AMC Networks (AMCX)
Market Price (12/24/2025): $9.785 | Market Cap: $431.9 MilSector: Communication Services | Industry: Movies & Entertainment
AMC Networks (AMCX)
Market Price (12/24/2025): $9.785Market Cap: $431.9 MilSector: Communication ServicesIndustry: Movies & Entertainment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12% | Weak multi-year price returns2Y Excs Rtn is -97%, 3Y Excs Rtn is -121% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 296% |
| Attractive yieldFCF Yield is 62% | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -7.4%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.3%, Rev Chg QQuarterly Revenue Change % is -6.3% |
| Low stock price volatilityVol 12M is 49% | Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 56% | |
| Megatrend and thematic driversMegatrends include Digital Content & Streaming. Themes include Video Streaming. | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -36% | |
| Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 15.62 | ||
| Key risksAMCX key risks include [1] a substantial debt load creating financial pressure and [2] heavy reliance on a few key content franchises. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12% |
| Attractive yieldFCF Yield is 62% |
| Low stock price volatilityVol 12M is 49% |
| Megatrend and thematic driversMegatrends include Digital Content & Streaming. Themes include Video Streaming. |
| Weak multi-year price returns2Y Excs Rtn is -97%, 3Y Excs Rtn is -121% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 296% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -7.4%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.3%, Rev Chg QQuarterly Revenue Change % is -6.3% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 56% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -36% |
| Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 15.62 |
| Key risksAMCX key risks include [1] a substantial debt load creating financial pressure and [2] heavy reliance on a few key content franchises. |
Why The Stock Moved
Qualitative Assessment
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1. Strong Free Cash Flow Outlook for 2025.AMC Networks significantly increased its free cash flow outlook for the full year 2025 to approximately $250 million, a positive financial indicator reported in both its second and third-quarter 2025 earnings. This upward revision signaled improved financial health and operational efficiency, contributing to investor confidence.
2. Strategic Debt Management and Refinancing Efforts.
The company undertook substantial financing transactions, including the issuance of new senior secured notes and a tender offer for existing senior notes, which led to a reduction in gross debt by approximately $400 million since March 31, 2025. These actions aimed at strengthening the balance sheet and managing debt maturities were viewed favorably by investors.
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Stock Movement Drivers
Fundamental Drivers
The 23.5% change in AMCX stock from 9/23/2025 to 12/23/2025 was primarily driven by a 23.4% change in the company's P/S Multiple.| 9232025 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 7.93 | 9.79 | 23.46% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2354.18 | 2316.30 | -1.61% |
| P/S Multiple | 0.15 | 0.19 | 23.43% |
| Shares Outstanding (Mil) | 44.87 | 44.14 | 1.63% |
| Cumulative Contribution | 23.42% |
Market Drivers
9/23/2025 to 12/23/2025| Return | Correlation | |
|---|---|---|
| AMCX | 23.5% | |
| Market (SPY) | 3.7% | 36.2% |
| Sector (XLC) | -0.9% | 31.9% |
Fundamental Drivers
The 63.4% change in AMCX stock from 6/24/2025 to 12/23/2025 was primarily driven by a 65.4% change in the company's P/S Multiple.| 6242025 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 5.99 | 9.79 | 63.44% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2380.09 | 2316.30 | -2.68% |
| P/S Multiple | 0.11 | 0.19 | 65.37% |
| Shares Outstanding (Mil) | 44.82 | 44.14 | 1.53% |
| Cumulative Contribution | 63.40% |
Market Drivers
6/24/2025 to 12/23/2025| Return | Correlation | |
|---|---|---|
| AMCX | 63.4% | |
| Market (SPY) | 13.7% | 38.4% |
| Sector (XLC) | 11.9% | 46.9% |
Fundamental Drivers
The 4.7% change in AMCX stock from 12/23/2024 to 12/23/2025 was primarily driven by a 11.9% change in the company's P/S Multiple.| 12232024 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 9.35 | 9.79 | 4.71% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2500.86 | 2316.30 | -7.38% |
| P/S Multiple | 0.17 | 0.19 | 11.85% |
| Shares Outstanding (Mil) | 44.61 | 44.14 | 1.06% |
| Cumulative Contribution | 4.69% |
Market Drivers
12/23/2024 to 12/23/2025| Return | Correlation | |
|---|---|---|
| AMCX | 4.7% | |
| Market (SPY) | 16.7% | 37.2% |
| Sector (XLC) | 20.6% | 41.1% |
Fundamental Drivers
The -37.0% change in AMCX stock from 12/24/2022 to 12/23/2025 was primarily driven by a -21.1% change in the company's Total Revenues ($ Mil).| 12242022 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 15.55 | 9.79 | -37.04% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2935.73 | 2316.30 | -21.10% |
| P/S Multiple | 0.23 | 0.19 | -18.55% |
| Shares Outstanding (Mil) | 43.24 | 44.14 | -2.08% |
| Cumulative Contribution | -37.07% |
Market Drivers
12/24/2023 to 12/23/2025| Return | Correlation | |
|---|---|---|
| AMCX | -46.4% | |
| Market (SPY) | 48.4% | 23.2% |
| Sector (XLC) | 64.9% | 27.7% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AMCX Return | -9% | -4% | -55% | 20% | -47% | -3% | -76% |
| Peers Return | 41% | -3% | -48% | 48% | 22% | 52% | 96% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 17% | 114% |
Monthly Win Rates [3] | |||||||
| AMCX Win Rate | 42% | 33% | 33% | 75% | 33% | 42% | |
| Peers Win Rate | 58% | 47% | 37% | 55% | 58% | 63% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| AMCX Max Drawdown | -48% | -6% | -58% | -36% | -61% | -44% | |
| Peers Max Drawdown | -35% | -17% | -56% | -1% | -21% | -18% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: WBD, FOXA, CMCSA, NFLX, ROKU. See AMCX Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/23/2025 (YTD)
How Low Can It Go
| Event | AMCX | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -87.2% | -25.4% |
| % Gain to Breakeven | 679.3% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -51.4% | -33.9% |
| % Gain to Breakeven | 105.8% | 51.3% |
| Time to Breakeven | 286 days | 148 days |
| 2018 Correction | ||
| % Loss | -47.1% | -19.8% |
| % Gain to Breakeven | 88.9% | 24.7% |
| Time to Breakeven | 447 days | 120 days |
Compare to DIS, SBGI, GTN, DCR, INHI
In The Past
AMC Networks's stock fell -87.2% during the 2022 Inflation Shock from a high on 3/12/2021. A -87.2% loss requires a 679.3% gain to breakeven.
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AMC 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.
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- A smaller version of Warner Bros. Discovery or Paramount Global.
- Like an HBO or FX that has expanded into its own portfolio of specialized streaming services such as Shudder for horror and Acorn TV for British dramas.
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Here are the major products and services of AMC Networks:- Cable Television Networks: Provides linear broadcast television programming through a portfolio of popular cable channels, including AMC, BBC America, IFC, SundanceTV, and WE tv.
- Streaming Services: Offers subscription video-on-demand (SVOD) services, such as AMC+, Shudder, Acorn TV, SundanceNow, and ALLBLK, providing on-demand access to a diverse library of content.
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AMC Networks (symbol: AMCX) primarily sells its linear television channels (such as AMC, BBC America, IFC, SundanceTV, and WE tv) to other companies known as multichannel video programming distributors (MVPDs) and virtual MVPDs (vMVPDs). These distributors pay affiliate fees to AMC Networks to carry its channels and make them available to their subscribers.
Its major customer companies include:
- Comcast Corporation (CMCSA) - Operates Xfinity cable television services.
- Charter Communications, Inc. (CHTR) - Operates Spectrum cable television services.
- DISH Network Corporation (DISH) - Operates DISH satellite television services and Sling TV, a virtual MVPD.
- Alphabet Inc. (GOOGL) - Owns and operates YouTube TV, a virtual MVPD.
- The Walt Disney Company (DIS) - Owns a majority stake in Hulu + Live TV, a virtual MVPD.
While AMC Networks also sells directly to individuals through its streaming services (e.g., AMC+, Shudder, Acorn TV), its traditional linear network business, which generates a significant portion of its revenue, relies on these large distributor companies.
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- BBC Studios
- Akamai Technologies (AKAM)
- Nielsen (NLSN)
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Kristin Dolan, Chief Executive Officer
Kristin Dolan has served as the Chief Executive Officer of AMC Networks since February 2023. She is a seasoned executive with over 30 years of experience in media and entertainment. Prior to her current role, Ms. Dolan founded 605, an audience measurement and data analytics firm, in 2016 and served as its CEO, leading all day-to-day business operations. 605 was later sold to iSpot.tv in 2023. Before founding 605, she spent 16 years in various operating roles at Cablevision Systems Corporation, including Chief Operating Officer, where she oversaw all aspects of the company's cable operations and more than 10,000 employees. Ms. Dolan was a key member of the leadership team that managed Cablevision's $17.7 billion sale to Altice USA in 2016. She began her career at AMC Networks (then Rainbow Media) in 1989 in affiliate marketing and distribution.
Patrick O'Connell, Executive Vice President and Chief Financial Officer
Patrick O'Connell has been the Executive Vice President and Chief Financial Officer of AMC Networks since August 2022, responsible for overseeing financial operations, investor relations, treasury, tax, accounting, and financial planning & analysis. Before joining AMC Networks, he was Chief Strategy Officer of the Branded Group from March 2021 to July 2022. Prior to that, he served as Executive Vice President, Head of Corporate Development at CBS Corporation from March 2017 to January 2020, where he led significant transactions, including the merger between CBS and Viacom and the divestiture of CBS Radio. Mr. O'Connell spent 14 years as a Managing Director in the Investment Banking Division's Telecom, Media & Technology (TMT) Group at Goldman Sachs & Co., where he advised on strategic transactions such as mergers, acquisitions, spin-offs, and IPOs. He started his career as an auditor at PricewaterhouseCoopers (PwC) in 1996. He holds an MBA from The Wharton School at the University of Pennsylvania.
Dan McDermott, President, Entertainment & AMC Studios
Dan McDermott has served as the President of Entertainment & AMC Studios since April 2020. In this role, he oversees original programming, production, AMC Studios operations, business affairs, acquisitions, scheduling, and consumer public relations functions. Before joining AMC Networks, Mr. McDermott was the head of the Lionsgate and BBC Studios scripted TV partnership. His career also includes experience as a producer, writer, and partner in Di Bonaventura Pictures Television. For nearly a decade, he was the first president of television at DreamWorks, where he oversaw acclaimed shows like *Spin City* and *Freaks and Geeks*. Additionally, he held various roles at the Fox Broadcasting Network, contributing to the development and oversight of series such as *In Living Color*, *Melrose Place*, *The X-Files*, and *The Simpsons*.
Kim Kelleher, Chief Commercial Officer
Kim Kelleher is the Chief Commercial Officer for AMC Networks, responsible for all commercial revenue across the company's portfolio. She joined the company in 2019. Prior to her role at AMC Networks, Ms. Kelleher held various positions, including Chief Business Officer of GQ, GQ Style, Golf Digest, Golf World, Pitchfork, and Wired Media Group.
James Gallagher, Executive Vice President and General Counsel
James Gallagher is the Executive Vice President and General Counsel of AMC Networks, a position he has held since joining the company in 2008. He is responsible for all legal matters at the corporate level and across the entertainment businesses, including securities, governance, corporate transactions, litigation, and compliance. Mr. Gallagher is set to retire at the end of 2024. During his tenure, he played a crucial role in significant company milestones, such as AMC Networks going public in 2011, the creation of AMC Studios, and the establishment of its targeted streaming portfolio. Before AMC Networks, he served as executive vice president and general counsel for Tommy Hilfiger Corporation, and spent six years as executive vice president and general counsel at HSN (Home Shopping Network). He also served for eight years as group counsel at American Express Travel Related Services and began his career as an associate at Kelley Drye & Warren.
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The key risks to AMC Networks' business (AMCX) are primarily driven by industry-wide shifts and the company's financial structure:
- Cord-Cutting and Decline of Linear TV: AMC Networks faces significant challenges from the ongoing trend of "cord-cutting," where consumers cancel traditional television subscriptions in favor of streaming services. This trend has led to declining non-streaming subscription revenues and overall revenue decreases for the company's legacy linear TV business.
- Heavy Debt Load and Financial Pressures: The company carries a substantial debt load, which has contributed to market pessimism and concerns about potential bankruptcy. Rising interest expenses have negatively impacted AMC Networks' financial performance since 2022, and there is a risk of future dilution from convertible bonds and refinancing debt at higher interest rates.
- Reliance on Key Content Franchises: AMC Networks' business is heavily reliant on a few major shows and franchises, notably "The Walking Dead" and its spin-offs. A decrease in interest or viewership for these core properties could lead to significant declines in revenue, particularly from content licensing.
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- Accelerated Decline of the Linear Television Ecosystem: The ongoing and accelerating trend of cord-cutting and cord-shaving directly impacts AMC Networks' traditional television channels, leading to significant erosion of affiliate fees from cable and satellite providers and decreasing linear advertising revenue. This foundational business model is under increasing pressure.
- Intensifying Competition and Escalating Content Costs in the Streaming Market: AMC Networks' streaming services face formidable competition from significantly larger, better-funded players with vast content libraries (e.g., Netflix, Disney+, Max, Amazon Prime Video). This competitive landscape drives up the cost of acquiring and producing premium content, making it increasingly difficult for AMCX to attract and retain subscribers profitably and scale their direct-to-consumer business to offset declines in their linear segment.
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The addressable markets for AMC Networks' main products and services vary across traditional television and the growing streaming sector, both globally and within the United States.
Linear Television Networks (e.g., AMC, BBC America, IFC, SundanceTV, We TV)
- Globally, the traditional TV and home video market was valued at approximately USD 421.2 billion in 2021 and is projected to reach USD 485.85 billion by 2028, with a compound annual growth rate (CAGR) of 2.1% from 2022 to 2028. Another estimate places the global traditional TV and home video market at USD 444.88 billion in 2024, expected to reach USD 533.65 billion by 2032, growing at a CAGR of 2.3%. Global linear TV advertising spend is forecast to decrease to USD 139.1 billion in 2026 from USD 143.9 billion in 2025.
- In the U.S., the traditional TV and home video market is expected to reach approximately USD 139.8 billion by 2028, showing a CAGR of 1.1% from 2022 to 2028. North America represented over 35% of the global traditional TV and home video market in 2021.
Targeted Streaming Services (e.g., AMC+, Acorn TV, Shudder, Sundance Now, ALLBLK, HIDIVE)
- The global streaming services market is anticipated to be valued at USD 138.92 billion in 2024 and is projected to grow to USD 255.04 billion by 2033, with a CAGR of 7.89%. The global online TV streaming service market was valued at USD 280.1 billion in 2023 and is projected to reach USD 1,391.3 billion by 2033, demonstrating a substantial CAGR of 17.5% from 2024 to 2033. Another report estimates the global video streaming market size at USD 157.71 billion in 2025, predicted to reach around USD 865.85 billion by 2034 with a CAGR of 20.90% from 2025 to 2034. The global media streaming market is projected to grow to USD 285.4 billion by 2034 from USD 104.2 billion in 2024, with a CAGR of 10.6% from 2025 to 2034. The global Video-on-Demand (VoD) subscription market was valued at USD 64.98 billion in 2024 and is projected to reach USD 245.15 billion by 2034, growing at a CAGR of 14.2%.
- In the U.S., the Video on Demand (VoD) market is expected to reach USD 70.9 billion by 2030, with an 11.4% CAGR. The U.S. video streaming market size reached USD 25.9 billion in 2024 and is expected to reach USD 137.2 billion by 2033, exhibiting a growth rate (CAGR) of 18.15% during 2025-2033. The U.S. video streaming market size was estimated at USD 38.73 billion in 2024 and is projected to be worth around USD 225.43 billion by 2034, with a CAGR of 19.26% from 2025 to 2034. The USA holds a dominant position in the global streaming services market, accounting for over 35.8% of global streaming consumption.
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Here are 3-5 expected drivers of future revenue growth for AMC Networks (AMCX) over the next 2-3 years:- Growth in Streaming Subscribers and Revenue: AMC Networks is prioritizing the expansion of its targeted streaming services such as AMC+, Acorn TV, Shudder, Sundance Now, ALLBLK, and HIDIVE. The company expects streaming revenue to become its largest revenue source, driven by subscriber acquisition, price increases across platforms, and expanded distribution.
- Content Licensing and Syndication: AMC Networks plans to continue generating revenue by licensing its extensive content library, including popular franchises like "The Walking Dead Universe" and the "Anne Rice Immortal Universe," to third-party platforms. This strategy helps monetize existing intellectual property and broaden audience reach.
- Expansion into FAST Channels and Digital Advertising: The company is focused on growing its presence in Free Ad-Supported Streaming TV (FAST) channels and enhancing its digital and advanced advertising capabilities. This diversification aims to increase advertising revenue and reach a wider audience with targeted ad solutions.
- Strategic Partnerships: Forming and expanding partnerships with major industry players, including distributors like Charter Communications and streaming platforms such as Netflix and Amazon, is a key driver. These collaborations enable AMC Networks to broaden the distribution of its content and services.
- Leveraging and Expanding Valuable Intellectual Property (IP): A core part of the growth strategy involves developing and expanding upon its valuable intellectual property and established franchises. This focus on strong, fan-favorite content aims to attract and retain subscribers for its streaming services and bolster content licensing opportunities.
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```htmlShare Repurchases
- In September 2020, AMC Networks announced plans for a modified Dutch-auction tender offer to repurchase up to $250 million of its Class A shares.
- As of December 31, 2024, the company had $135 million of authorization remaining under its Stock Repurchase Program, although no shares were repurchased during the year ended December 31, 2024.
- During the second quarter of 2025, AMC Networks repurchased 1.6 million shares of its Class A Common Stock at an average price of $6.48 per share, with $125 million of authorization remaining under the program as of June 30, 2025.
Share Issuance
- In June 2024, AMC Networks privately offered $125 million in aggregate principal amount of convertible senior notes due 2029, with an option for initial purchasers to acquire an additional $18.75 million. The net proceeds were intended for general corporate purposes, including potential debt repayment.
- For the nine months ended September 30, 2024, units with an aggregate value of $4.6 million were surrendered to satisfy employees' statutory minimum tax withholding obligations related to equity-based awards.
- The issuance of common stock by AMC Networks peaked in December 2021 at $9.795 million.
Capital Expenditures
- AMC Networks' capital expenditures for the fiscal years 2020, 2021, 2022, 2023, and 2024 were $47 million, $43 million, $44 million, $35 million, and $45 million, respectively.
- The company's latest twelve months capital expenditures amounted to $50.487 million.
- Projected capital expenditures are $35 million for 2025, with similar amounts expected through 2029.
Latest Trefis Analyses
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|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to AMCX. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | PINS | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 1.0% | 1.0% | -1.4% | |
| 11212025 | TMUS | T-Mobile US | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -6.1% | -6.1% | -6.4% |
| 11212025 | Z | Zillow | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -3.5% | -3.5% | -5.1% |
| 11072025 | IRDM | Iridium Communications | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 8.7% | 8.7% | -5.6% |
| 10032025 | TTD | Trade Desk | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -27.7% | -27.7% | -29.8% |
| 12312021 | AMCX | AMC Networks | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | -14.4% | -54.5% | -58.0% |
| 09302020 | AMCX | AMC Networks | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 115.1% | 88.5% | -15.1% |
| 03312020 | AMCX | AMC Networks | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 1.2% | 118.7% | -15.3% |
Research & Analysis
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Peer Comparisons for AMC Networks
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 51.54 |
| Mkt Cap | 52.6 |
| Rev LTM | 27,168 |
| Op Inc LTM | 2,328 |
| FCF LTM | 3,400 |
| FCF 3Y Avg | 3,379 |
| CFO LTM | 4,133 |
| CFO 3Y Avg | 4,130 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.7% |
| Rev Chg 3Y Avg | 8.5% |
| Rev Chg Q | 3.5% |
| QoQ Delta Rev Chg LTM | 0.8% |
| Op Mgn LTM | 15.3% |
| Op Mgn 3Y Avg | 16.9% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 16.1% |
| CFO/Rev 3Y Avg | 14.7% |
| FCF/Rev LTM | 12.5% |
| FCF/Rev 3Y Avg | 11.6% |
Price Behavior
Price Behavior
| Market Price | $9.79 | |
| Market Cap ($ Bil) | 0.4 | |
| First Trading Date | 06/16/2011 | |
| Distance from 52W High | -6.0% | |
| 50 Days | 200 Days | |
| DMA Price | $8.39 | $7.16 |
| DMA Trend | up | up |
| Distance from DMA | 16.6% | 36.7% |
| 3M | 1YR | |
| Volatility | 40.8% | 49.2% |
| Downside Capture | 0.27 | 92.65 |
| Upside Capture | 100.49 | 82.97 |
| Correlation (SPY) | 35.7% | 37.1% |
AMCX Betas & Captures as of 11/30/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.79 | 1.36 | 1.23 | 1.53 | 0.94 | 1.15 |
| Up Beta | 2.99 | 2.63 | 2.79 | 2.34 | 0.90 | 0.93 |
| Down Beta | 0.73 | 2.14 | 2.23 | 1.91 | 1.02 | 1.32 |
| Up Capture | 316% | 86% | 88% | 133% | 71% | 74% |
| Bmk +ve Days | 12 | 25 | 38 | 73 | 141 | 426 |
| Stock +ve Days | 10 | 19 | 34 | 63 | 123 | 362 |
| Down Capture | 85% | 57% | -18% | 90% | 100% | 108% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 9 | 20 | 25 | 57 | 117 | 371 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of AMCX With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| AMCX | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 4.9% | 21.5% | 18.8% | 72.9% | 9.0% | 3.7% | -11.4% |
| Annualized Volatility | 49.0% | 18.5% | 19.5% | 19.2% | 15.3% | 17.2% | 35.0% |
| Sharpe Ratio | 0.26 | 0.91 | 0.76 | 2.72 | 0.36 | 0.05 | -0.14 |
| Correlation With Other Assets | 41.1% | 37.2% | 10.4% | 12.9% | 29.5% | 26.6% | |
ETFs used for asset classes: Sector ETF = XLC, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
| Comparison of AMCX With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| AMCX | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -21.5% | 12.8% | 14.8% | 18.9% | 11.8% | 4.7% | 35.5% |
| Annualized Volatility | 62.7% | 20.9% | 17.1% | 15.5% | 18.7% | 18.9% | 48.9% |
| Sharpe Ratio | -0.12 | 0.52 | 0.70 | 0.98 | 0.51 | 0.16 | 0.62 |
| Correlation With Other Assets | 36.9% | 31.9% | 4.9% | 9.7% | 31.2% | 15.4% | |
ETFs used for asset classes: Sector ETF = XLC, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of AMCX With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| AMCX | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -18.8% | 13.1% | 14.8% | 15.1% | 6.8% | 5.4% | 69.1% |
| Annualized Volatility | 52.4% | 22.6% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | -0.19 | 0.53 | 0.71 | 0.85 | 0.31 | 0.23 | 0.90 |
| Correlation With Other Assets | 37.2% | 34.2% | -1.2% | 12.8% | 29.6% | 12.3% | |
ETFs used for asset classes: Sector ETF = XLC, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/7/2025 | 3.7% | 9.9% | 34.1% |
| 8/8/2025 | 8.8% | 18.0% | 31.8% |
| 5/9/2025 | 2.3% | 3.7% | 9.0% |
| 2/14/2025 | -10.7% | -21.6% | -28.6% |
| 11/8/2024 | 2.5% | 14.0% | 15.3% |
| 8/9/2024 | -5.4% | -7.1% | -22.9% |
| 5/10/2024 | -3.6% | 16.2% | 22.9% |
| 2/9/2024 | -15.4% | -16.1% | -27.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 14 | 10 |
| # Negative | 9 | 9 | 13 |
| Median Positive | 6.5% | 9.7% | 25.0% |
| Median Negative | -10.7% | -9.2% | -17.4% |
| Max Positive | 32.3% | 28.4% | 53.7% |
| Max Negative | -15.4% | -21.6% | -28.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11072025 | 10-Q 9/30/2025 |
| 6302025 | 8082025 | 10-Q 6/30/2025 |
| 3312025 | 5092025 | 10-Q 3/31/2025 |
| 12312024 | 2142025 | 10-K 12/31/2024 |
| 9302024 | 11082024 | 10-Q 9/30/2024 |
| 6302024 | 8092024 | 10-Q 6/30/2024 |
| 3312024 | 5102024 | 10-Q 3/31/2024 |
| 12312023 | 2092024 | 10-K 12/31/2023 |
| 9302023 | 11032023 | 10-Q 9/30/2023 |
| 6302023 | 8042023 | 10-Q 6/30/2023 |
| 3312023 | 5092023 | 10-Q 3/31/2023 |
| 12312022 | 2172023 | 10-K 12/31/2022 |
| 9302022 | 11042022 | 10-Q 9/30/2022 |
| 6302022 | 8052022 | 10-Q 6/30/2022 |
| 3312022 | 5052022 | 10-Q 3/31/2022 |
| 12312021 | 2162022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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