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) announced a leadership change with Josh Sapan transitioning from President and CEO to Executive Vice Chairman after 26 years. Matthew Blank, a seasoned media executive, has been appointed as Interim CEO while the company searches for a permanent replacement. Sapan's tenure saw AMC grow into a global entertainment leader known for acclaimed originals like Mad Men and The Walking Dead. Blank aims to enhance AMC's streaming services, which include AMC+, Acorn TV, and Shudder, during this transition period.
AMC Networks reported a strong second quarter for 2021, with net revenues rising 19% to $771 million compared to the previous year. The company experienced significant growth in its streaming services, notably AMC+, which is now its fastest-growing service. Operating income increased 39.9% to $68 million, while diluted EPS surged by 196.4% to $0.83. However, net cash from operating activities fell by 89.6% to $23.6 million. The company also announced a $200 million settlement related to The Walking Dead, affecting its financial metrics.
AMC Networks (NASDAQ: AMCX) has scheduled a conference call to discuss its Q2 2021 results on August 6, 2021, at 8:30 a.m. ET. A press release will be issued before the market opens. The call can be accessed via the company’s website or by dialing 833-714-3268 with conference ID 5273816 around 15 minutes prior. A replay will be available from 11:30 a.m. on August 6 until 11:59 p.m. on August 13. AMC Networks, known for its acclaimed content, oversees popular brands like AMC and SundanceTV.
AMC Networks will hold its Annual Meeting of Stockholders on June 16, 2021, at 10:00 a.m. EDT in person at the J.P. Morgan Club, Madison Square Garden Arena, NYC. Stockholders must obtain an admission ticket in advance and can do so until June 9, 2021. Proper identification and COVID-19 safety protocols will be enforced for attendance. Proxy voting is encouraged for stockholders unable to attend.
Record Date for voting eligibility was set for April 19, 2021. For further details, refer to the proxy materials.
AMC Networks Inc. (NASDAQ: AMCX) will have CEO Josh Sapan attend the MoffettNathanson Media & Communications Virtual Summit on May 13, 2021, starting at 9:00 a.m. ET. The event will be accessible via live webcast on AMC's investor website, with a replay available shortly after the presentation concludes. AMC Networks is renowned for its acclaimed content, operating channels like AMC and BBC AMERICA, and offering streaming services such as AMC+ and Shudder, along with its in-house studio producing award-winning series like The Walking Dead.
AMC Networks (NASDAQ: AMCX) reported Q1 2021 results with net revenues of $692 million, down 5.8% year-over-year. Operating income decreased by 1.9% to $170 million, yet diluted EPS soared by 65.6% to $2.02, indicating strong profitability amidst revenue declines. The company is on track to achieve its 2021 subscriber target of 9 million paid subscribers and has expanded its streaming services. Significant changes to segment reporting and a spin-off of Levity's businesses were also highlighted, alongside a robust free cash flow of $97 million.
AMC Networks (NASDAQ: AMCX) will host a conference call on May 7, 2021, at 8:30 a.m. ET to discuss its first quarter 2021 results. A press release detailing the results will be issued prior to market opening on the same day.
The conference call will be accessible via webcast on the AMC Networks website and participants can join by dialing 833-714-3268 with conference ID 4983104, 15 minutes before the call. A recording will be available after the call and can be accessed until May 14, 2021.
AMC Networks reported strong 2020 results, ending with over 6 million streaming subscribers, a 157% year-over-year growth. Total revenues reached $2.8 billion, with net income of $240 million ($4.64 per diluted share). Operating cash flow improved to $749 million, and free cash flow was $686 million. The company returned $354 million to shareholders through stock buybacks. However, overall revenues declined 8% from 2019, largely due to lower subscription and advertising revenues attributed to COVID-19 impacts.
AMC Networks and Omnicom Media Group have successfully executed two national linear addressable advertising campaigns for Volkswagen and another major advertiser, reaching nearly 25 million U.S. homes through Comcast and Charter systems. The campaigns showcased the efficiency of addressable advertising, achieving higher delivery and frequency than traditional methods. AMC plans to implement addressable advertising across all its platforms and enhance tracking and measurement capabilities to improve advertising effectiveness moving forward.
AMC Networks (NASDAQ: AMCX) will host a conference call on February 26, 2021, at 8:30 a.m. ET to discuss its 2020 fourth-quarter and full-year results. A press release detailing the results will be issued before the market opens.
The call will be available via webcast on the company’s website. Interested participants can also join by phone at 833-714-3268, using conference ID 5976434. A replay will be accessible from 11:30 a.m. on February 26 until March 5, 2021. AMC Networks is a global entertainment firm, renowned for its acclaimed content including popular series like The Walking Dead.
FAQ
What is the current stock price of AMC Networks (AMCX)?
What is the market cap of AMC Networks (AMCX)?
What is AMC Networks Inc. known for?
How many households does AMC Networks reach?
What are some of AMC Networks’ streaming platforms?
What recent innovations has AMC Networks introduced?
Who are AMC Networks' partners for content distribution?
What are some upcoming shows on AMC Networks?
How has AMC Networks performed financially?
What changes have been made to AMC Networks’ international operations?
How many streaming subscribers does AMC Networks have?
What strategic moves has AMC Networks made recently?
