AMC Networks undershot Wall Street forecasts in the fourth quarter, with advertising continuing to decline in the U.S. and affiliate revenue also hitting a slump. The company reported total revenue of $599 million, down 12% from the same period a year ago, and adjusted earnings per share of 64 cents declined from 72 cents. Wall Street analysts’ consensus outlook was for earnings of $1.05 per share and revenue of $611.3 million. In its domestic operations unit, AMC Networks said subscription revenue fell 4 ...

Financial Performance - For Q4 2024, net revenues decreased by 11.7% to $599 million, while full-year net revenues decreased by 10.7% to $2,421 million[7]. - The company experienced an operating loss of $254 million in Q4 2024, compared to an operating income of $388 million in the same quarter of the previous year[7]. - The Company reported net revenues of $599.3 million for Q4 2024, a decrease of 11.7% compared to $678.8 million in Q4 2023[33]. - Total operating expenses for Q4 2024 were $853.5 million, up 23.6% from $690.3 million in Q4 2023[33]. - The Company incurred a net loss attributable to stockholders of $284.5 million in Q4 2024, compared to a loss of $21.8 million in Q4 2023[33]. - Adjusted Operating Income (Loss) for the year ended December 31, 2024, was $(39.6) million, a significant decline from $388.4 million in 2023[33]. - Free Cash Flow for the year ended December 31, 2024, was $375.6 million, compared to $203.9 million in 2023, indicating improved liquidity[35]. - The Company reported a significant increase in impairment and other charges, totaling $302.7 million in Q4 2024, compared to $66.4 million in Q4 2023[33]. - For the three months ended December 31, 2024, AMC Networks reported a net loss of $300.464 million, resulting in a diluted EPS of $(6.38)[53]. - For the twelve months ended December 31, 2024, the reported net loss was $174.497 million, leading to a diluted EPS of $(5.10)[56]. Cash Flow and Liquidity - AMC Networks reported a full-year free cash flow of $331 million, with expectations to increase to approximately $550 million over the 2024/2025 period[2]. - The Company’s cash and cash equivalents at the end of 2024 were $784.6 million, up from $570.6 million at the beginning of the year[35]. - Net cash provided by operating activities for the three months ended December 31, 2024, was $58,108, down from $72,780 in 2023, a decrease of about 20.1%[49]. - Free cash flow for the twelve months ended December 31, 2024, was $330,840, an increase of 96.1% compared to $168,712 in 2023[49]. Revenue Streams - Streaming revenues increased by 7% to $603 million in Q4 2024, with streaming subscribers rising by 8% to 12.4 million compared to 11.4 million in Q4 2023[6]. - Domestic Operations' revenues decreased by 10.6% to $520 million in Q4 2024, while International revenues decreased by 13.9% to $85.6 million[8]. - The company signed multi-year agreements with major affiliates, including Charter and Amazon Prime Video Channels, for the distribution of its streaming services[6]. Impairment and Charges - Impairment and other charges totaled $399.5 million for the year, primarily due to goodwill impairment in Domestic Operations[16]. - Impairment and other charges for the twelve months ended December 31, 2024, amounted to $399,513, significantly higher than $96,689 in 2023[42]. - Restructuring and related charges amounted to $49.464 million for the twelve months ended December 31, 2024, contributing to the adjusted results[56]. Future Outlook and Strategy - AMC Networks plans to kick off 2025 with a robust slate of original programming, including several highly anticipated series[6]. - The Company plans to continue evaluating its operational strategies and may adjust its future outlook based on market conditions and performance metrics[28]. Shareholder Information - As of December 31, 2024, the Company had $135 million remaining under its Stock Repurchase Program, which authorizes up to $1.5 billion in share repurchases[19]. - The Company had 32,651,186 shares of Class A Common Stock and 11,484,408 shares of Class B Common Stock outstanding as of February 7, 2025[20]. Debt and Financial Ratios - Total debt as of December 31, 2024, was $2,369,385, with net debt at $1,584,736[45]. - The leverage ratio as of December 31, 2024, was 2.8x, indicating a stable financial position[45]. - Total assets decreased from $4,969,787 in 2023 to $4,362,221 in 2024, a decline of approximately 12.2%[37]. - Total liabilities decreased from $3,710,544 in 2023 to $3,422,080 in 2024, a reduction of about 7.8%[37].

NEW YORK, Feb. 14, 2025 (GLOBE NEWSWIRE) -- AMC Networks Inc. ("AMC Networks" or the "Company") (NASDAQ: AMCX) today reported financial results for the fourth quarter and full year ended December 31, 2024. AMC Networks Chief Executive Officer Kristin Dolan said: "We are pleased and encouraged by our results in the fourth quarter and across all of 2024. We achieved our full-year guidance across all key financial metrics, including generating healthy free cash flow of $331 million. Our free cash flow performa ...

Analysts on Wall Street project that AMC Networks (AMCX) will announce quarterly earnings of $0.79 per share in its forthcoming report, representing an increase of 9.7% year over year. Revenues are projected to reach $616.19 million, declining 9.2% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company's earning ...

NEW YORK, Jan. 24, 2025 (GLOBE NEWSWIRE) -- AMC Networks Inc. (NASDAQ: AMCX) will host a conference call to discuss results for the fourth quarter and full year 2024 on Friday, February 14, 2025 at 8:30 a.m. Eastern Time. AMC Networks will issue a press release reporting its results before the market opening. The conference call will be webcast live via the company’s website at investors.amcnetworks.com. To access the conference call via telephone, please pre-register for the call to obtain the dial-in numb ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2024 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 1-35106 | --- | --- | --- | |---------------------------------------------------------------------------------------|--------------------- ...

Shares in AMC Networks, which have declined by more than 50% in 2024 to date, gained 3% Friday after the company posted third-quarter results ahead of Wall Street analysts’ expectations. Revenue slumped 6% in the quarter ended September 30 compared with the year-earlier period, coming in at $599.6 million. Adjusted earnings per share totaled 91 cents, down from $1.85. Despite the downturn, the numbers were significantly above analysts’ consensus on the top and bottom line. Investors boosted shares to $8.63 ...

AMC Networks (AMCX) reported $599.61 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 5.9%. EPS of $0.91 for the same period compares to $1.85 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $597.9 million, representing a surprise of +0.29%. The company delivered an EPS surprise of +5.81%, with the consensus EPS estimate being $0.86.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

AMC Networks (AMCX) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $1.85 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.81%. A quarter ago, it was expected that this owner of cable channels including AMC and IFC would post earnings of $1.38 per share when it actually produced earnings of $1.24, delivering a surprise of -10.14%.Over t ...

AMC NETWORKS AMC NETWORKS INC. REPORTS THIRD QUARTER 2024 RESULTS New York, NY – November 8, 2024: AMC Networks Inc. ("AMC Networks" or the "Company") (NASDAQ: AMCX) today reported financial results for the third quarter ended September 30, 2024. Chief Executive Officer Kristin Dolan said: "As we manage this business within a complex and changing environment, we remain focused on our key strategic pillars - programming, partnerships and profitability. During the quarter, we made significant advancements acr ...