AMC Networks Stock Slips: What's Behind the Sharp Revenue and EPS Decline?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 10 2024
0mins
Should l Buy AMCX?
Source: Benzinga
- Revenue and Earnings: AMC Networks Inc. reported a 16.9% revenue decline in the first quarter of fiscal year 2024, with adjusted EPS falling by 55.7%.
- Domestic Operations: The company experienced declines in affiliate revenue, advertising revenues, and content licensing revenues due to various factors.
- Streaming Subscribers: Despite setbacks, AMC Networks saw a 2% increase in streaming subscribers, reaching 11.5 million, driven by offerings like AMC+ and new content additions.
- Financial Performance: Consolidated adjusted operating income decreased by 30.9%, with free cash flow at $144.15 million.
- Market Response: AMC Networks stock dropped nearly 8% in the past year, and investors can access the stock through specific ETFs.
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Analyst Views on AMCX
Wall Street analysts forecast AMCX stock price to fall
3 Analyst Rating
0 Buy
2 Hold
1 Sell
Moderate Sell
Current: 8.230
Low
6.00
Averages
7.00
High
8.00
Current: 8.230
Low
6.00
Averages
7.00
High
8.00
About AMCX
AMC Global Media Inc, formerly AMC Networks Inc., is a global entertainment company. The Company creates and curates series and films across distinct brands and makes them available to audiences everywhere. The Domestic Operations segment consists of five programming networks, streaming services, AMC Studios operation, and film distribution business. Its programming networks are AMC, We TV, BBC AMERICA, IFC, and SundanceTV. Its streaming services consist of AMC+ and its targeted subscription streaming services (Acorn TV, Shudder, Sundance Now, ALLBLK, and HIDIVE). Its AMC Studios operation produces original programming for its programming services and third parties and also licenses programming worldwide. Its film distribution business includes Independent Film Company, RLJ Entertainment Films and Shudder. The International segment consists of AMC Networks International (AMCNI), its international programming businesses consisting of a portfolio of channels distributed around the world.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Authentic Artifacts: The Mini Museum will feature 32 screen-used elements from props, costumes, and set pieces used in filming The Walking Dead, with their authenticity appealing to collectors and fans, thus increasing market appeal.
- Cultural Impact: By launching this unique collection, AMC not only solidifies its position in the entertainment industry but also leverages The Walking Dead's cultural influence to drive sales of related products and foster brand loyalty.
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- Iconic Props: The collection includes notable items such as Negan's baseball bat 'Lucille', Michonne's katana, and Rick's cowboy boots, all sourced directly from AMC's archives, ensuring authenticity and collectible value for fans.
- Limited Edition: The series will be limited to 5,000 pieces, which is expected to attract significant fan support, further enhancing The Walking Dead's influence among its global fanbase while providing Mini Museum with new business opportunities.
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See More
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- Trustee Notification: The company has instructed U.S. Bank Trust Company to distribute a notice of redemption to all registered holders on March 26, 2026, ensuring that all bondholders are informed in a timely manner about the redemption process.
- Market Reaction: Following the redemption announcement, AMC Networks' stock fell 2.08% in premarket trading to $6.5603, reflecting market concerns regarding the company's financial health, which may impact investor confidence.
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