AMC Networks (NASDAQ:AMCX) Releases Quarterly Earnings Results, Beats Estimates By $0.63 EPS

AMC Networks (NASDAQ:AMCX) released its quarterly earnings data on Monday. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.63, FiscalAI reports. The business had revenue of $566.07 million for the quarter, compared to analysts’ expectations of $573.28 million. AMC Networks had a negative net margin of 0.88% and a positive return on equity of 3.76%.

Here are the key takeaways from AMC Networks’ conference call:

• Third-quarter consolidated revenue grew 1%, with domestic revenue up 2%. Streaming revenue increased 4% (7% excluding ALLBLK), but subscription revenue fell 2% as affiliate revenue declined 11% and advertising revenue declined 7%.
• Streaming engagement improved: excluding ALLBLK, average viewing hours per active user rose year over year and total hours watched increased double digits sequentially. AMC also highlighted new Netflix licensing and co-production arrangements, and said “Heated Rivalry” became AMC+’s biggest exclusive series launch.
• Management said advertising trends improved sequentially and year over year, supported by digital demand, addressable inventory and political spending; affiliate revenue declines also moderated as new agreements took effect. However, domestic advertising revenue was still down 7%, and international revenue declined 5% amid a softer U.K. ad market.
• AMC maintained its 2026 outlook despite selling ALLBLK: revenue of $2.4 billion–$2.45 billion, adjusted operating income of $410 million–$420 million, and approximately $150 million in free cash flow. The company said ALLBLK was profitable and that it would provide comparable growth rates excluding the service where relevant.
• Third-quarter free cash flow was negative $52 million, including an $85 million payment tied to the $120 million Walking Dead litigation settlement; excluding that payment, free cash flow would have been $33 million. AMC ended the quarter with approximately $1.3 billion in net debt, while domestic adjusted operating income declined primarily due to higher technical and operating expenses.

AMC Networks Stock Performance

Shares of NASDAQ AMCX traded up $0.51 during midday trading on Monday, reaching $8.90. 695,985 shares of the company traded hands, compared to its average volume of 552,311. AMC Networks has a 52 week low of $6.47 and a 52 week high of $12.93. The stock has a 50-day moving average price of $10.76 and a 200 day moving average price of $9.48. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.76 and a quick ratio of 1.76. The company has a market cap of $367.12 million, a price-to-earnings ratio of -10.85 and a beta of 1.55.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Morgan Stanley reduced their target price on shares of AMC Networks from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Thursday, October 15th. Zacks Research lowered shares of AMC Networks from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 10th. Wells Fargo & Company lifted their price target on AMC Networks from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. UBS Group boosted their price objective on AMC Networks from $6.00 to $10.00 and gave the stock a “sell” rating in a research report on Wednesday, August 12th. Finally, Weiss Ratings lowered AMC Networks from a “hold (c-)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Two investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Strong Sell” and an average target price of $10.00.

Insiders Place Their Bets

In related news, CAO Michael Sherin, III sold 10,648 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $12.35, for a total value of $131,502.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.13% of the stock is owned by insiders.

About AMC Networks

AMC Networks Inc is an entertainment company that develops, produces, and distributes television and digital media content. The company’s portfolio includes the AMC, BBC America, IFC, SundanceTV, and WE tv networks, which offer scripted and unscripted programming, films, documentaries, and other entertainment content.

AMC Networks also operates a range of streaming and digital services, including AMC+, Acorn TV, Shudder, ALLBLK, and HIDIVE. These platforms provide on-demand access to original series, films, genre programming, international content, and offerings from the company’s television brands.