AMC Global Media (AMCX)
Market Price (6/27/2026): $10.095 | Market Cap: $440.4 MilSector: Communication Services | Industry: Movies & Entertainment
AMC Global Media (AMCX)
Market Price (6/27/2026): $10.095Market Cap: $440.4 MilSector: Communication ServicesIndustry: Movies & Entertainment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.6%, FCF Yield is 55% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11% Low stock price volatilityVol 12M is 46% Megatrend and thematic driversMegatrends include Digital Content & Streaming. Themes include Video Streaming. | Trading close to highsDist 52W High is -4.4% Weak multi-year price returns2Y Excs Rtn is -42%, 3Y Excs Rtn is -75% Meaningful 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 12.37, Short 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 16% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 293% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.4%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.3%, Rev Chg QQuarterly Revenue Change % is -2.4% Key risksAMCX key risks include [1] a substantial debt load creating financial pressure and [2] heavy reliance on a few key content franchises. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.6%, FCF Yield is 55% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11% |
| Low stock price volatilityVol 12M is 46% |
| Megatrend and thematic driversMegatrends include Digital Content & Streaming. Themes include Video Streaming. |
| Trading close to highsDist 52W High is -4.4% |
| Weak multi-year price returns2Y Excs Rtn is -42%, 3Y Excs Rtn is -75% |
| Meaningful 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 12.37, Short 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 16% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 293% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.4%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.3%, Rev Chg QQuarterly Revenue Change % is -2.4% |
| Key risksAMCX key risks include [1] a substantial debt load creating financial pressure and [2] heavy reliance on a few key content franchises. |
Qualitative Assessment
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AMC Global Media (AMCX) stock has gained about 25% since 2/28/2026 because of the following key factors:
1. Strong Free Cash Flow Generation and Reaffirmed Fiscal Year Outlook. Despite reporting a GAAP net loss per share of $(0.43) and missing revenue estimates in fiscal Q1 2026 (ended March 31, 2026), AMC Global Media demonstrated robust free cash flow of $65 million for the quarter. Management reiterated its full-year 2026 outlook, targeting at least $200 million in free cash flow and approximately $2.25 billion in consolidated revenue, which provided investors with confidence in the company's financial stability and future performance.
2. Significant Growth in Streaming Revenue Coupled with Strategic Distribution Expansion. Fiscal Q1 2026 saw streaming revenue increase by 11% to $174 million, becoming the largest source of domestic revenue for the company. This growth was bolstered by strategic initiatives including expanding relationships with platforms like DISH and Sling TV through new long-term affiliate agreements, broadening the distribution of its All Reality streaming service on Roku and Apple, and a new partnership with Meta to make streaming apps available on the Meta Quest headset. The company also greenlit new content and renewed popular series, supporting its streaming offerings.
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AMC Global Media (AMCX) stock has gained about 25% since 2/28/2026 because of the following key factors:
1. Strong Free Cash Flow Generation and Reaffirmed Fiscal Year Outlook. Despite reporting a GAAP net loss per share of $(0.43) and missing revenue estimates in fiscal Q1 2026 (ended March 31, 2026), AMC Global Media demonstrated robust free cash flow of $65 million for the quarter. Management reiterated its full-year 2026 outlook, targeting at least $200 million in free cash flow and approximately $2.25 billion in consolidated revenue, which provided investors with confidence in the company's financial stability and future performance.
2. Significant Growth in Streaming Revenue Coupled with Strategic Distribution Expansion. Fiscal Q1 2026 saw streaming revenue increase by 11% to $174 million, becoming the largest source of domestic revenue for the company. This growth was bolstered by strategic initiatives including expanding relationships with platforms like DISH and Sling TV through new long-term affiliate agreements, broadening the distribution of its All Reality streaming service on Roku and Apple, and a new partnership with Meta to make streaming apps available on the Meta Quest headset. The company also greenlit new content and renewed popular series, supporting its streaming offerings.
3. Proactive Debt Management and Capital Structure Optimization. AMC Networks took steps to enhance its capital structure during the period. On March 6, 2026, the company announced the successful expiration of a consent solicitation to amend the indenture governing its 10.50% Senior Secured Notes due 2032, allowing for equity buybacks up to $50 million. Furthermore, on March 26, 2026, AMC Networks completed the full redemption of its outstanding 10.25% Senior Secured Notes due 2029, effectively reducing its overall debt and improving its financial flexibility.
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Stock Movement Drivers
Fundamental Drivers
The 23.4% change in AMCX stock from 2/28/2026 to 6/26/2026 was primarily driven by a 109.0% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 6262026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.17 | 10.08 | 23.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,312 | 2,299 | -0.6% |
| Net Income Margin (%) | 3.9% | 2.3% | -41.0% |
| P/E Multiple | 4.0 | 8.4 | 109.0% |
| Shares Outstanding (Mil) | 44 | 44 | 0.5% |
| Cumulative Contribution | 23.4% |
Market Drivers
2/28/2026 to 6/26/2026| Return | Correlation | |
|---|---|---|
| AMCX | 23.4% | |
| Market (SPY) | 6.6% | 13.7% |
| Sector (XLC) | -9.8% | 43.8% |
Fundamental Drivers
The 13.0% change in AMCX stock from 11/30/2025 to 6/26/2026 was primarily driven by a 12.6% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 6262026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.92 | 10.08 | 13.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,316 | 2,299 | -0.8% |
| P/S Multiple | 0.2 | 0.2 | 12.6% |
| Shares Outstanding (Mil) | 44 | 44 | 1.2% |
| Cumulative Contribution | 13.0% |
Market Drivers
11/30/2025 to 6/26/2026| Return | Correlation | |
|---|---|---|
| AMCX | 13.0% | |
| Market (SPY) | 7.3% | 12.9% |
| Sector (XLC) | -7.4% | 33.6% |
Fundamental Drivers
The 52.5% change in AMCX stock from 5/31/2025 to 6/26/2026 was primarily driven by a 53.7% change in the company's P/S Multiple.| (LTM values as of) | 5312025 | 6262026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.61 | 10.08 | 52.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,380 | 2,299 | -3.4% |
| P/S Multiple | 0.1 | 0.2 | 53.7% |
| Shares Outstanding (Mil) | 45 | 44 | 2.7% |
| Cumulative Contribution | 52.5% |
Market Drivers
5/31/2025 to 6/26/2026| Return | Correlation | |
|---|---|---|
| AMCX | 52.5% | |
| Market (SPY) | 25.1% | 23.1% |
| Sector (XLC) | 6.0% | 39.5% |
Fundamental Drivers
The -10.9% change in AMCX stock from 5/31/2023 to 6/26/2026 was primarily driven by a -88.1% change in the company's P/E Multiple.| (LTM values as of) | 5312023 | 6262026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.31 | 10.08 | -10.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,102 | 2,299 | -25.9% |
| Net Income Margin (%) | 0.2% | 2.3% | 909.4% |
| P/E Multiple | 70.3 | 8.4 | -88.1% |
| Shares Outstanding (Mil) | 44 | 44 | 0.0% |
| Cumulative Contribution | -10.9% |
Market Drivers
5/31/2023 to 6/26/2026| Return | Correlation | |
|---|---|---|
| AMCX | -10.9% | |
| Market (SPY) | 81.3% | 24.0% |
| Sector (XLC) | 76.3% | 29.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AMCX Return | -4% | -55% | 20% | -47% | -4% | -1% | -74% |
| Peers Return | 13% | -44% | 48% | 34% | 14% | 0% | 45% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 7% | 96% |
Monthly Win Rates [3] | |||||||
| AMCX Win Rate | 33% | 33% | 75% | 33% | 42% | 50% | |
| Peers Win Rate | 48% | 25% | 47% | 65% | 53% | 47% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| AMCX Max Drawdown | -57% | -68% | -63% | -62% | -47% | -32% | |
| Peers Max Drawdown | -27% | -50% | -28% | -24% | -31% | -22% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: NFLX, DIS, LYV, ROKU, FWONA. 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] 2026 data is for the year up to 6/26/2026 (YTD)
How Low Can It Go
| Event | AMCX | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -34.7% | -18.8% |
| % Gain to Breakeven | 53.2% | 23.1% |
| Time to Breakeven | 227 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -10.3% | -7.8% |
| % Gain to Breakeven | 11.5% | 8.5% |
| Time to Breakeven | 7 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -21.7% | -9.5% |
| % Gain to Breakeven | 27.8% | 10.5% |
| Time to Breakeven | 40 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -42.6% | -6.7% |
| % Gain to Breakeven | 74.3% | 7.1% |
| Time to Breakeven | 174 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.9% | -33.7% |
| % Gain to Breakeven | 81.4% | 50.9% |
| Time to Breakeven | 278 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.0% | -19.2% |
| % Gain to Breakeven | 29.9% | 23.8% |
| Time to Breakeven | 798 days | 105 days |
In The Past
AMC Global Media's stock fell -34.7% during the 2025 US Tariff Shock. Such a loss loss requires a 53.2% gain to breakeven.
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| Event | AMCX | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -34.7% | -18.8% |
| % Gain to Breakeven | 53.2% | 23.1% |
| Time to Breakeven | 227 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -21.7% | -9.5% |
| % Gain to Breakeven | 27.8% | 10.5% |
| Time to Breakeven | 40 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -42.6% | -6.7% |
| % Gain to Breakeven | 74.3% | 7.1% |
| Time to Breakeven | 174 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.9% | -33.7% |
| % Gain to Breakeven | 81.4% | 50.9% |
| Time to Breakeven | 278 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.0% | -19.2% |
| % Gain to Breakeven | 29.9% | 23.8% |
| Time to Breakeven | 798 days | 105 days |
In The Past
AMC Global Media's stock fell -34.7% during the 2025 US Tariff Shock. Such a loss loss requires a 53.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About AMC Global Media (AMCX)
AMC Networks Inc. (AMCX) is an entertainment company that owns and operates a diverse portfolio of video content products and platforms, catering to audiences, distributors, and advertisers both in the United States and internationally.
Domestically, the company's core offerings include several well-known national programming networks such as AMC, WE tv, BBC AMERICA, IFC, and SundanceTV. AMCX has also heavily invested in the direct-to-consumer streaming market, providing a suite of subscription services like Acorn TV, Shudder, Sundance Now, ALLBLK, HIDIVE, and its flagship AMC+. Additionally, it operates a film distribution business under IFC Films and produces original programming for its various networks.
Internationally, AMC Networks operates a portfolio of channels under the AMCNI brand and is involved in production and comedy venue activities through its Levity division. The company's primary customers are the global viewing audience, alongside television distributors who carry its channels, and advertisers seeking to reach its diverse viewership across its linear and streaming platforms.
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- It's like a smaller version of Paramount Global, owning established cable channels such as AMC alongside a growing portfolio of niche streaming services.
- Think of it as a media company similar to A&E Networks (which operates channels like A&E and History), but also running a suite of highly specialized streaming services like Shudder and Acorn TV.
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- National Programming Networks: Operates traditional linear television channels including AMC, WE tv, BBC AMERICA, IFC, and SundanceTV.
- Subscription Streaming Services: Provides a diverse portfolio of on-demand streaming platforms such as AMC+, Acorn TV, Shudder, Sundance Now, ALLBLK, and HIDIVE.
- Film Distribution: Engages in the acquisition and distribution of films under the IFC Films banner.
- Original Content Production: Creates and licenses original television programming for its various networks and streaming services.
- International Channel Operations: Manages and operates a portfolio of television channels globally under the AMCNI brand.
- Production and Comedy Venues: Engages in production activities and operates comedy venues through its Levity arm.
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AMC Global Media (AMCX) sells primarily to other companies, specifically to distributors of its linear television channels and to advertisers.
Major Customer Companies:
- Cable, Satellite, and Telecommunications Providers (MVPDs): These companies license AMC Networks' linear channels (AMC, WE tv, BBC AMERICA, IFC, SundanceTV, and international AMCNI channels) to bundle and offer to their subscribers. They pay affiliate fees to AMC Networks. Key public examples include:
- Comcast Corporation (CMCSA)
- Charter Communications, Inc. (CHTR)
- DISH Network Corporation (DISH)
- Verizon Communications Inc. (VZ)
- AT&T Inc. (T)
- Virtual Multi-channel Video Programming Distributors (vMVPDs) / Live TV Streaming Platforms: These digital platforms also license AMC Networks' channels to include in their streaming bundles. Examples include:
- Google (GOOGL) - for YouTube TV
- The Walt Disney Company (DIS) - for Hulu + Live TV
- Sling TV (a service of DISH Network Corporation - DISH)
- Advertisers: Various companies purchase advertising space and slots across AMC Networks' linear television channels and digital platforms to reach their target audiences. These are a broad range of businesses from diverse industries.
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Kristin Dolan, Chief Executive Officer
Kristin Dolan was appointed CEO of AMC Networks in February 2023. She has over 30 years of experience in media and entertainment. Prior to her role as CEO, she founded and served as CEO of 605, an audience measurement and data analytics firm, which was sold to iSpot TV in 2023. Before founding 605 in 2016, Ms. Dolan spent 16 years at Cablevision Systems Corporation, where she held various operating roles, including Chief Operating Officer. She was a key member of the leadership team during Cablevision's sale to Altice USA for $17.7 billion in 2016. Her career in the industry began at AMC Networks (then Rainbow Media) in 1989.
Michael J. Sherin III, Executive Vice President, Chief Accounting Officer and Interim Principal Financial Officer
Michael J. Sherin III assumed the responsibilities of principal financial officer on an interim basis, effective March 31, 2026, following the departure of the previous CFO. He also serves as the Executive Vice President and Chief Accounting Officer for AMC Networks. Mr. Sherin joined AMC Networks in 2011, initially as Vice President, Financial Reporting, and later served as Senior Vice President, Financial Reporting & Technical Accounting before his appointment as Chief Accounting Officer in 2021. Before joining AMC Networks, he was Senior Director, Financial Reporting and Compliance at The Nature's Bounty Co. from 2007 to 2011 and worked at PricewaterhouseCoopers LLP for ten years.
Kim Kelleher, President and Chief Commercial Officer
Kim Kelleher is the President and Chief Commercial Officer for AMC Networks, responsible for all commercial revenue across the company’s advertising sales and distribution organizations. Her career in media, marketing, and advertising spans over two decades. Prior to joining AMC Networks in 2019, she held senior leadership positions at Condé Nast, including Chief Business Officer for brands such as GQ, Golf Digest, and Wired Media Group. She also served as President of Say Media and as the Worldwide Publisher of Time, where she was named Advertising Age's Publisher of the Year in 2011 and was the first female executive to lead Sports Illustrated advertising sales.
Dan McDermott, President, Entertainment & AMC Studios
Dan McDermott is the President of Entertainment and AMC Studios, overseeing original programming, production, business affairs, acquisitions, scheduling, and consumer public relations for the company's entertainment group. He joined AMC Networks in early 2020. Prior to this, he led the scripted television partnership between Lionsgate and BBC Studios. Mr. McDermott also previously served as the first president of television at DreamWorks, where he oversaw shows including "Spin City" and "Freaks and Geeks," and has experience as a producer, writer, and partner in Di Bonaventura Pictures Television.
Jamie Gallagher, Executive Vice President and General Counsel
Jamie Gallagher serves as the Executive Vice President and General Counsel for AMC Networks, leading all legal affairs for the company and its business units. He joined AMC Networks in 2008, bringing with him 24 years of corporate counsel experience. Previously, he held positions 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 as group counsel at American Express Travel Related Services and began his legal career as an associate at Kelley Drye & Warren. Mr. Gallagher has been instrumental in guiding AMC Networks through significant milestones, including its public listing in 2011, the establishment of AMC Studios, and the development of its streaming portfolio.
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The accelerating shift of audiences from traditional linear television towards subscription streaming services (often referred to as cord-cutting). This trend directly erodes the subscriber base and advertising revenue for AMC Global Media's national programming networks (e.g., AMC, WE tv, BBC AMERICA, IFC, SundanceTV) and international channels. Simultaneously, the company's own portfolio of subscription streaming services (e.g., Acorn TV, Shudder, Sundance Now, ALLBLK, HIDIVE, AMC+) operates in a highly competitive and increasingly saturated market, facing intense pressure from larger, better-funded platforms for subscriber acquisition and retention.
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Addressable Markets for AMC Networks Inc. (AMCX)
The addressable markets for AMC Networks Inc.'s main products and services encompass subscription streaming, linear television, and film distribution.
Subscription Streaming Services (e.g., Acorn TV, Shudder, Sundance Now, ALLBLK, HIDIVE, AMC+)
- The global Subscription Video on Demand (SVOD) market is projected to reach USD 128.43 billion in revenue in 2024 and is expected to grow to USD 209.35 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.5%. Another estimate places the global SVOD market size at USD 128.74 billion in 2025, with a projection to reach USD 242.02 billion by 2033 at a CAGR of 8.21%.
- In the United States, the video streaming market, which includes SVOD services, was valued at USD 104.8 billion in 2024 and is anticipated to reach USD 411.7 billion by 2033, with a CAGR of 18.66% from 2025-2033. North America accounts for a significant share, holding 35.8% of the global Streaming Services Market. Approximately 310 million U.S. users actively stream content as of 2024, with 74% of households subscribing to at least one SVOD platform.
National Programming Networks (e.g., AMC, WE tv, BBC AMERICA, IFC, SundanceTV)
The market for traditional linear television networks in the U.S. is experiencing a shift as audiences increasingly move towards streaming. In July 2023, linear TV viewing (comprising cable and broadcast) dropped below 50% of total U.S. TV usage for the first time, reaching 49.6%. Specifically, cable viewing in the U.S. fell to 29.6% in July 2023, while broadcast usage declined to 20%. Despite this decline, linear TV continues to reach a substantial audience, with 69% of U.S. adults aged 25-54 watching traditional TV weekly. However, linear TV ad spending in the U.S. is projected to decrease by more than 11% in 2026. The broader U.S. video subscriptions market, encompassing both pay-TV and over-the-top (OTT) services, is expected to generate nearly $120 billion in revenue this year (2026).
Film Distribution (IFC Films)
- The global film distribution market is estimated to be USD 103.3 billion in 2026, growing from USD 99.69 billion in 2025 at a CAGR of 3.6%. It is projected to reach USD 117.71 billion by 2030 with a CAGR of 3.3%. North America was identified as the largest region in this market in 2025.
- In the United States, the Movie & Video Distribution industry market size is estimated at $1.5 billion in 2026. This market size was also $1.5 billion in 2025 and 2024.
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For AMC Global Media (AMCX), several key drivers are expected to contribute to future revenue growth over the next two to three years:
- Accelerated Growth in Streaming Revenue and Average Revenue Per User (ARPU): AMC Networks is strategically prioritizing its streaming portfolio, including AMC+, Acorn TV, Shudder, Sundance Now, ALLBLK, and HIDIVE. The company emphasizes increasing average revenue per user through curated bundles and pricing adjustments, focusing on a profitable subscriber mix rather than just gross subscriber additions. Streaming has become the largest single source of domestic revenue, with significant year-over-year growth.
- Expansion of Digital Advertising and FAST Channels: The company is actively scaling its Free Ad-supported Streaming TV (FAST) channels (e.g., AMC Thrillers, IFC, The Walking Dead FAST) to monetize its extensive content library. There is a concerted effort to reorient the advertising business towards streaming, FAST, and AVOD (Advertising-based Video on Demand) platforms, which has resulted in a reported increase in digital advertising commitments.
- Content Licensing and Monetization of Owned Intellectual Property (IP): AMC Networks is focused on leveraging its valuable content library and franchise-driven intellectual property. This includes renewing and expanding branded content licensing agreements with third-party platforms, such as Netflix, and capitalizing on the reversion of rights for popular franchises like "The Walking Dead" to create significant licensing opportunities.
- Strategic International Expansion: The company is actively pursuing international growth, particularly for its targeted streaming services like Acorn TV, with expansion efforts in markets such as Canada, Australia, New Zealand, and select European Union countries. Additionally, AMC Networks is launching new FAST channels in various international regions, including the UK, Central and Northern Europe, Iberia, and Latin America, to diversify revenue streams and expand its global footprint.
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Share Repurchases
- AMC Networks Inc. had an authorized program to repurchase up to $1.5 billion of its outstanding shares of common stock.
- As of December 31, 2024, the company had $135 million of authorization remaining under its stock repurchase program, with no shares repurchased during the year.
- In the second quarter of 2025, the company repurchased 1.6 million shares of its Class A Common Stock for approximately $10 million, with $125 million of authorization remaining as of June 30, 2025.
- In the fourth quarter of 2025, AMC Networks repurchased 854,692 shares of its Class A Common Stock for $7.5 million, leaving $117 million of authorization remaining as of December 31, 2025.
Capital Expenditures
- AMC Networks's capital expenditures for fiscal years ending December 2021 to 2025 averaged $40.026 million.
- Capital expenditures peaked in December 2024 at $44.775 million and reached a 5-year low of $33.303 million in December 2025.
- The company's strategic focus for capital allocation includes the continued development of high-quality original content, including owned and controlled content and valuable intellectual property, as well as enhancing technology and customer service to drive free cash flow and maximize stockholder value.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 91.84 |
| Mkt Cap | 31.5 |
| Rev LTM | 15,289 |
| Op Inc LTM | 734 |
| FCF LTM | 973 |
| FCF 3Y Avg | 1,248 |
| CFO LTM | 1,629 |
| CFO 3Y Avg | 1,756 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 14.7% |
| Rev Chg 3Y Avg | 13.5% |
| Rev Chg Q | 14.2% |
| QoQ Delta Rev Chg LTM | 2.7% |
| Op Inc Chg LTM | 13.4% |
| Op Inc Chg 3Y Avg | 31.7% |
| Op Mgn LTM | 12.0% |
| Op Mgn 3Y Avg | 12.0% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 13.9% |
| CFO/Rev 3Y Avg | 15.8% |
| FCF/Rev LTM | 10.7% |
| FCF/Rev 3Y Avg | 11.6% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Single Segment | 2,312 | 2,421 | 2,712 | ||
| Advertising | 872 | 951 | |||
| Distribution and other | 2,225 | 2,127 | |||
| Total | 2,312 | 2,421 | 2,712 | 3,097 | 3,078 |
| $ Mil | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|
| National Networks | 754 | 587 | 502 | 408 |
| Inter-segment eliminations | -3 | 1 | 4 | 3 |
| International and other | -43 | -42 | 77 | -49 |
| Total | 709 | 546 | 582 | 363 |
Price Behavior
| Market Price | $10.08 | |
| Market Cap ($ Bil) | 0.4 | |
| First Trading Date | 06/16/2011 | |
| Distance from 52W High | -4.4% | |
| 50 Days | 200 Days | |
| DMA Price | $9.10 | $8.33 |
| DMA Trend | up | up |
| Distance from DMA | 10.8% | 21.0% |
| 3M | 1YR | |
| Volatility | 48.6% | 46.4% |
| Downside Capture | -6.70 | 58.82 |
| Upside Capture | 149.76 | 102.80 |
| Correlation (SPY) | 16.1% | 25.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.25 | 1.01 | 0.86 | 0.75 | 1.10 | 0.98 |
| Up Beta | 3.20 | 0.59 | 0.65 | 0.10 | 0.94 | 0.86 |
| Down Beta | 0.96 | -0.41 | 0.10 | 1.23 | 1.55 | 1.07 |
| Up Capture | 151% | 215% | 132% | 80% | 108% | 61% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 12 | 25 | 34 | 59 | 123 | 368 |
| Down Capture | -65% | 55% | 100% | 87% | 90% | 104% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 8 | 16 | 29 | 62 | 119 | 367 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AMCX | |
|---|---|---|---|---|
| AMCX | 74.0% | 46.5% | 1.34 | - |
| Sector ETF (XLC) | 1.9% | 13.5% | -0.10 | 40.6% |
| Equity (SPY) | 21.2% | 12.4% | 1.26 | 23.4% |
| Gold (GLD) | 21.8% | 27.7% | 0.70 | -6.4% |
| Commodities (DBC) | 21.8% | 18.6% | 0.92 | -16.1% |
| Real Estate (VNQ) | 16.1% | 13.6% | 0.85 | 20.0% |
| Bitcoin (BTCUSD) | -44.7% | 42.5% | -1.27 | 14.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AMCX | |
|---|---|---|---|---|
| AMCX | -29.9% | 59.7% | -0.35 | - |
| Sector ETF (XLC) | 7.3% | 20.7% | 0.27 | 38.4% |
| Equity (SPY) | 13.4% | 17.1% | 0.61 | 32.9% |
| Gold (GLD) | 17.8% | 18.3% | 0.79 | 3.0% |
| Commodities (DBC) | 7.4% | 19.5% | 0.28 | 7.7% |
| Real Estate (VNQ) | 3.4% | 18.9% | 0.08 | 33.2% |
| Bitcoin (BTCUSD) | 10.7% | 54.0% | 0.39 | 16.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AMCX | |
|---|---|---|---|---|
| AMCX | -16.1% | 53.1% | -0.12 | - |
| Sector ETF (XLC) | 8.7% | 22.2% | 0.45 | 37.0% |
| Equity (SPY) | 15.2% | 18.0% | 0.72 | 33.2% |
| Gold (GLD) | 11.8% | 16.1% | 0.60 | -1.5% |
| Commodities (DBC) | 5.9% | 18.0% | 0.26 | 10.2% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 29.5% |
| Bitcoin (BTCUSD) | 54.6% | 66.4% | 0.95 | 11.5% |
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Returns Analyses
Earnings Returns History
Updated 6/17/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/8/2026 | 2.8% | -2.9% | 13.1% |
| 2/11/2026 | -2.3% | 14.9% | -3.9% |
| 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% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 15 | 11 |
| # Negative | 9 | 9 | 13 |
| Median Positive | 6.4% | 9.9% | 22.9% |
| Median Negative | -10.7% | -8.1% | -10.0% |
| Max Positive | 32.3% | 28.4% | 53.7% |
| Max Negative | -15.4% | -21.6% | -28.6% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/8/2026 | 2.8% | -2.9% | 13.1% |
| 2/11/2026 | -2.3% | 14.9% | -3.9% |
| 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% |
| 11/3/2023 | 13.8% | 2.2% | 27.0% |
| 8/4/2023 | 13.4% | 2.4% | -7.5% |
| 5/9/2023 | 5.4% | -6.3% | -17.4% |
| 2/17/2023 | 32.3% | 15.5% | -22.3% |
| 11/4/2022 | -11.8% | -7.6% | -10.0% |
| 8/5/2022 | -12.7% | -8.1% | -23.6% |
| 5/5/2022 | -6.0% | -9.2% | 3.9% |
| 2/16/2022 | -15.0% | -10.4% | -9.7% |
| 11/5/2021 | 14.3% | 9.5% | -7.5% |
| 8/6/2021 | 6.4% | 6.1% | -8.1% |
| 5/7/2021 | 3.7% | 4.2% | 53.7% |
| 2/26/2021 | 23.6% | 28.4% | 1.8% |
| 11/2/2020 | 6.5% | 12.4% | 52.3% |
| 8/4/2020 | 2.1% | 0.2% | -4.3% |
| SUMMARY STATS | |||
| # Positive | 15 | 15 | 11 |
| # Negative | 9 | 9 | 13 |
| Median Positive | 6.4% | 9.9% | 22.9% |
| Median Negative | -10.7% | -8.1% | -10.0% |
| 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 |
|---|---|---|
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 02/11/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/14/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 02/09/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/17/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 02/11/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/14/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 02/09/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/17/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
| 12/31/2021 | 02/16/2022 | 10-K |
| 09/30/2021 | 11/05/2021 | 10-Q |
| 06/30/2021 | 08/06/2021 | 10-Q |
| 03/31/2021 | 05/07/2021 | 10-Q |
| 12/31/2020 | 02/26/2021 | 10-K |
| 09/30/2020 | 11/02/2020 | 10-Q |
| 06/30/2020 | 08/05/2020 | 10-Q |
| 03/31/2020 | 05/05/2020 | 10-Q |
| 12/31/2019 | 02/27/2020 | 10-K |
| 09/30/2019 | 10/31/2019 | 10-Q |
| 06/30/2019 | 07/31/2019 | 10-Q |
Insider Activity
Updated 6/17/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Sherin, Michael J Iii | EVP & Chief Accounting Officer | Direct | Sell | 3112026 | 7.96 | 5,963 | 47,483 | 84,790 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Sherin, Michael J Iii | EVP & Chief Accounting Officer | Direct | Sell | 3112026 | 7.96 | 5,963 | 47,483 | 84,790 | Form |
Industry Resources
| Communication Services Resources |
| Variety |
| The Hollywood Reporter |
| Adweek |
| Movies & Entertainment Resources |
| Deadline |
| IndieWire |
| Screen Daily |
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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