Company Expects 2026 Revenue of Approximately $2.25 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 11 2026
0mins
Should l Buy AMCX?
The company states: "We expect consolidated revenue for 2026 to be approximately $2.25 billion, as it is still early in the year. The geography of certain items may shift as the year unfolds. Notwithstanding that, I'll now unpack the current assumptions that underpin our revenue outlook. We anticipate that streaming revenue growth and linear subscription revenue headwinds will result in stable domestic operations. Subscription revenue as compared to 2025. We continue to be innovative, aggressive and strategic with regard to content licensing and anticipate approximately $260 million of domestic operations, content licensing revenue for 2026. Reflecting our current rate of production and market dynamics. We continue to make great strides in the evolution of our advertising business. That said, we anticipate that linear revenue declines will outpace digital growth in 2026 and expect that domestic advertising revenue will decrease in the low double digit percent area as compared to 2025. We anticipate that the underlying dynamics in the many international markets that we operate in will remain relatively consistent year over year, and expect total international segment revenue for 2026 to be between $290 million and $300 million.... For 2026, we expect to generate free cash flow of at least $200 million." Comments taken from Q4 earnings conference call.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy AMCX?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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: 8.660
Low
6.00
Averages
7.00
High
8.00
Current: 8.660
Low
6.00
Averages
7.00
High
8.00
About AMCX
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.
Warner Bros. Discovery Reopens Talks with Paramount Skydance
- Negotiation Reopening: Warner Bros. Discovery (WBD) announced it will reopen negotiations with Paramount Skydance under a seven-day waiver from Netflix to address deficiencies in Paramount's acquisition proposal, a move that could significantly impact shareholder value maximization for WBD.
- Acquisition Offer: Paramount launched a hostile tender offer at $30 per share in cash, although its leadership has stated this is not its best and final offer; recent enhancements to the proposal have not included a per-share price increase, indicating ongoing acquisition interest in WBD.
- Potential Price Increase: Amid the reopening of talks, a senior Paramount representative informed a WBD board member that they would be willing to pay $31 per share if negotiations were to resume, which could influence WBD's decision-making process.
- Shareholder Meeting Announcement: WBD announced a special shareholder meeting scheduled for March 20, with the board continuing to unanimously recommend the Netflix deal, reflecting strong support for the existing transaction while also showing caution towards Paramount's proposal.
See More
AMC Networks Initiates Consent Solicitation for Bond Amendments
- Bond Amendment Proposal: AMC Networks has announced a consent solicitation from holders of its 10.50% Senior Secured Notes due 2032 to amend covenants limiting payments, allowing up to $50 million in stock buybacks, which will enhance the company's capital flexibility and potentially increase shareholder returns.
- License Terms Adjustment: The proposal also includes revising restrictions on trademark transfers, permitting non-exclusive licenses to be transferred to unrestricted subsidiaries, which will help the company manage its brand more flexibly and enhance its competitive position in the market.
- Consent Solicitation Deadline: The deadline for the consent solicitation is set for February 23, 2026, at 5:00 PM, and if majority consent is obtained from bondholders, the company will execute a supplemental indenture, providing legal assurance for future capital operations.
- Consent Fee Distribution: The company plans to pay a total of $2 million in consent fees to bondholders who validly deliver their consent, with potential payouts ranging from $5 to $10 per $1,000 of bonds, further incentivizing investor participation in the consent solicitation.
See More
AMC Networks Q4 2025 Earnings Call Highlights
- Streaming Revenue Growth: AMC Networks reported a 14% increase in streaming revenue in Q4 2025, making it the largest single source of domestic revenue, marking a significant milestone in the company's strategic transformation and laying a foundation for future revenue stability.
- Free Cash Flow Performance: The company achieved $272 million in free cash flow for 2025, exceeding previous forecasts, and expects to generate at least $200 million in free cash flow for 2026, demonstrating strong financial health and ongoing cash generation capabilities.
- Content Expansion and Partnerships: AMC Networks launched the targeted streaming service All Reality and relaunched Sundance Now to expand content offerings and capture niche audiences, while acquiring full ownership of RLJ Entertainment to enhance appeal to younger viewers.
- Advertising Revenue Outlook: Although domestic advertising revenue is expected to decline in the low double-digit percentage range in 2026, growth in digital and streaming advertising indicates the company's ability to adapt to market changes, with management expressing optimism about future advertising strategies.
See More
AMC Networks Reports Mixed Q4 Results Amid Streaming Growth
- Streaming Revenue Growth: AMC Networks has identified streaming as the largest source of revenue in its domestic segment, with a 14% increase in streaming revenue in Q4, marking a significant inflection point in the company's transformation despite a slight overall revenue decline, indicating potential in emerging markets.
- User Activation: The company completed significant affiliate renewal activities last year, covering over a third of its subscriber base in the U.S. and Canada, including more than 1.1 million Spectrum customers activating ad-supported AMC+ since its launch, which enhances the stability of its user base.
- Financial Performance: AMC Networks reported an adjusted profit of $0.64 per share for Q4, unchanged from the same quarter last year and slightly below the expected $0.66, yet the company delivered free cash flow well ahead of its previously increased forecast, demonstrating effective financial management.
- Decline in Advertising Revenue: Despite a 12% increase in content licensing revenue, a 10.2% drop in advertising revenue and a 13% decline in affiliate revenue led to a 0.8% decrease in total revenue to $594.8 million, reflecting the pressure of industry changes on traditional revenue models.
See More
AMC Networks Q4 Earnings Report Analysis
- Earnings Performance: AMC Networks reported a Q4 non-GAAP EPS of $0.64, missing expectations by $0.02, indicating pressure on profitability that may affect investor confidence.
- Revenue Analysis: The company's Q4 revenue stood at $594.8 million, down 0.8% year-over-year, although it beat market expectations by $12.97 million, the ongoing revenue decline suggests potential challenges for future growth.
- Market Sentiment: Following the earnings miss, market sentiment towards AMC Networks remains cautious, with analysts maintaining a bearish outlook on its multi-year prospects, which could lead to downward pressure on the stock price.
- Historical Data Context: Historical financial data for AMC Networks indicates that while there are instances of revenue exceeding expectations, the overall trend reveals challenges in a competitive media landscape, necessitating effective strategies to restore growth.
See More
AMC Networks Reports Strong 2025 Financial Results
- Streaming Revenue Growth: AMC Networks' streaming revenue grew by 14% in 2025, becoming the largest revenue source in its domestic segment, marking a significant milestone in the company's transformation and enhancing its market competitiveness.
- Strong Cash Flow Performance: In 2025, AMC Networks achieved a free cash flow of $272 million, exceeding expectations, demonstrating effective financial management and providing ample funds for future investments.
- Key Acquisition Completed: In the fourth quarter, AMC Networks acquired the remaining 17% of RLJ Entertainment for $75 million, further solidifying its market position in streaming and content production, which is expected to drive future revenue growth.
- Significant Improvement in Operating Loss: The operating loss for the fourth quarter was $51 million, an 80% improvement from $254 million in the same period last year, indicating substantial enhancements in cost control and operational efficiency.
See More
Warner Bros. Discovery Reopens Talks with Paramount Skydance
- Negotiation Reopening: Warner Bros. Discovery (WBD) announced it will reopen negotiations with Paramount Skydance under a seven-day waiver from Netflix to address deficiencies in Paramount's acquisition proposal, a move that could significantly impact shareholder value maximization for WBD.
- Acquisition Offer: Paramount launched a hostile tender offer at $30 per share in cash, although its leadership has stated this is not its best and final offer; recent enhancements to the proposal have not included a per-share price increase, indicating ongoing acquisition interest in WBD.
- Potential Price Increase: Amid the reopening of talks, a senior Paramount representative informed a WBD board member that they would be willing to pay $31 per share if negotiations were to resume, which could influence WBD's decision-making process.
- Shareholder Meeting Announcement: WBD announced a special shareholder meeting scheduled for March 20, with the board continuing to unanimously recommend the Netflix deal, reflecting strong support for the existing transaction while also showing caution towards Paramount's proposal.
See More
AMC Networks Initiates Consent Solicitation for Bond Amendments
- Bond Amendment Proposal: AMC Networks has announced a consent solicitation from holders of its 10.50% Senior Secured Notes due 2032 to amend covenants limiting payments, allowing up to $50 million in stock buybacks, which will enhance the company's capital flexibility and potentially increase shareholder returns.
- License Terms Adjustment: The proposal also includes revising restrictions on trademark transfers, permitting non-exclusive licenses to be transferred to unrestricted subsidiaries, which will help the company manage its brand more flexibly and enhance its competitive position in the market.
- Consent Solicitation Deadline: The deadline for the consent solicitation is set for February 23, 2026, at 5:00 PM, and if majority consent is obtained from bondholders, the company will execute a supplemental indenture, providing legal assurance for future capital operations.
- Consent Fee Distribution: The company plans to pay a total of $2 million in consent fees to bondholders who validly deliver their consent, with potential payouts ranging from $5 to $10 per $1,000 of bonds, further incentivizing investor participation in the consent solicitation.
See More
AMC Networks Q4 2025 Earnings Call Highlights
- Streaming Revenue Growth: AMC Networks reported a 14% increase in streaming revenue in Q4 2025, making it the largest single source of domestic revenue, marking a significant milestone in the company's strategic transformation and laying a foundation for future revenue stability.
- Free Cash Flow Performance: The company achieved $272 million in free cash flow for 2025, exceeding previous forecasts, and expects to generate at least $200 million in free cash flow for 2026, demonstrating strong financial health and ongoing cash generation capabilities.
- Content Expansion and Partnerships: AMC Networks launched the targeted streaming service All Reality and relaunched Sundance Now to expand content offerings and capture niche audiences, while acquiring full ownership of RLJ Entertainment to enhance appeal to younger viewers.
- Advertising Revenue Outlook: Although domestic advertising revenue is expected to decline in the low double-digit percentage range in 2026, growth in digital and streaming advertising indicates the company's ability to adapt to market changes, with management expressing optimism about future advertising strategies.
See More
AMC Networks Reports Mixed Q4 Results Amid Streaming Growth
- Streaming Revenue Growth: AMC Networks has identified streaming as the largest source of revenue in its domestic segment, with a 14% increase in streaming revenue in Q4, marking a significant inflection point in the company's transformation despite a slight overall revenue decline, indicating potential in emerging markets.
- User Activation: The company completed significant affiliate renewal activities last year, covering over a third of its subscriber base in the U.S. and Canada, including more than 1.1 million Spectrum customers activating ad-supported AMC+ since its launch, which enhances the stability of its user base.
- Financial Performance: AMC Networks reported an adjusted profit of $0.64 per share for Q4, unchanged from the same quarter last year and slightly below the expected $0.66, yet the company delivered free cash flow well ahead of its previously increased forecast, demonstrating effective financial management.
- Decline in Advertising Revenue: Despite a 12% increase in content licensing revenue, a 10.2% drop in advertising revenue and a 13% decline in affiliate revenue led to a 0.8% decrease in total revenue to $594.8 million, reflecting the pressure of industry changes on traditional revenue models.
See More
AMC Networks Q4 Earnings Report Analysis
- Earnings Performance: AMC Networks reported a Q4 non-GAAP EPS of $0.64, missing expectations by $0.02, indicating pressure on profitability that may affect investor confidence.
- Revenue Analysis: The company's Q4 revenue stood at $594.8 million, down 0.8% year-over-year, although it beat market expectations by $12.97 million, the ongoing revenue decline suggests potential challenges for future growth.
- Market Sentiment: Following the earnings miss, market sentiment towards AMC Networks remains cautious, with analysts maintaining a bearish outlook on its multi-year prospects, which could lead to downward pressure on the stock price.
- Historical Data Context: Historical financial data for AMC Networks indicates that while there are instances of revenue exceeding expectations, the overall trend reveals challenges in a competitive media landscape, necessitating effective strategies to restore growth.
See More
AMC Networks Reports Strong 2025 Financial Results
- Streaming Revenue Growth: AMC Networks' streaming revenue grew by 14% in 2025, becoming the largest revenue source in its domestic segment, marking a significant milestone in the company's transformation and enhancing its market competitiveness.
- Strong Cash Flow Performance: In 2025, AMC Networks achieved a free cash flow of $272 million, exceeding expectations, demonstrating effective financial management and providing ample funds for future investments.
- Key Acquisition Completed: In the fourth quarter, AMC Networks acquired the remaining 17% of RLJ Entertainment for $75 million, further solidifying its market position in streaming and content production, which is expected to drive future revenue growth.
- Significant Improvement in Operating Loss: The operating loss for the fourth quarter was $51 million, an 80% improvement from $254 million in the same period last year, indicating substantial enhancements in cost control and operational efficiency.
See More
