AMC Networks Inc.
7.73+0.15 (+1.98%)
Oct 29, 4:00:01 PM EDT · NasdaqGS · AMCX · USD
Key Stats
Market Cap
335.36MP/E (TTM)
-Basic EPS (TTM)
-4.22Dividend Yield
0%Recent Filings
8-K
Audit committee vacancy triggers Nasdaq notice
AMC Networks faces a temporary Nasdaq compliance hiccup after independent director Dr. Leonard Tow's death on August 10, 2025, leaving its Audit Committee short one member. The company notified Nasdaq on August 12 and received confirmation of non-compliance on August 14, but secured a cure period extending to August 10, 2026, or the next annual meeting—whichever comes first. Board plans to appoint a replacement soon. Compliance will resume promptly.
10-Q
Q2 FY2025 results
AMC Networks posted Q2 revenues of $600M, down 4.1% y/y but up 1.5% q/q (derived), as advertising fell 20.4% y/y amid linear declines while content licensing surged 25.3% y/y from music catalog sales. Operating income jumped to $64.5M from $10.8M y/y, boosted by no repeat of last year's $96.8M impairments, though SG&A rose 6.5% y/y on marketing and legal costs; diluted EPS swung to $0.91 from -$0.66 y/y, reconciling to 56.4M shares with convertible note dilution. Cash climbed to $866M, with FCF of $190M for H1 (derived from $212M operating cash minus $22M capex), down from $239M y/y, while debt dropped to $2.2B net after $99M senior note repurchases yielding $26M gain. International restructuring targets cost cuts in Southern Europe by year-end. Ongoing MFN litigation over profit participations poses a key risk.
8-K
Q2 revenues dip, streaming rises
AMC Networks reported Q2 2025 net revenues of $600 million, down 4% year-over-year, yet streaming revenues surged 12% to $169 million amid subscriber growth to 10.4 million. Operating income hit $64 million, with free cash flow steady at $96 million; the company slashed gross debt by $400 million through strategic refinancings, capturing $138 million in discounts. Debt reduction bolsters the balance sheet. It now eyes $250 million in full-year free cash flow.
8-K
Director resigns without dispute
AMC Networks' board shrank to 12 members after Patrick F. Dolan resigned as a Class B director on August 1, 2025, effective immediately. No disputes fueled his exit, signaling smooth internal transitions. Board size adjusted seamlessly. Investors note the uneventful departure preserves governance stability amid media sector pressures.
8-K
AMC issues $400M secured notes
AMC Networks closed a $400 million offering of 10.500% senior secured notes due 2032 on July 3, 2025, in a private placement to qualified buyers. The notes, guaranteed by key subsidiaries and secured by substantially all assets, carry semiannual interest payments starting January 2026 and allow optional redemptions from 2028 at premiums declining to par. This bolsters liquidity while layering on high-cost debt amid market pressures. Early redemption options hinge on equity raises.
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