting profitability. Gross Profit Margin stands at 51.36% for TTM, reflecting a decent cost management. However, negative Net Profit Margin at -10.68% in TTM indicates struggles in achieving profitability. EBIT and EBITDA margins have also weakened over time, with TTM EBIT Margin at 0.59% and EBITDA Margin at 36.69%.
Balance Sheet
40
Negative
The balance sheet reflects moderate leverage with a Debt-to-Equity Ratio of 0.15 in TTM, indicating a reduction in debt. Stockholders' Equity has increased to $888.84M, improving the Equity Ratio to 20.52% in TTM. However, the Return on Equity is negative due to net losses, highlighting profitability challenges.
Cash Flow
55
Neutral
Free Cash Flow remains positive with a slight decline in growth, resulting in TTM Free Cash Flow of $271.45M. The Operating Cash Flow to Net Income Ratio is negative due to net losses, but Free Cash Flow to Net Income Ratio is favorable. Cash flow management appears stable despite profitability issues.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue2.35B2.42B2.71B3.10B3.08B2.81B
Gross Profit1.25B1.29B1.29B1.58B1.65B1.41B
EBITDA1.09B979.10M1.46B1.25B1.53B1.49B
Net Income-174.78M-226.55M215.46M7.59M250.60M239.98M
Balance Sheet
Total Assets4.42B4.36B4.97B5.63B5.75B5.25B
Cash, Cash Equivalents and Short-Term Investments866.41M784.65M570.58M930.00M892.22M888.53M
Total Debt111.66M2.43B2.48B2.97B3.03B3.08B
Total Liabilities3.35B3.42B3.71B4.53B4.56B4.29B
Stockholders Equity971.69M855.60M1.05B806.99M851.09M616.80M
Cash Flow
Free Cash Flow281.45M330.84M168.71M137.56M100.90M702.14M
Operating Cash Flow331.76M375.62M203.92M181.83M143.47M748.74M
Investing Cash Flow-50.71M-40.38M-24.32M-39.38M-26.58M-35.16M
Financing Cash Flow-230.53M-110.22M-544.43M-97.11M-84.10M-648.00M

AMC Networks Technical Analysis

Technical Analysis Sentiment
Positive
Last Price7.52
Price Trends
50DMA
7.75
Negative
100DMA
7.06
Positive
200DMA
7.10
Positive
Market Momentum
MACD
-0.07
Positive
RSI
48.71
Neutral
STOCH
29.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMCX, the sentiment is Positive. The current price of 7.52 is above the 20-day moving average (MA) of 7.49, below the 50-day MA of 7.75, and above the 200-day MA of 7.10, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 48.71 is Neutral, neither overbought nor oversold. The STOCH value of 29.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AMCX.

AMC Networks Risk Analysis

AMC Networks disclosed 35 risk factors in its most recent earnings report. AMC Networks reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

AMC Networks Peers Comparison

Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
65
Neutral
$949.29M7.34%-0.98%82.16%
60
Neutral
$48.67B4.58-11.27%4.14%2.83%-41.78%
53
Neutral
$113.24M-5.63%12.98%27.93%
50
Neutral
$1.95B432.48%-930.72%
48
Neutral
$323.64M-17.26%-7.25%-395.48%
45
Neutral
$1.28B9.74%12.29%
41
Neutral
$180.43M-9.03-2.85%75.96%
* Communication Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AMCX
AMC Networks
7.52
-1.04
-12.15%
GAIA
Gaia
4.22
-1.88
-30.82%
SBGI
Sinclair Broadcast
16.41
1.52
10.21%
AMC
AMC Entertainment
2.41
-1.86
-43.56%
LION
Lionsgate Studios
6.87
0.03
0.44%
STRZ
Starz Entertainment Corp
10.31
-0.12
-1.15%

AMC Networks Corporate Events

AMC Networks Inc. Reports Q3 2025 Earnings
Nov 8, 2025

AMC Networks Inc., a prominent player in the entertainment industry, is renowned for its diverse range of television and film content, including popular streaming services such as AMC+ and Acorn TV, as well as its cable networks and film distribution labels.

Business Operations and StrategyPrivate Placements and Financing
AMC Networks Amends Credit Agreement and Repurchases Loans
Neutral
Oct 30, 2025

On October 29, 2025, AMC Networks Inc. amended its credit agreement to extend the maturity date of $111.8 million in commitments under its Revolving Credit Facility to October 29, 2030, or earlier if certain conditions are met. The company also repurchased and retired $165.7 million in term loans, reducing the outstanding principal to approximately $85.6 million, and adjusted its interest coverage ratio requirements.

The most recent analyst rating on (AMCX) stock is a Hold with a $7.50 price target. To see the full list of analyst forecasts on AMC Networks stock, see the AMCX Stock Forecast page.

Executive/Board Changes
AMC Networks Signs New CEO Employment Agreement
Positive
Oct 10, 2025

On October 9, 2025, AMC Networks Inc. entered into a new employment agreement with its CEO, Kristin A. Dolan, effective until December 31, 2028. The agreement outlines her compensation, including a base salary increase, bonus opportunities, and equity awards. It also includes provisions for severance and vesting of awards under various termination scenarios, highlighting the company’s commitment to retaining leadership and ensuring stability in its executive team.

The most recent analyst rating on (AMCX) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on AMC Networks stock, see the AMCX Stock Forecast page.

Executive/Board ChangesRegulatory Filings and Compliance
AMC Networks Faces Audit Committee Vacancy Challenge
Neutral
Aug 15, 2025

On August 10, 2025, Dr. Leonard Tow, an independent director and a key member of AMC Networks‘ Audit Committee, passed away, leaving a vacancy that affected the company’s compliance with Nasdaq’s audit committee composition requirements. AMC Networks has informed Nasdaq of the situation and plans to appoint a new member to the Audit Committee to regain compliance by the end of the cure period, which is set to expire by August 10, 2026, or earlier depending on the timing of the next annual shareholders’ meeting.

The most recent analyst rating on (AMCX) stock is a Sell with a $9.00 price target. To see the full list of analyst forecasts on AMC Networks stock, see the AMCX Stock Forecast page.

AMC Networks’ Earnings Call: Streaming Growth Amid Revenue Challenges
Aug 12, 2025

AMC Networks’ recent earnings call painted a mixed picture, reflecting both optimism and challenges. The company reported robust growth in streaming and content licensing, alongside a positive adjustment in its free cash flow outlook. However, these gains were offset by declines in consolidated revenue, advertising revenue, and operating income. AMC Networks is strategically focusing on programming, partnerships, and profitability to navigate the current market landscape.

AMC Networks Reports Q2 2025 Earnings
Aug 9, 2025

AMC Networks Inc., a prominent player in the entertainment industry, is known for its distinctive TV series and films, catering to a global audience through its diverse streaming services and cable networks. In its second quarter of 2025 earnings report, AMC Networks highlighted a strategic focus on programming, partnerships, and profitability, with notable growth in streaming revenue and content licensing, alongside a robust free cash flow outlook for the year.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Nov 08, 2025