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

AMC Networks (NASDAQ:AMCX) posted its quarterly earnings data on Monday. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.63, FiscalAI reports. AMC Networks had a negative net margin of 0.88% and a positive return on equity of 3.76%. The business had revenue of $566.07 million for the quarter, compared to analyst estimates of $573.28 million. During the same quarter last year, the business earned $0.18 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis.

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 Up 6.1%

Shares of AMC Networks stock opened at $8.90 on Tuesday. AMC Networks has a 12-month low of $6.47 and a 12-month high of $12.93. The firm has a market capitalization of $367.12 million, a PE ratio of -10.85 and a beta of 1.55. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 1.76. The stock’s fifty day moving average is $10.69 and its 200-day moving average is $9.49.

Analyst Ratings Changes

AMCX has been the subject of a number of research analyst reports. UBS Group upped their target price on AMC Networks from $6.00 to $10.00 and gave the stock a “sell” rating in a research report on Wednesday, August 12th. Morgan Stanley lowered their price target on AMC Networks from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Thursday, October 15th. Zacks Research downgraded AMC Networks from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of AMC Networks in a research note on Wednesday, November 4th. Finally, Wells Fargo & Company upped their price objective on AMC Networks from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, AMC Networks currently has a consensus rating of “Strong Sell” and an average price target of $10.00.

Insider Buying and Selling at AMC Networks

In related news, CAO Michael Sherin, III sold 10,648 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $12.35, for a total value of $131,502.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 16.13% of the stock is owned by company insiders.

AMC Networks Company Profile

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.