AMC Networks Inc.
- Open
- 10.17
- Day high
- 10.43
- Day low
- 10.04
- Prev close
- 9.98
- Volume
- 197K
- Mkt cap
- $455M
- P/E (TTM)
- 8.9
- EPS (TTM)
- $1.16
- P/B
- 0.5
- P/S
- 0.2
- Yield
- —
- Per share
- —
AMC Networks Inc. (AMCX) is a Communication Services company listed on NASDAQ. The stock is up 63% over the past year.
AMC Networks Inc. (AMCX) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
AMCX earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 8, 2026 | $0.22 | $0.08 | -63.6% | $542M | +0.3% |
| Feb 11, 2026 | $0.50 | $0.64 | +28.0% | $595M | +8.0% |
| Nov 7, 2025 | $0.31 | $0.18 | -41.9% | $562M | -3.5% |
| Aug 8, 2025 | $0.54 | $0.69 | +27.8% | $600M | +9.4% |
| May 9, 2025 | $0.73 | $0.52 | -28.8% | $555M | -5.4% |
| Feb 14, 2025 | $0.79 | $0.64 | -19.0% | $599M | -2.0% |
| Nov 8, 2024 | $0.86 | $0.91 | +5.8% | $600M | +2.0% |
| Aug 9, 2024 | $1.38 | $1.24 | -10.1% | $626M | +4.1% |
| May 10, 2024 | $1.67 | $1.16 | -30.5% | $596M | -1.0% |
| Feb 9, 2024 | $0.64 | $0.72 | +12.5% | $679M | +0.4% |
| Nov 3, 2023 | $1.28 | $1.85 | +44.5% | $637M | -3.2% |
| Aug 4, 2023 | $1.60 | $2.02 | +26.2% | $679M | -3.9% |
AMCX insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 22, 2026 | DOLAN JAMES LAWRENCEdirector, other: Member of 13(d) Group | Grant | 10,926 | — |
| Jun 18, 2026 | DOLAN THOMAS CHARLESdirector, other: Member of 13(d) Group | Grant | 10,926 | — |
| Jun 18, 2026 | Sweeney Briandirector, other: Trustee of 13(d) Group Member | Grant | 10,926 | — |
| Jun 18, 2026 | Dolan Aidan Jdirector | Grant | 10,926 | — |
| Jun 17, 2026 | Blank Matthewdirector | Grant | 10,926 | — |
| Jun 17, 2026 | Cox Christopher Jamesdirector | Grant | 10,926 | — |
| Jun 17, 2026 | TESE VINCENTdirector | Grant | 10,926 | — |
| Jun 17, 2026 | VOGEL CARL Edirector | Grant | 10,926 | — |
| Jun 17, 2026 | Perelman Debra Goldingdirector | Grant | 10,926 | — |
| Apr 20, 2026 | DOLAN PATRICK FRANCIS10 percent owner, other: Member of 13(d) Group | Option | 71,478 | — |
| Mar 13, 2026 | Dolan Kristin Aofficer: Chief Executive Officer | Grant | 503,778 | — |
| Mar 13, 2026 | McDermott Danofficer: Chief Content Officer | Grant | 100,756 | — |
| Mar 13, 2026 | Romanello Salvatoreofficer: EVP & General Counsel | Grant | 50,378 | — |
| Mar 13, 2026 | Kelleher Kimberlyofficer: President & CCO | Grant | 88,161 | — |
| Mar 13, 2026 | Sherin Michael J. IIIofficer: EVP & Chief Accounting Officer | Grant | 21,411 | — |
Source: AMCX SEC Form 4 filings, latest Jun 22, 2026. For informational purposes only — not investment advice.
See the full AMCX insider & 13F page →AMC Networks Inc. company profile
Overview
AMC Networks Inc. (NASDAQ:AMCX) is a New York-based entertainment company founded in 1980 that owns and operates a diverse portfolio of cable television networks and streaming services. Originally emerging from the cable television industry's expansion, the company has evolved from traditional broadcast programming to become a multi-platform content creator and distributor. AMC Networks has built its reputation around premium scripted content, particularly in the horror, drama, and specialty programming genres, while transitioning toward direct-to-consumer streaming services and digital distribution in recent years.
Business
AMC Networks operates in the entertainment and media industry, functioning as both a content creator and distributor across traditional television and streaming platforms. The company's business is divided into two primary segments that generate distinct revenue streams. The Domestic Operations segment represents approximately 85-90% of total revenue and encompasses the company's flagship cable networks including AMC (known for premium dramas like The Walking Dead franchise), WE tv (targeting African American audiences), BBC AMERICA (British programming), IFC (independent films and comedy), and SundanceTV (art-house and independent content). This segment also operates multiple subscription streaming services: AMC+ (the company's flagship streaming platform), Acorn TV (British television), Shudder (horror content), Sundance Now (independent films), ALLBLK (content for Black audiences), and HIDIVE (anime content). Additionally, the domestic operations include IFC Films, which distributes independent movies theatrically and digitally. The International and Other segment accounts for roughly 10-15% of revenue and operates international channel portfolios under the AMCNI brand, along with production facilities and comedy venues through Levity Entertainment. This segment focuses on distributing AMC's content globally and managing international partnerships. The company has also expanded into Free Ad-Supported Television (FAST) channels, operating approximately 19 FAST channels across 12 different platforms, which represent linear-style programming delivered through streaming platforms with advertising support. These services cater to cord-cutters who want traditional television experiences without subscription fees.
Competitive moat
AMC Networks possesses a moderate competitive moat built primarily around its content franchises and specialized programming expertise, though this moat faces increasing pressure from larger streaming competitors. The company's strongest defensive position lies in its ownership of valuable intellectual property, particularly The Walking Dead universe, which has generated multiple successful spin-off series and maintains strong global recognition. The company's genre specialization strategy creates dedicated audience segments through services like Shudder (horror), Acorn TV (British content), and ALLBLK (content for Black audiences), allowing for more targeted marketing and potentially higher customer loyalty than broad-based streaming services. The company's content creation capabilities and relationships with talent provide some competitive advantages, as evidenced by successful series like "Interview with the Vampire" and various Anne Rice adaptations. AMC's experience in developing and marketing premium scripted content, particularly in horror and drama genres, creates operational expertise that newer entrants may lack. However, AMC's moat is relatively weak compared to larger media conglomerates. The company faces significant competitive threats from well-funded streaming giants like Netflix, Disney+, and Amazon Prime Video, which can outspend AMC on content acquisition and production. These platforms also have greater global reach and marketing resources. Additionally, the fragmentation of the streaming market means consumers are increasingly selective about subscription services, potentially limiting AMC's ability to grow its subscriber base. The decline in traditional cable television also threatens the company's historically stable affiliate revenue streams. While AMC's niche positioning provides some protection, it also limits the company's total addressable market compared to broader entertainment platforms, making long-term growth more challenging in an increasingly competitive landscape.
Risks & safety
AMC Networks presents a moderate margin of safety with solid liquidity but faces structural industry headwinds that create long-term uncertainty. • Liquidity and Solvency: Strong cash position with $870 million in cash and short-term investments, current ratio of 2.26, and positive free cash flow generation ($94 million in Q1 2025, $331 million for full year 2024). Debt-to-equity ratio of 0.15 indicates manageable leverage levels. • Valuation Metrics: Stock appears deeply discounted with P/E ratio of 4.27, price-to-book ratio of 0.35, and trading significantly below historical valuations. EV/EBITDA of negative 0.30 suggests potential undervaluation, though this reflects market skepticism about future prospects. • Cash Generation: Company maintains positive free cash flow despite revenue declines, with management targeting $550 million cumulative free cash flow through 2025. However, this depends on successful execution of streaming strategy and stabilization of advertising markets. • Other Considerations: Revenue declining 5-9% annually due to cord-cutting trends and advertising market weakness. Streaming subscriber growth of 8% provides some offset, but faces intense competition. Content amortization costs create timing mismatches between cash spending and reported earnings. Market cap of approximately $291 million appears low relative to content assets and cash flow generation, but reflects uncertainty about the company's ability to successfully transition from traditional TV to streaming-first business model.
Recent development
Over the past few years, AMC Networks has undergone a significant strategic transformation focused on transitioning from a traditional cable television company to a streaming-centric entertainment platform. The company's "three P's" strategy emphasizes programming, partnerships, and profitability, reflecting a more disciplined approach to content investment and distribution. A major strategic pivot has been the expansion of direct-to-consumer streaming services, with the company growing its subscriber base to 12.4 million across multiple platforms including AMC+, Shudder, Acorn TV, and other specialized services. The company has launched ad-supported versions of its streaming services to capture a broader audience and diversify revenue streams beyond subscription fees. The Netflix partnership represents a significant shift in content licensing strategy, making 15 AMC series available on Netflix to drive audience exposure and potentially attract viewers back to AMC's platforms for new seasons. AMC has also embraced Free Ad-Supported Television (FAST) channels, expanding to 19 channels across 12 platforms to capture cord-cutting audiences who prefer free, ad-supported content. The company has formed strategic distribution partnerships with Charter, Verizon, and other providers to bundle streaming services, making AMC+ more accessible to traditional cable subscribers. On the content front, AMC has doubled down on franchise development, particularly expanding The Walking Dead universe with multiple spin-off series and developing the Anne Rice literary universe across several shows. The company has also focused on operational efficiency, streamlining global media operations through partnerships with Comcast Technology Solutions and consolidating programming teams to reduce costs while maintaining content quality. Recent content successes include "The Walking Dead: The Ones Who Live," which became the most-watched AMC+ series, and continued development of genre-specific programming that differentiates AMC's offerings from broader streaming competitors.
AMCX company profile · for informational purposes only — not investment advice.
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