AMC Global Media (AMCX)


Market Price (8/12/2026): $11.785 | Market Cap: $506.9 MilSector: Communication Services | Industry: Movies & Entertainment

AMC Global Media (AMCX)


Market Price (8/12/2026): $11.785
Market Cap: $506.9 Mil
Sector: Communication Services
Industry: Movies & Entertainment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
FCF Yield is 38%

Low stock price volatility
Vol 12M is 48%

Megatrend and thematic drivers
Megatrends include Digital Content & Streaming. Themes include Video Streaming.

Trading close to highs
Dist 52W High is -2.0%

Weak multi-year price returns
2Y Excs Rtn is -30%, 3Y Excs Rtn is -88%

Meaningful short interest
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 significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 253%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.6%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.5%, Rev Chg QQuarterly Revenue Change % is -8.8%

Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 75%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -8.4%

Key risks
AMCX key risks include [1] a substantial debt load creating financial pressure and [2] heavy reliance on a few key content franchises.

0 Attractive yield
FCF Yield is 38%
1 Low stock price volatility
Vol 12M is 48%
2 Megatrend and thematic drivers
Megatrends include Digital Content & Streaming. Themes include Video Streaming.
3 Trading close to highs
Dist 52W High is -2.0%
4 Weak multi-year price returns
2Y Excs Rtn is -30%, 3Y Excs Rtn is -88%
5 Meaningful short interest
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%
6 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 253%
7 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.6%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.5%, Rev Chg QQuarterly Revenue Change % is -8.8%
8 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 75%
9 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -8.4%
10 Key risks
AMCX key risks include [1] a substantial debt load creating financial pressure and [2] heavy reliance on a few key content franchises.

AMCX in ETFs

Weight = AMCX's share of each fund

FNDA0.10%
AVUV0.06%
IWN0.02%
VTWO0.01%
SCHA0.01%
DFAS0.00%
DFAC0.00%
SCHB0.00%
+1 more covered ETF

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/5/2026

AMC Global Media (AMCX) stock has gained about 40% since 4/30/2026 because of the following key factors:

1. A new five-year, $500 million co-exclusive global streaming licensing agreement with Netflix for "The Walking Dead" universe significantly bolstered future revenue visibility. This deal, announced in conjunction with the fiscal Q2 2026 earnings on July 30, 2026, is projected to generate $25 million in cash payments for the remainder of fiscal 2026, with an anticipated $100 million annually from fiscal 2027 through fiscal 2030, and the remainder in fiscal 2031. AMC Global Media expects to recognize approximately $200 million to $225 million of revenue from this agreement in both fiscal 2026 and fiscal 2027.

2. The company raised its full-year fiscal 2026 consolidated revenue guidance to a range of $2.4 billion to $2.45 billion. This upward revision in the outlook, primarily driven by the Netflix licensing deal, provided a strong positive signal to investors, despite fiscal Q2 2026 revenue of $547.5 million missing analyst estimates by 1.1% and a reported loss per share of $0.51 that also missed expectations.

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Updated on 8/5/2026

AMC Global Media (AMCX) stock has gained about 40% since 4/30/2026 because of the following key factors:

1. A new five-year, $500 million co-exclusive global streaming licensing agreement with Netflix for "The Walking Dead" universe significantly bolstered future revenue visibility. This deal, announced in conjunction with the fiscal Q2 2026 earnings on July 30, 2026, is projected to generate $25 million in cash payments for the remainder of fiscal 2026, with an anticipated $100 million annually from fiscal 2027 through fiscal 2030, and the remainder in fiscal 2031. AMC Global Media expects to recognize approximately $200 million to $225 million of revenue from this agreement in both fiscal 2026 and fiscal 2027.

2. The company raised its full-year fiscal 2026 consolidated revenue guidance to a range of $2.4 billion to $2.45 billion. This upward revision in the outlook, primarily driven by the Netflix licensing deal, provided a strong positive signal to investors, despite fiscal Q2 2026 revenue of $547.5 million missing analyst estimates by 1.1% and a reported loss per share of $0.51 that also missed expectations.

3. AMC Global Media demonstrated solid growth in its streaming segment, with streaming revenue increasing by 6% to $180 million in fiscal Q2 2026. This growth was primarily attributed to price increases across the company's streaming services, highlighting strength in a crucial strategic area amidst overall revenue declines.

4. A notable shift in analyst sentiment, including price target upgrades and a "Strong Buy" rating, contributed to the stock's momentum. For instance, Morgan Stanley increased its price target for AMCX to $10 from $7 in July 2026. Additionally, Zacks Research upgraded AMC Networks to a "Strong Buy" on August 5, 2026, citing strong momentum and a 27.1% increase in the Zacks Consensus Estimate for current year earnings over the preceding 60 days.

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Stock Movement Drivers

Fundamental Drivers

The 38.9% change in AMCX stock from 4/30/2026 to 8/11/2026 was primarily driven by a 40.2% change in the company's P/S Multiple.
(LTM values as of)43020268112026Change
Stock Price ($)8.4911.7938.9%
Change Contribution By: 
Total Revenues ($ Mil)2,3122,246-2.8%
P/S Multiple0.20.240.2%
Shares Outstanding (Mil)44432.0%
Cumulative Contribution38.9%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/11/2026
ReturnCorrelation
AMCX38.9% 
Market (SPY)7.2%3.2%
Sector (XLC)-4.5%43.0%

Fundamental Drivers

The 52.9% change in AMCX stock from 1/31/2026 to 8/11/2026 was primarily driven by a 53.7% change in the company's P/S Multiple.
(LTM values as of)13120268112026Change
Stock Price ($)7.7111.7952.9%
Change Contribution By: 
Total Revenues ($ Mil)2,3162,246-3.0%
P/S Multiple0.10.253.7%
Shares Outstanding (Mil)44432.6%
Cumulative Contribution52.9%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/11/2026
ReturnCorrelation
AMCX52.9% 
Market (SPY)11.7%11.0%
Sector (XLC)-7.0%40.8%

Fundamental Drivers

The 96.8% change in AMCX stock from 7/31/2025 to 8/11/2026 was primarily driven by a 100.2% change in the company's P/S Multiple.
(LTM values as of)73120258112026Change
Stock Price ($)5.9911.7996.8%
Change Contribution By: 
Total Revenues ($ Mil)2,3802,246-5.6%
P/S Multiple0.10.2100.2%
Shares Outstanding (Mil)45434.2%
Cumulative Contribution96.8%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/11/2026
ReturnCorrelation
AMCX96.8% 
Market (SPY)22.9%20.5%
Sector (XLC)4.6%40.1%

Fundamental Drivers

The -6.6% change in AMCX stock from 7/31/2023 to 8/11/2026 was primarily driven by a -27.6% change in the company's Total Revenues ($ Mil).
(LTM values as of)73120238112026Change
Stock Price ($)12.6211.79-6.6%
Change Contribution By: 
Total Revenues ($ Mil)3,1022,246-27.6%
P/S Multiple0.20.227.2%
Shares Outstanding (Mil)44431.4%
Cumulative Contribution-6.6%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2023 to 8/11/2026
ReturnCorrelation
AMCX-6.6% 
Market (SPY)74.3%23.7%
Sector (XLC)66.9%31.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
AMCX Return-4%-55%20%-47%-4%24%-67%
Peers Return13%-44%48%34%14%9%58%
S&P 500 Return27%-19%24%23%16%13%106%

Monthly Win Rates [3]
AMCX Win Rate33%33%75%33%42%75% 
Peers Win Rate48%25%47%65%53%57% 
S&P 500 Win Rate75%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%-23% 
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, FWONA, 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] 2026 data is for the year up to 8/11/2026 (YTD)

How Low Can It Go

EventAMCXS&P 500
2025 US Tariff Shock
  % Loss-34.7%-18.8%
  % Gain to Breakeven53.2%23.1%
  Time to Breakeven227 days79 days
2024 Yen Carry Trade Unwind
  % Loss-10.3%-7.8%
  % Gain to Breakeven11.5%8.5%
  Time to Breakeven7 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-21.7%-9.5%
  % Gain to Breakeven27.8%10.5%
  Time to Breakeven40 days24 days
2023 SVB Regional Banking Crisis
  % Loss-42.6%-6.7%
  % Gain to Breakeven74.3%7.1%
  Time to Breakeven174 days31 days
2020 COVID-19 Crash
  % Loss-44.9%-33.7%
  % Gain to Breakeven81.4%50.9%
  Time to Breakeven278 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.0%-19.2%
  % Gain to Breakeven29.9%23.8%
  Time to Breakeven798 days105 days

Compare to DIS, SBGI, GTN, NFLX, LYV

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.

EventAMCXS&P 500
2025 US Tariff Shock
  % Loss-34.7%-18.8%
  % Gain to Breakeven53.2%23.1%
  Time to Breakeven227 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-21.7%-9.5%
  % Gain to Breakeven27.8%10.5%
  Time to Breakeven40 days24 days
2023 SVB Regional Banking Crisis
  % Loss-42.6%-6.7%
  % Gain to Breakeven74.3%7.1%
  Time to Breakeven174 days31 days
2020 COVID-19 Crash
  % Loss-44.9%-33.7%
  % Gain to Breakeven81.4%50.9%
  Time to Breakeven278 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.0%-19.2%
  % Gain to Breakeven29.9%23.8%
  Time to Breakeven798 days105 days

Compare to DIS, SBGI, GTN, NFLX, LYV

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.

AI Analysis | Feedback

The public company AMC Networks Inc. (AMCX) faces several key risks to its business, primarily driven by significant shifts in the media landscape. The most significant risks are: 1. Declining Linear TV Business and Cord-Cutting: AMC Networks is experiencing a substantial decline in its traditional linear television business due to accelerated cord-cutting. This trend has led to a reduction in domestic distribution revenue, affiliate revenues, and advertising revenue. For instance, domestic distribution revenue fell by 16% in Q1 2024 compared to the prior year, with linear affiliate revenue plunging due to subscriber erosion and rate pressure from cable operators. In 2023, total traditional pay-TV subscriptions in the U.S. dropped by 27% over six years, and advertising spending on television also decreased. While the company's streaming services have shown growth in subscriptions and revenue, this growth has not been sufficient to fully offset the losses from its traditional cable operations, indicating a significant ongoing challenge in transitioning its business model. 2. High Levels of Debt and Financial Pressure: AMC Networks carries a substantial debt load, which creates financial pressure and can constrain its ability to invest in growth initiatives. For example, in February 2026, the company initiated an exchange offer that resulted in an increased coupon rate, raising its interest expenses. The focus on debt reduction is a key priority for the company to improve financial flexibility. 3. Intense Competition in the Streaming Market and Content Costs: The streaming market is highly competitive, with numerous large players that have significantly greater financial resources for content acquisition and production. This intense competition limits AMC Networks' ability to bid for top intellectual property and talent, making it more challenging to acquire and retain streaming subscribers. Smaller scale compared to major competitors like Netflix, Disney, and Warner Bros. Discovery constrains AMC's marketing and distribution reach, posing a threat to its content licensing and subscriber acquisition efforts. The firm must also continually find and create appealing programming, which is increasingly difficult in an industry with more and larger competitors.

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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:

  1. 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.
  2. 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.
  3. 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.
  4. 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.

Better Bets vs. AMC Global Media (AMCX)

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Peer Comparisons

Peers to compare with:

Financials

AMCXNFLXDISLYVFWONAROKUMedian
NameAMC Glob.Netflix Walt Dis.Live Nat.Liberty .Roku  
Mkt Price11.7974.79103.53183.3393.44150.9198.48
Mkt Cap0.5313.3179.942.723.522.333.1
Rev LTM2,24648,37198,86126,2734,3395,20915,741
Op Inc LTM17314,35515,027771529273650
FCF LTM19111,1528,2931,3758027101,088
FCF 3Y Avg2928,8249,2669981,5314731,265
CFO LTM21911,97116,9892,6099317191,770
CFO 3Y Avg3289,40016,4631,8651,7114831,788

Growth & Margins

AMCXNFLXDISLYVFWONAROKUMedian
NameAMC Glob.Netflix Walt Dis.Live Nat.Liberty .Roku  
Rev Chg LTM-4.6%16.0%4.6%10.8%12.2%18.5%11.5%
Rev Chg 3Y Avg-9.5%14.6%4.0%11.5%21.6%17.4%13.0%
Rev Chg Q-8.8%13.4%6.8%9.4%-30.4%21.9%8.1%
QoQ Delta Rev Chg LTM-2.3%3.2%1.6%2.6%-8.6%4.9%2.1%
Op Inc Chg LTM-46.7%16.7%7.5%-22.0%18.9%275.3%12.1%
Op Inc Chg 3Y Avg-31.6%37.6%27.6%-2.5%51.1%122.7%32.6%
Op Mgn LTM7.7%29.7%15.2%2.9%12.2%5.2%10.0%
Op Mgn 3Y Avg12.7%27.7%14.2%3.8%11.0%-4.7%11.8%
QoQ Delta Op Mgn LTM-2.0%-0.0%0.9%0.0%-3.1%3.2%-0.0%
CFO/Rev LTM9.7%24.7%17.2%9.9%21.5%13.8%15.5%
CFO/Rev 3Y Avg13.6%22.1%17.4%7.5%42.4%10.6%15.5%
FCF/Rev LTM8.5%23.1%8.4%5.2%18.5%13.6%11.1%
FCF/Rev 3Y Avg12.1%20.7%9.8%4.0%38.0%10.4%11.2%

Valuation

AMCXNFLXDISLYVFWONAROKUMedian
NameAMC Glob.Netflix Walt Dis.Live Nat.Liberty .Roku  
Mkt Cap0.5313.3179.942.723.522.333.1
P/S0.26.51.81.65.44.33.1
P/Op Inc2.921.812.055.444.381.733.1
P/EBIT3.118.112.442.635.657.326.8
P/E-25.723.020.9316.9110.162.942.9
P/CFO2.326.210.616.425.231.120.8
Total Yield-3.9%4.4%5.3%0.3%0.9%1.6%1.2%
Dividend Yield0.0%0.0%0.5%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg79.5%2.5%4.8%2.9%8.3%3.4%4.1%
D/E3.40.00.30.30.20.00.2
Net D/E2.50.00.20.10.1-0.10.1

Returns

AMCXNFLXDISLYVFWONAROKUMedian
NameAMC Glob.Netflix Walt Dis.Live Nat.Liberty .Roku  
1M Rtn18.9%1.9%8.3%2.0%5.9%7.3%6.6%
3M Rtn45.9%-14.7%-1.7%10.7%12.5%18.2%11.6%
6M Rtn53.5%-9.0%-5.1%22.8%18.8%66.0%20.8%
12M Rtn74.4%-38.6%-6.7%18.7%10.1%84.1%14.4%
3Y Rtn-6.1%77.4%20.0%111.7%49.8%90.4%63.6%
1M Excs Rtn15.4%-1.5%5.0%-2.8%-0.9%3.2%1.2%
3M Excs Rtn39.7%-16.7%-4.6%8.2%5.6%13.6%6.9%
6M Excs Rtn47.9%-19.2%-13.6%13.0%10.4%59.5%11.7%
12M Excs Rtn59.6%-59.2%-27.5%-1.2%-11.9%60.4%-6.6%
3Y Excs Rtn-87.9%0.7%-48.8%36.4%-31.5%2.2%-15.4%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment2,3122,4212,7123,097 
Advertising    951
Distribution and other    2,127
Total2,3122,4212,7123,0973,078


Operating Income by Segment
$ Mil2015201420132012
National Networks754587502408
Inter-segment eliminations-3143
International and other-43-4277-49
Total709546582363


Price Behavior

Price Behavior
Market Price$11.79 
Market Cap ($ Bil)0.5 
First Trading Date06/16/2011 
Distance from 52W High-2.0% 
   50 Days200 Days
DMA Price$10.14$8.72
DMA Trendupup
Distance from DMA16.2%35.2%
 3M1YR
Volatility58.1%48.4%
Downside Capture-30.7438.42
Upside Capture139.5493.27
Correlation (SPY)1.1%17.7%
AMCX Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta0.71-0.140.110.430.790.93
Up Beta-3.77-2.79-1.66-0.940.340.75
Down Beta1.78-0.20-0.000.371.230.97
Up Capture260%118%132%137%113%66%
Bmk +ve Days11223567138427
Stock +ve Days10193163126368
Down Capture70%21%8%61%52%103%
Bmk -ve Days11212859114326
Stock -ve Days11223061117368

[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
AMCX81.0%48.4%1.37-
Sector ETF (XLC)4.4%14.9%0.0839.0%
Equity (SPY)22.1%12.8%1.2817.4%
Gold (GLD)28.2%28.4%0.86-6.2%
Commodities (DBC)37.4%20.1%1.47-18.1%
Real Estate (VNQ)12.5%13.8%0.6119.1%
Bitcoin (BTCUSD)-45.3%42.9%-1.289.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AMCX
AMCX-24.0%60.0%-0.22-
Sector ETF (XLC)7.4%20.9%0.2738.5%
Equity (SPY)13.3%17.2%0.6032.4%
Gold (GLD)18.8%18.6%0.822.8%
Commodities (DBC)9.3%19.6%0.366.2%
Real Estate (VNQ)1.9%18.9%-0.0032.7%
Bitcoin (BTCUSD)10.9%52.8%0.3915.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AMCX
AMCX-14.1%53.5%-0.07-
Sector ETF (XLC)9.2%22.2%0.4737.2%
Equity (SPY)15.3%17.9%0.7332.8%
Gold (GLD)12.0%16.2%0.61-1.5%
Commodities (DBC)7.9%18.0%0.359.6%
Real Estate (VNQ)4.5%20.7%0.1829.2%
Bitcoin (BTCUSD)59.4%66.1%0.9911.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7312026
Short Interest: Shares Quantity6.9 Mil
Short Interest: % Change Since 71520260.1%
Average Daily Volume0.8 Mil
Days-to-Cover Short Interest8.2 days
Basic Shares Quantity43.0 Mil
Short % of Basic Shares15.9%

Earnings Returns History

Updated 8/10/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/30/2026-5.3%17.4% 
5/8/20262.8%-2.9%13.1%
2/11/2026-2.3%14.9%-3.9%
11/7/20253.7%9.9%34.1%
8/8/20258.8%18.0%31.8%
5/9/20252.3%3.7%9.0%
2/14/2025-10.7%-21.6%-28.6%
11/8/20242.5%14.0%15.3%
...
SUMMARY STATS   
# Positive151611
# Negative10913
Median Positive6.4%11.2%22.9%
Median Negative-8.4%-8.1%-10.0%
Max Positive32.3%28.4%53.7%
Max Negative-15.4%-21.6%-28.6%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/30/2026-5.3%17.4% 
5/8/20262.8%-2.9%13.1%
2/11/2026-2.3%14.9%-3.9%
11/7/20253.7%9.9%34.1%
8/8/20258.8%18.0%31.8%
5/9/20252.3%3.7%9.0%
2/14/2025-10.7%-21.6%-28.6%
11/8/20242.5%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%
11/3/202313.8%2.2%27.0%
8/4/202313.4%2.4%-7.5%
5/9/20235.4%-6.3%-17.4%
2/17/202332.3%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%
11/5/202114.3%9.5%-7.5%
8/6/20216.4%6.1%-8.1%
5/7/20213.7%4.2%53.7%
2/26/202123.6%28.4%1.8%
11/2/20206.5%12.4%52.3%
8/4/20202.1%0.2%-4.3%
SUMMARY STATS   
# Positive151611
# Negative10913
Median Positive6.4%11.2%22.9%
Median Negative-8.4%-8.1%-10.0%
Max Positive32.3%28.4%53.7%
Max Negative-15.4%-21.6%-28.6%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202607/30/202610-Q
03/31/202605/08/202610-Q
12/31/202502/11/202610-K
09/30/202511/07/202510-Q
06/30/202508/08/202510-Q
03/31/202505/09/202510-Q
12/31/202402/14/202510-K
09/30/202411/08/202410-Q
06/30/202408/09/202410-Q
03/31/202405/10/202410-Q
12/31/202302/09/202410-K
09/30/202311/03/202310-Q
06/30/202308/04/202310-Q
03/31/202305/09/202310-Q
12/31/202202/17/202310-K
09/30/202211/04/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202607/30/202610-Q
03/31/202605/08/202610-Q
12/31/202502/11/202610-K
09/30/202511/07/202510-Q
06/30/202508/08/202510-Q
03/31/202505/09/202510-Q
12/31/202402/14/202510-K
09/30/202411/08/202410-Q
06/30/202408/09/202410-Q
03/31/202405/10/202410-Q
12/31/202302/09/202410-K
09/30/202311/03/202310-Q
06/30/202308/04/202310-Q
03/31/202305/09/202310-Q
12/31/202202/17/202310-K
09/30/202211/04/202210-Q
06/30/202208/05/202210-Q
03/31/202205/05/202210-Q
12/31/202102/16/202210-K
09/30/202111/05/202110-Q
06/30/202108/06/202110-Q
03/31/202105/07/202110-Q
12/31/202002/26/202110-K
09/30/202011/02/202010-Q
06/30/202008/05/202010-Q
03/31/202005/05/202010-Q
12/31/201902/27/202010-K
09/30/201910/31/201910-Q

Insider Activity

Updated 6/17/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Sherin, Michael J IiiEVP & Chief Accounting OfficerDirectSell31120267.965,96347,48384,790Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Sherin, Michael J IiiEVP & Chief Accounting OfficerDirectSell31120267.965,96347,48384,790Form

Investor Activity (13F)

Updated Aug 12, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
RWWM, Inc.$10.3 Mil0.8%34Hold13F
Active Manager
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
RWWM, Inc.$10.3 Mil0.8%34Hold13F

Industry Resources

Communication Services Resources
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The Hollywood Reporter
Adweek
Movies & Entertainment Resources
Deadline
IndieWire
Screen Daily
Core Cache Last Updated: 8/11/2026