Logo

AMCX

AMC Networks Inc.

AMCX

AMC Networks Inc. • NASDAQ
$8.92 ▲ 2.06% (+0.18)
Market Cap $388.26 M
52w High $10.60
52w Low $5.41
Dividend Yield 0%
P/E -2.42
Volume 151.17K
Outstanding Shares 43.53M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $561.741M ▼ $215.148M ▼ $76.529M ▲ 13.624% ▲ $1.73 ▲ $360.502M ▲
Q2-2025 $600.024M ▲ $251.679M ▲ $50.289M ▲ 8.381% ▲ $1.12 ▲ $349.434M ▼
Q1-2025 $555.233M ▼ $223.69M ▼ $18.049M ▲ 3.251% ▲ $0.4 ▲ $360.37M ▲
Q4-2024 $599.305M ▼ $560.98M ▲ $-284.497M ▼ -47.471% ▼ $-6.35 ▼ $14.829M ▼
Q3-2024 $599.614M $218.215M $41.382M 6.901% $1.93 $361.541M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $716.838M ▼ $4.209B ▼ $3.066B ▼ $1.053B ▲
Q2-2025 $866.407M ▼ $4.422B ▲ $3.355B ▲ $971.692M ▲
Q1-2025 $870.229M ▲ $4.332B ▼ $3.35B ▼ $888.837M ▲
Q4-2024 $784.649M ▼ $4.362B ▼ $3.422B ▼ $855.595M ▼
Q3-2024 $816.377M $4.825B $3.492B $1.117B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $76.529M ▲ $42.497M ▼ $-9.421M ▼ $-181.401M ▼ $-149.569M ▼ $39.665M ▼
Q2-2025 $52.706M ▲ $102.791M ▼ $-7.74M ▲ $-113.264M ▼ $-3.822M ▼ $95.741M ▲
Q1-2025 $18.049M ▲ $108.805M ▲ $-14.62M ▲ $-12.966M ▲ $85.58M ▲ $94.185M ▲
Q4-2024 $-289.521M ▼ $58.108M ▼ $-20.209M ▼ $-57.484M ▼ $-31.728M ▼ $37.585M ▼
Q3-2024 $46.44M $62.235M $-8.145M $-46.817M $13.824M $53.941M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Advertising
Advertising
 $160.00M ▲$360.00M ▲$140.00M ▼$150.00M ▲
License
License
 $80.00M ▲$130.00M ▲$60.00M ▼$80.00M ▲
Subscription and Circulation
Subscription and Circulation
 $360.00M ▲$730.00M ▲$360.00M ▼$370.00M ▲
Entertainment
Entertainment
 $440.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been drifting down over the last several years, showing the pressure from cord-cutting and intense streaming competition. Gross profit has held up reasonably well, but operating profit has weakened and most recently slipped into a small loss. Net income has turned negative after a few years of only modest profitability, suggesting higher content costs, restructuring, or write-downs are weighing on results. Overall, the business is still generating operating earnings before depreciation, but profitability is clearly under strain and more volatile than earlier in the decade.

Balance Sheet

Balance Sheet The balance sheet shows a company with meaningful debt and a relatively thin equity cushion. Total assets have gradually come down, which can reflect both asset write-downs and a more cautious investment stance. Debt levels have inched lower from earlier peaks but still represent a significant claim on the business. Cash on hand is decent for a company of this size, offering some flexibility, yet the combination of leverage and weaker earnings heightens financial risk and leaves less room for prolonged downturns.

Cash Flow

Cash Flow The company continues to generate positive cash from operations, but the amounts are modest compared with its revenue base. Free cash flow has been positive throughout the period, helped by very low capital spending requirements, which is typical for a content and networks business. That said, free cash flow is not especially large relative to the debt load, so while the company is self-funding and not burning cash, it does not have a wide margin of safety if industry conditions worsen further.

Competitive Edge

Competitive Edge AMC Networks occupies a focused, niche position rather than trying to compete head-on with the largest global streamers. Its strengths lie in passionate fan bases around franchises like The Walking Dead and the Anne Rice universe, plus a portfolio of niche streaming services that serve specific tastes in horror, British drama, anime, and more. This targeted approach can support loyal audiences and lower churn. However, the company is much smaller than the major platforms, has less marketing and content firepower, and still faces the structural drag from declining traditional TV. Its strategy relies on carefully monetizing a curated content library across linear, streaming, and licensing rather than chasing scale at any cost.

Innovation and R&D

Innovation and R&D AMC Networks is leaning into technology and product innovation to offset its scale disadvantage. It has modernized its content pipeline with a digital asset system that makes it easier and cheaper to reuse content across many outlets. On the advertising side, it has built advanced tools for targeted and interactive ads, aiming to give marketers clearer links between ad exposure and consumer behavior. The company is also experimenting with AI in content and marketing, expanding ad-supported streaming tiers, and launching new niche services where it sees underserved audiences. These efforts are more about smart execution and data use than about massive R&D spending, but they do give AMC a more agile, digitally oriented profile than many legacy peers.

Summary

AMC Networks is a mid-sized media company in the middle of a tough transition. Financially, it still generates cash but is seeing shrinking revenue, thinner margins, and occasional losses, all while carrying meaningful debt. Competitively, it has real strengths in distinctive brands, passionate fan communities, and a cost-conscious, multi-platform distribution model, yet it operates in a structurally challenged, highly competitive industry dominated by much larger players. Its innovation focus—targeted streaming, advanced ad tech, and flexible licensing—gives it tools to carve out a durable niche, but execution needs to remain strong and consistent to stabilize earnings and support its balance sheet over time.

NEWS

November 7, 2025 · 7:00 AM UTC

AMC Networks Inc. Reports Third Quarter 2025 Results

Read more

October 16, 2025 · 9:00 AM UTC

AMC Networks to Report Third Quarter 2025 Results

Read more