AMCX Earnings Prediction
The chart below shows how AMCX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AMCX sees a +1.89% change in stock price 10 days leading up to the earnings, and a -3.93% change 10 days following the report. On the earnings day itself, the stock moves by +0.53%. This data can give you a slight idea of what to expect for the next quarter's release.
AMCX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
599.30M
-11.72%
-0.05%
Gross Margin
47.42%
25.18%
-1.54%
Operating Margin
15.27%
72.15%
-5.74%
Net Margin
-48.31%
721.60%
-724.16%
EPS
-6.38
-1176.00%
-939.47%
No Data Available
AMCX Earnings Analysis
AMC Networks Inc Corporation (AMCX.O) Earnings Conference Call
Positive
2024 Financial Performance: AMC Networks achieved its full year guidance for 2024, reporting consolidated revenue of $2.4 billion, consolidated AOI of $563 million, and free cash flow of $331 million.
Increased Cash Flow Outlook: The company increased its outlook for cumulative free cash flow to approximately $550 million over the 2024-2025 period, indicating strong cash generation.
Branded Licensing Success: AMC Networks successfully launched an expansive branded licensing agreement with Netflix, which boosted viewer awareness and interest in its titles, leading to significant viewership increases on its own platform.
Engagement and Acquisition Growth: The partnership and bundling activities in the fourth quarter resulted in double-digit gains in engagement and acquisition on AMC+, showcasing the strength of its IP and ability to reach viewers.
AMC+ Access Expansion: AMC Networks renewed agreements representing about half of its U.S. linear footprint, including multi-year deals with major distributors, which will significantly expand access to AMC+.
Record Viewership Success: The company saw record viewership during its programming events, with AMC finishing the quarter as a top 10 entertainment network among adults 25-54, driven by successful events like Fear Fest and Best Christmas Ever.
Streaming Subscriber Growth: AMC Networks' targeted streaming services, such as Shudder and Acorn TV, continue to attract viewers with unique content offerings, contributing to overall subscriber growth.
Oscar Nomination Success: IFC Films had a successful year with critically acclaimed titles and received an Oscar nomination for Memoir of a Snail, highlighting the quality of its film production.
Debt Reduction and Liquidity: The company is focused on maintaining a strong balance sheet, having reduced gross debt by approximately $500 million and ending the year with about $1 billion in total liquidity.
Negative
Revenue Decline Analysis: Consolidated revenue decreased 6% on an apples to apples basis, indicating a decline in overall financial performance.
Operating Loss Challenges: Consolidated operating loss was $40 million, highlighting financial challenges faced by the company.
Operating Loss Reported: The company reported a consolidated operating loss of $254 million for the fourth quarter, which included significant impairment and restructuring charges.
Domestic Revenue Decline: Domestic operations revenues decreased 9% for the full year and 11% for the fourth quarter, reflecting ongoing struggles in the domestic market.
Subscription Revenue Decline: Subscription revenue decreased 5% for the full year and 4% for the fourth quarter, primarily due to linear subscriber declines.
Advertising Revenue Decline: Domestic operations advertising revenue decreased 11% for the year and 12% for the fourth quarter, indicating a challenging ad market.
International Subscription Revenue Decline: International subscription revenues declined 11% for the full year and 5% for the quarter, attributed to non-renewal of distribution agreements and unfavorable foreign exchange rates.
Revenue Decline Forecast: The company expects total consolidated revenue for 2025 to decrease approximately 5% compared to 2024, indicating continued revenue challenges ahead.
Decline in Advertising Revenue: The outlook for 2025 anticipates a decline in domestic advertising revenue by approximately 10%, reflecting ongoing difficulties in the linear ratings environment.
SG&A Expense Increase: The company expects a year-over-year increase in SG&A expenses for 2025, primarily due to increased marketing investments, which may impact profitability.
AMCX FAQs
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AMCX Earning Call Sentiment
Earnings call transcript: AMC Networks Q4 2024 misses EPS expectations
AMCX.O
3.92%Positive
The earnings call highlights several concerns: a decrease in consolidated revenue and domestic operations revenue, increased debt, and anticipated rising expenses. Despite positive streaming growth and free cash flow, the overall financial health appears strained, with management's unclear responses in the Q&A section raising further doubts. The lack of emphasis on shareholder returns and the absence of new partnerships or optimistic guidance suggest a negative market reaction.
