Welcome to our dedicated page for AMC Networks news (Ticker: AMCX), a resource for investors and traders seeking the latest updates and insights on AMC Networks stock.
AMC Networks Inc. (NASDAQ: AMCX) is a renowned global entertainment company with over 30 years of experience producing quality programming and movie content. The company owns and operates several prominent and award-winning brands in cable television including AMC, IFC, SundanceTV, WE tv, and IFC Films. These brands deliver distinctive, compelling, and culturally relevant content that captivates audiences across a multitude of platforms. AMC Networks also operates AMC Networks International, its global division.
As of December 2023, AMC Networks reached nearly 65 million pay-TV households in the US with its most widely distributed network, AMC. The company's streaming subscribers also grew to nearly 11.5 million, with AMC+ as the flagship platform. AMC Networks focuses on original scripted programming through AMC Studios and earns revenue from licensing content.
The company has adapted to industry changes, recently introducing an ad-supported version of AMC+ and pioneering programmatic ad buying on its linear networks. AMC Networks continues to secure partnerships, including a pop-up on Max and presence on Xumo. The firm has maintained strong financial health, reporting year-over-year increases in free cash flow and streaming revenue, despite some declines in net revenues and operating income.
The company has announced exciting new content such as 'The Walking Dead: Daryl Dixon' and 'The Walking Dead: The Ones Who Live', which are set to premiere soon. AMC Networks also engages in strategic partnerships with major distributors and enhances its streaming offerings through innovative packaging and expanded distribution channels. These efforts ensure AMC Networks remains a profitable and influential player in the entertainment industry.
AMC Networks (NASDAQ: AMCX) will have Christina Spade, Chief Operating Officer & Chief Financial Officer, participate in the Morgan Stanley Technology, Media and Telecom Conference on March 7, 2022, at 4:10 p.m. PT / 7:10 p.m. ET.
A live webcast will be accessible on their website under “Investors,” with a replay available shortly after the session concludes.
AMC Networks is recognized for its acclaimed entertainment content, including popular streaming services such as AMC+, Acorn TV, Shudder, and HIDIVE, among others.
AMC Networks reported record financial results for the year ending December 31, 2021, achieving net revenues of $3.1 billion, a 9% increase from the previous year. The company ended the year with over 9 million streaming subscribers, a significant milestone supported by strong content offerings and the acquisition of anime distributor Sentai. Despite growth, operating income for Q4 decreased by 21.8% to $64 million. Adjusted EPS rose to $9.64 for the full year, up 24.2% compared to 2020. AMC Networks is on track to reach 20-25 million streaming subscribers by 2025.
AMC Networks (NASDAQ: AMCX) will hold a conference call on February 16, 2022, at 8:30 a.m. ET to discuss its fourth quarter and full year 2021 results. A press release will be issued before the market opens on the same day. Interested parties can join the call via AMC's website or by dialing 833-714-3268 with the conference ID 8714225. A recording will be accessible until February 23, 2022. AMC Networks is known for its streaming services and acclaimed content, including popular franchises.
AMC Networks and Comcast Cable have announced a new multi-year distribution agreement that ensures the continued carriage of AMC Networks' linear networks and enhances access to its streaming services for Xfinity TV and broadband customers. The deal expands the partnership around AMC+, which focuses on original scripted programming. The year 2022 is set to be significant for AMC Networks, featuring the final seasons of major series like The Walking Dead and new productions including Anne Rice’s Interview with the Vampire.
AMC Networks has finalized the acquisition of Sentai Holdings, a leading supplier of anime content and merchandise, including the HIDIVE streaming service. This strategic acquisition enhances AMC's position in the targeted streaming market, expanding its offerings and access to diverse anime content. The company anticipates its targeted streaming services will surpass 9 million paid subscribers by the end of 2021 and reach 20-25 million by 2025. The Sentai team will remain in senior roles, continuing its mission to deliver engaging anime content globally.
AMC Networks Inc. (NASDAQ: AMCX) announced that Matt Blank, Interim CEO, will participate in the UBS Global TMT Virtual Conference on December 6, 2021, at 10:00 a.m. Eastern Time. Investors can access a live webcast through the company’s website under the 'Investors' section, with a replay available shortly after the event concludes.
Known for its acclaimed content, AMC Networks' portfolio includes brands like AMC, BBC AMERICA, IFC, and SundanceTV, along with popular streaming services such as AMC+ and Shudder.
AMC Networks has appointed Christina Spade as Chief Operating Officer, expanding her role as Chief Financial Officer. Spade will oversee key businesses, including AMC Networks International, while continuing financial operations. Since joining in January 2021, she has significantly contributed to the company’s performance. AMC Networks reported strong revenue and AOI growth, updating its full-year guidance positively, and anticipates reaching 9 million paid subscribers across its streaming services, a 30% increase year-over-year. Upcoming content includes fan favorites like Better Call Saul and The Walking Dead.
AMC Networks reported strong third quarter results for 2021, with a 24% increase in net revenues to $811 million, driven by content licensing, streaming, and advertising growth. Operating income rose 35% to $188 million, while diluted EPS increased 118% to $2.55. The Company anticipates achieving 9 million paid subscribers by year-end and has raised its full-year guidance for revenue and adjusted operating income. Despite a 139.8% decline in net cash from operating activities, AMC is focused on sustainable streaming growth and expanding its content portfolio.
AMC Networks (NASDAQ: AMCX) will hold a conference call on November 5, 2021, at 8:30 a.m. ET to discuss Q3 2021 results. A press release with the results will be available before market opening. Participants can join the call via telephone at 833-714-3268, using conference ID 1525219, or through a live webcast on the company's website. A recording of the call will be accessible at 855-859-2056 until November 12, 2021. The company is known for its popular brands including AMC and SundanceTV, and is home to acclaimed series like The Walking Dead.
AMC Networks (NASDAQ: AMCX) announced the resignation of Ed Carroll, its chief operating officer, after 34 years. Carroll will stay until year-end to ensure a smooth transition. His tenure saw the transformation of AMC into an original programming powerhouse, developing iconic shows like Breaking Bad and Mad Men. He played a key role in launching the AMC+ streaming service and overseeing the growth of various targeted streaming platforms. Carroll's legacy includes expanding AMC Networks internationally and creating successful original content.
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