AMCX
AMC Networks Inc.9.79
-0.19-1.9%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A reaffirms, adds ad/TWD color
Q&A largely reaffirmed prepared remarks and guidance, adding color on advertising headwinds from early-2025 digital inventory glut, countered by Q4 scatter strength and upfront gains in streaming, FAST, and AVOD to mitigate linear declines. Management confirmed active talks for monetizing Walking Dead rights reversion but demurred on details. They touted full-carriage affiliate renewals despite skinny bundle risks, citing industry green shoots like Charter bundling. Content spending remains heavy yet efficient via tax incentives. Answers stayed crisp. Investors will eye ad offset durability and TWD licensing value.
Key Stats
Market Cap
426.13MP/E (TTM)
-Basic EPS (TTM)
-3.68Dividend Yield
0%Recent Filings
8-K
Completes notes exchange, redemption
AMC Networks finalized its exchange offer on March 25, 2026, swapping $861.3 million of 10.25% Senior Secured Notes due 2029 for matching New Notes at 10.50% due 2032, leaving $13.7 million Old Notes outstanding. It then called full redemption of the remainder on April 6 at 105.125% of principal. Debt refinanced longer-term. Risks hinge on rating agency views.
8-K
Dolan joins board; Kelleher deal signed
AMC Networks appointed CEO Kristin A. Dolan as a new Class B director on March 11, 2026, expanding the board from 11 to 12 members. That day, it inked a new employment deal with President and Chief Commercial Officer Kim Kelleher through March 31, 2029, locking in $1.8M base salary and 150% target bonus. Board adds internal heft. Deal secures key commercial exec amid turnover.
8-K
Debt exchange settles early
AMC Networks completed early settlement of its exchange offer on March 13, 2026, swapping $830.6 million (95%) of 10.25% Senior Secured Notes due 2029 for $884 million of 10.50% Senior Secured Notes due 2032. It also amended the old indenture on March 9 to allow up to $50 million in equity buybacks. Debt matures later, but at higher rates. Remaining old notes: $44.4 million.
8-K
AMC launches notes exchange
AMC Networks launched an exchange offer on February 23, 2026, to swap its $875 million 10.25% Senior Secured Notes due 2029 for 10.50% Senior Secured Notes due 2032, with early tenders by March 6 fetching $1,065 principal per $1,000 (including $50 premium) versus $1,015 later. Paired consent solicitation seeks to amend covenants, enabling up to $50 million in equity buybacks aligned with its term loan. Early deadline locks in premium. Completion hinges on requisite consents and conditions.
8-K
Notes amendments effective
AMC Networks locked in amendments to its $400,000,000 10.50% Senior Secured Notes due 2032 on February 23, 2026, after securing consents from 94% of holders. Changes permit up to $50,000,000 in equity buybacks, limit trademark transfers to non-exclusive licenses, and tighten unrestricted subsidiary investments. Consent solicitation extended to March 6. Amendments await consent fee payment.
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