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AMC Networks

Operates cable networks and streaming services

Overview

AMC Networks owns and operates a group of cable networks and streaming services. It earns revenue mainly from distribution fees paid by cable and satellite operators and from advertising on its channels, plus a growing streaming lineup including AMC+, Shudder, and Acorn TV with both original and licensed content. It differentiates itself by offering multiple premium, narrative-driven networks and owned streaming brands that target adults 25–54, emphasizing acclaimed originals and global reach. Its goal is to reach a broad, global audience with high-quality entertainment while growing viewership and financial performance through a balanced mix of distribution, advertising, and streaming.

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About AMC Networks

Simplify's Rating
Why AMC Networks is rated
C-
Rated C on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Consumer SoftwareEntertainment

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Penfield, NY

Founded

1980

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What believers are saying

  • Q3 2026 streaming revenue rose 4%, or 7% excluding ALLBLK, with stronger engagement.
  • AMC+ launches The Walking Dead Universe Collection on January 7, 2027.
  • All seasons of Dark Winds and FearFest 2026 deepen monetization of owned franchises.

What critics are saying

  • Q3 2026 free cash flow was negative $52 million after the $85 million Walking Dead payment.
  • Affiliate revenue fell 11% and advertising revenue fell 7% in Q3 2026.
  • Cable declines and $1.3 billion net debt threaten AMC Networks' standalone viability by 2028.

What makes AMC Networks unique

  • AMC Networks still owns premium fan IP like The Walking Dead and Dark Winds.
  • November 2026 Netflix partnership extends The Walking Dead and co-funds new AMC Studios series.
  • Targeted streaming bundles and relaunching AMC+ give AMC more control than legacy cable peers.

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Funding

Total Funding

$1.3B

Above

Industry Average

Funded Over

2 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • Health Savings Account/Flexible Spending Account
  • Unlimited Paid Time Off
  • Flexible Work Hours
  • Remote Work Options
  • Paid Vacation
  • Paid Sick Leave
  • Paid Holidays

Stock Price

Company News

Watchlist News
Nov 10th, 2026
AMC Networks Q3 earnings call highlights.

AMC Networks Q3 earnings call highlights. AMC Networks (NASDAQ:AMCX) reported 1% consolidated revenue growth for the third quarter of 2026, as gains in streaming and content licensing helped offset declines in affiliate and advertising revenue. The company maintained its full-year outlook after selling its ALLBLK streaming service and settling litigation related to The Walking Dead. Chief Executive Officer Kristin Dolan said domestic affiliate and advertising revenue trends improved both sequentially and from a year earlier. Chief Financial Officer Hozefa Lokhandwala said third-quarter adjusted operating income was $70 million, while free cash flow was negative $52 million, reflecting an $85 million settlement payment. Excluding that payment, quarterly free cash flow would have been $33 million, Lokhandwala said. Streaming and licensing offset traditional TV declines. Domestic operations revenue rose 2% in the quarter. Subscription revenue fell 2%, reflecting a 4% increase in streaming revenue and an 11% decline in affiliate revenue. Excluding ALLBLK, streaming revenue increased 7% on a comparable basis, with growth reflecting price increases across the company's services. Dolan said customer retention, excluding ALLBLK, was consistent with the prior year despite rate increases across the services. Average viewing hours per active user rose sequentially and year over year, while total hours watched across the remaining streaming portfolio increased by a double-digit percentage from the prior quarter, she said. Domestic content licensing revenue was $84 million, reflecting the timing of content deliveries. Lokhandwala reiterated that the company expects $460 million to $485 million in domestic content licensing revenue for the full year, with the majority recognized in the fourth quarter. Domestic advertising revenue declined 7% because of a softer advertising market, partly offset by digital growth. President and Chief Commercial Officer Kim Kelleher said investments in programmatic advertising, audience targeting and data helped the company capture digital demand, including early political advertising in the third quarter. Lokhandwala attributed the improved affiliate revenue trend to new agreements and contractual changes. He said the company expects the full-year rate of decline to look similar to 2025, without providing a breakdown between subscriber losses and pricing. Settlement and ALLBLK sale. The company's $120 million settlement of The Walking Dead litigation includes the $85 million paid in the third quarter and a $35 million advance against future participations due in January. Lokhandwala said the settlement payment does not affect adjusted operating income. AMC also sold ALLBLK to MACRO during the quarter. The service had approximately 600,000 subscribers at the time of the sale, and the transaction included a multiyear content licensing agreement. Lokhandwala said ALLBLK was profitable but did not disclose transaction details. The sale leaves the company with six targeted streaming services. Dolan said AMC is seeking distribution through wholesale, retail, direct-to-consumer and bundled offerings, and is preparing to relaunch AMC+ with more advanced capabilities. Netflix partnership and content plans. AMC plans to bring the original The Walking Dead series to AMC+ for the first time as part of a January 7 launch featuring every episode across the franchise, along with specials and behind-the-scenes content. The move follows a global co-exclusive licensing agreement with Netflix for the franchise. The companies also agreed to jointly fund and own new AMC Studios series for both platforms. The first project under that arrangement, the spy drama Bannerman, is expected to begin production in January and premiere later in the year, Dolan said. Dan McDermott, chief content officer and president of AMC Studios, said the Netflix model reduces AMC's programming cash investment while preserving shared long-term upside. After the initial license periods end, the partners can pursue additional licensing, with costs recouped and profits shared, he said. Outlook and balance sheet. For 2026, AMC continues to forecast consolidated revenue of $2.4 billion to $2.45 billion and adjusted operating income of $410 million to $420 million. Lokhandwala said the company expects to meet that guidance despite the loss of ALLBLK's contribution following the sale. Management also continues to anticipate approximately $150 million in full-year free cash flow, including the after-tax impact of the $85 million settlement payment. Lokhandwala cautioned that the timing of cash receipts and payments can shift free cash flow between quarters. The company ended the quarter with $440 million in cash and approximately $1.3 billion in net debt. In October, it completed a $30 million accelerated share repurchase covering 2.8 million shares. Lokhandwala said AMC continues to prioritize gross debt reduction over acquisitions and share repurchases. About AMC Networks (NASDAQ:AMCX). AMC Networks Inc is an entertainment company that develops, produces, and distributes television and digital media content. The company's portfolio includes the AMC, BBC America, IFC, SundanceTV, and WE tv networks, which offer scripted and unscripted programming, films, documentaries, and other entertainment content. AMC Networks also operates a range of streaming and digital services, including AMC+, Acorn TV, Shudder, ALLBLK, and HIDIVE. These platforms provide on-demand access to original series, films, genre programming, international content, and offerings from the company's television brands.

Yahoo Finance
Nov 9th, 2026
AMC Networks misses Q3 revenue estimates at $566.1M but adjusted EPS of $0.44 beats forecasts

AMC Networks missed Wall Street's revenue forecasts in the third quarter, though earnings beat expectations. Revenue was flat year on year at $566.1 million, against analyst consensus of $571.4 million. Adjusted earnings per share were $0.44, versus consensus of -$0.01 and $0.18 a year earlier. Operating margin fell to -7.4% from 9.9%, and free cash flow was -$52.44 million, compared with $42 million a year earlier. Chief executive officer Kristin Dolan pointed to growth in licensing and streaming, and improving domestic affiliate and advertising trends. Shares rose 1.1% to $9.02 after the release. The company's market capitalisation is $346.1 million.

MarketBeat
Nov 9th, 2026
AMC Networks (NASDAQ:AMCX) posts quarterly earnings results, beats estimates by $0.63 EPS.

AMC Networks (NASDAQ:AMCX) posts quarterly earnings results, beats estimates by $0.63 EPS. November 9, 2026 Key points. * AMC Networks reported EPS of $0.44, beating the consensus estimate of a $0.19 loss by $0.63, while quarterly revenue of $566.1 million fell short of analysts' $573.3 million estimate. * Third-quarter revenue grew 1%, with streaming revenue up 4%; streaming engagement improved and "Heated Rivalry" became AMC+'s biggest exclusive series launch. Subscription revenue declined 2%, reflecting lower affiliate and advertising revenue. * Management maintained its 2026 outlook, including $2.4 billion-$2.45 billion in revenue and about $150 million in free cash flow. Third-quarter free cash flow was negative $52 million, including an $85 million payment related to the Walking Dead litigation settlement, and net debt stood at approximately $1.3 billion. * MarketBeat previews the top five stocks to own by December 1st. AMC Networks (NASDAQ:AMCX - Get Free Report) issued its earnings results on Monday. The company reported $0.44 EPS for the quarter, topping the consensus estimate of ($0.19) by $0.63, FiscalAI reports. The company had revenue of $566.07 million during the quarter, compared to analyst estimates of $573.28 million. AMC Networks had a positive return on equity of 3.76% and a negative net margin of 0.88%. Here are the key takeaways from AMC Networks' conference call: * Third-quarter consolidated revenue grew 1%, with domestic revenue up 2%. Streaming revenue increased 4% (7% excluding ALLBLK), but subscription revenue fell 2% as affiliate revenue declined 11% and advertising revenue declined 7%. * Streaming engagement improved: excluding ALLBLK, average viewing hours per active user rose year over year and total hours watched increased double digits sequentially. AMC also highlighted new Netflix licensing and co-production arrangements, and said "Heated Rivalry" became AMC+'s biggest exclusive series launch. * Management said advertising trends improved sequentially and year over year, supported by digital demand, addressable inventory and political spending; affiliate revenue declines also moderated as new agreements took effect. However, domestic advertising revenue was still down 7%, and international revenue declined 5% amid a softer U.K. ad market. * AMC maintained its 2026 outlook despite selling ALLBLK: revenue of $2.4 billion-$2.45 billion, adjusted operating income of $410 million-$420 million, and approximately $150 million in free cash flow. The company said ALLBLK was profitable and that it would provide comparable growth rates excluding the service where relevant. * Third-quarter free cash flow was negative $52 million, including an $85 million payment tied to the $120 million Walking Dead litigation settlement; excluding that payment, free cash flow would have been $33 million. AMC ended the quarter with approximately $1.3 billion in net debt, while domestic adjusted operating income declined primarily due to higher technical and operating expenses. AMC Networks stock performance. Shares of NASDAQ:AMCX traded up $0.51 during trading on Monday, hitting $8.90. 695,985 shares of the company traded hands, compared to its average volume of 552,311. The stock has a market capitalization of $367.12 million, a price-to-earnings ratio of -10.85 and a beta of 1.55. The business's fifty day moving average is $10.76 and its 200-day moving average is $9.48. AMC Networks has a one year low of $6.47 and a one year high of $12.93. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 1.76. Insider activity. In related news, CAO Michael Sherin, III sold 10,648 shares of the firm's stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $12.35, for a total value of $131,502.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 16.13% of the company's stock. Analyst Ratings changes. A number of research firms have commented on AMCX. Morgan Stanley decreased their price objective on shares of AMC Networks from $10.00 to $9.00 and set an "underweight" rating for the company in a report on Thursday, October 15th. UBS Group boosted their target price on shares of AMC Networks from $6.00 to $10.00 and gave the company a "sell" rating in a research note on Wednesday, August 12th. Weiss Ratings cut shares of AMC Networks from a "hold (c-)" rating to a "sell (d-)" rating in a report on Tuesday, August 11th. Wells Fargo & Company raised their price target on shares of AMC Networks from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Friday, July 31st. Finally, Zacks Research lowered shares of AMC Networks from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 10th. Two analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Strong Sell" and an average target price of $10.00. About AMC Networks. AMC Networks Inc is an entertainment company that develops, produces, and distributes television and digital media content. The company's portfolio includes the AMC, BBC America, IFC, SundanceTV, and WE tv networks, which offer scripted and unscripted programming, films, documentaries, and other entertainment content. AMC Networks also operates a range of streaming and digital services, including AMC+, Acorn TV, Shudder, ALLBLK, and HIDIVE. These platforms provide on-demand access to original series, films, genre programming, international content, and offerings from the company's television brands. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider AMC Networks, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AMC Networks wasn't on the list. While AMC Networks currently has a Strong Sell rating among analysts, top-rated analysts believe these five stocks are better buys. Oil still powers the global economy, but AI is reshaping the energy opportunity. Discover seven stocks spanning traditional energy, infrastructure, and next-generation power. Continue following MarketBeat

FandomWire, LLC
Nov 3rd, 2026
George R.R. Martin's best Western TV series on Netflix that beat Taylor Sheridan returns in 2027.

George R.R. Martin's best Western TV series on Netflix that beat Taylor Sheridan returns in 2027. Senior Writer Published Nov 3, 2026, 3:41 PM NY Time While Taylor Sheridan has become the modern master of Westerns, George R.R. Martin quietly crafted one of the best in the genre with Dark Winds. The neo-Western starring Zahn McClarnon was also produced by the late Robert Redford and began on AMC before finding a larger audience on Netflix. The show is returning for its fifth season in 2027. Critics have rated every season at 100 percent on Rotten Tomatoes, a record that Taylor Sheridan's Yellowstone, which is credited with reviving the Western genre, has never matched across its full run. Now the show is coming back. Dark Winds Season 5 was renewed even before season 4 released. AMC did not need a lot of convincing to renew the Western series, Dark Winds, for a fifth season. The show has been well-received consistently across its run and has been praised for its writing and performances. Starring Zahn McClarnon, the series has been widely received for its depiction of Native American characters and reservation life. FandomWire may earn an affiliate commission from links on this page. As an Amazon Associate, FandomWire earns from qualifying purchases. The show's success with fans and critics prompted AMC to renew the show for a fifth season even before the fourth premiered. The reasoning could possibly be its success on Netflix, where the show has been for the past few years. According to WON, the show has racked up 233 million watch hours on the streamer from 2023 to mid-2026, making it a global hit. The next season is already well along. Season 5 will have eight hour-long episodes, and production wrapped in June 2026. Zahn McClarnon returns as Joe Leaphorn and also directs episode 2. The cast is growing as well. Noel Fisher, Devin Sampson-Craig, Paola Núñez, and Martin Sensmeier have all been announced as new additions. Sensmeier plays Terry Bai, a Vietnam veteran with ties to Chee from middle school. While an exact date has not been revealed yet, AMC announced that Dark Winds season 5 will premiere in 2027. The show might follow its usual release pattern, where it debuts on AMC and AMC+ and then comes to Netflix a few months later. So, Netflix subscribers will have to wait for some time before watching their favorite neo-Western series. George R.R. Martin's neo-western trumps Sheridan's Yellowstone. George R.R. Martin is best known for the Game of Thrones franchise, but he has had his hands on a number of other IPs. While the author has not yet finished his final two novels of the A Song of Ice and Fire franchise, which formed the basis of Game of Thrones, he was credited with saving the Dark Winds TV show and leading Robert Redford to make it. The Western show is based on Tony Hillerman's Leaphorn & Chee series of police procedural novels. According to Martin, who spoke on an NYCC panel, the show was almost dead in the water due to a misfire from Hillerman's agent, who had sold the TV and film rights in a deal that prevented the author from writing a fifth novel. Years after Hillerman fired his agent and the studio never made the adaptation, Robert Redford hoped to adapt it into a film and then later a TV series. The deal reportedly went away from Redford, and Martin was asked to step in to help him convince the author's estate (via THR). Then that deal went away, he said. He was then contacted by Redford's people around 2005...They invited me to lunch, and when the Sundance Kid invites you to lunch, you go to lunch. He said that Martin was able to convince the estate to return the rights to Redford, and the rest is history. Dark Winds has been consistently delivering incredible procedural stories since its first season and has scored perfectly on Rotten Tomatoes, a feat even Taylor Sheridan has not been able to achieve despite all his contributions to the newly revived genre. As Sheridan expands his Yellowstone franchise, Dark Winds still goes strong. Are you excited for Dark Winds Season 5? Comment below. FandomWire may earn an affiliate commission from links on this page. As an Amazon Associate, FandomWire earns from qualifying purchases. As an Amazon Associate, FandomWire earns from qualifying purchases. Shop its editorial picks on Amazon Nishanth A. Senior Writer Articles Published: 2891 Nishanth A is a Senior Entertainment Writer at FandomWire, majorly focusing on TV shows with over 2,000 articles published. He has been an entertainment journalist for the past two years and a scriptwriter at various corporations before that, working on educational content. With a Communications, English Literature, and Psychology triple major, Nishanth usually covers news and analyses on Star Trek, particularly Strange New Worlds and The Next Generation; Doctor Who, the DCU, and more. A Nolan fan, Nishanth spends his time exploring the filmographies of various directors with an auteurial style or can be found making short movies of his own. He has also contributed as a feature writer for Film Companion, focusing on the South division.

TV Insider
Oct 10th, 2026
'Mayfair Witches' reveals Season 3 title, premiere date, new details at NYCC.

'Mayfair Witches' reveals Season 3 title, premiere date, new details at NYCC. What to know. * Season 3 of Mayfair Witches shifts the story's setting to Salem, Massachusetts, and introduces a darker, revisionist witch history. * The new season features Rowan becoming more powerful and introduces new characters. * Showrunner Esta Spalding and star Alexandra Daddario warn that the Mayfair family's situation will worsen. AMC takes over the Main Stage at New York Comic Con to provide fans with an exclusive first look at the highly anticipated third season of the hit series Mayfair Witches, with a new title and location revealed: Salem Coven. Showrunner Esta Spalding confirms the show will debut on December 30 on AMC and AMC+, officially shifting the dark universe from New Orleans to Scotland and now into the historic, supernatural landscape of Salem, Massachusetts. "We've got a new title maker, Mayfair Witches: Salem Coven." Showrunner Esta Spalding announces, "And it's really because this season is bigger and colder and very Salem-centric!" Moving away from the atmospheric streets of New Orleans and the isolated highlands of Scotland. The series introduces a dark revisionist take on Salem witch history, revealing that real witches have been embedded in the town's fabric since 1693. However, Salem functions as a literal supernatural trap."I think there's a bunch of mentions of Salem," Spalding adds. "But the interesting thing about Salem is that people were innocent; they weren't witches. So what we find interesting about Salem is that we keep imagining that there were a bunch of witches there who were unhappy about what was happening in 1693." On the brighter side, Rowan is more powerful and more commanding this season. "She's like... this family, man," Alexandra Daddario laughs. Rowan's character explores deeper witch mythology as she finds herself trapped in Salem, desperately trying to find a way out. "I guess we felt like we wanted to see her much more badass than she'd ever been before," Spalding explains. As one Mayfair sibling gains more control, another inhabits an entirely different type of control. The diabolical Julien Mayfair (Ted Levine) takes complete possession of his own son Cortland's (Harry Hamlin) body, vastly intensifying the Mayfair family conflict. Cyprien "Sip" Grieve (Tongayi Chrisa) now leads the New Orleans Talamasca house, but he quickly finds himself drawn into deeper Salem mysteries. Reflecting on his character's new leadership role, actor Tongayi Chrisa remarked, "He's a go-getter, and I think there's a lot that the town of Maska has kept from him, and he needs to clean house. But as soon as he walks in, it's like a chasm of more mystery." Season 3 also introduces Katherine Mayfair, played by Betsy Brandt, a fun, forceful new witch whose presence shakes up the family dynamic. Brandt is a familiar face to AMC viewers thanks to her role in Breaking Bad. When asked about stepping into the role, Brandy shared her excitement: "I love her...let's just say I'm embracing batsh*t crazy because it is what it is. I love her at her best and at her worst, and I had no idea. Playing a witch...it feels really good, really natural too." Jessica, played by Elisa Scanlen, is also introduced this season as a funny, big-hearted Salem witch who befriends Rowan, proving a grounded contrast to the heavy supernatural stakes. Reflecting on her unique role and her dynamic with Rowan, Scanlen shared, "She's an original character that is clearly inspired by several characters, the parts of other characters in the book." Scanlen says, "She's very self-deprecating. It was fun to play that tonally." Rowan's new romantic storyline introduces a mysterious new figure to the series named Michael Summers, played by Michiel Huisman, as an attractive love interest in Salem but a man hiding a dark secret. Daddario joked about Rowan's love life: "Well, Rowan is always looking for a new hot guy, and she found this hot guy! And he's super nice, and he's super cute, and I really like him. And that's pretty much what's going on... he has a secret, unfortunately." The final segment of the panel dived into the deep lore of the Immortal Universe, exploring how the series adapts Anne Rice's extensive literature and leaves the door open for future crossovers. Spalding sheds light on how they crafted the original character of Jessica (Eliza Scanlen), even detailing a quirky visual trait where Jessica literally builds a protective helmet into her witch hat. Reflecting on drawing inspiration from the source material to create this new dynamic, Spalding explained: "I mean, there are so many amazing female witches across the books. But we needed Jessica to be her own original being and also to be someone where we can see exactly what arises when you are raised by a mother like Katherine." The panel confirmed that deeper crossovers are actively being woven across the Anne Rice Immortal Universe, noting that the franchise's writers all share the same office floor to seamlessly collaborate and trade characters. Fans can look forward to a major musical nod to The Vampire Lestat in Season 3. A track from Lestat's iconic rock star era will be remixed and featured in a Mayfair Witches episode. While several familiar faces will make surprise appearances, the panel warned that the Mayfair family finishes the season in incredibly grim circumstances. When asked if things finally settled down for the family, Alexandra Daddario offered an ominous tease: "No, things do not work out. I mean, it's just like life. Is anything ever really truly resolved? Things only get worse." Mayfair Witches: Salem Coven, Season 3, December 30, AMC and AMC+

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