Earnings summaries and quarterly performance for AMC Networks.
Executive leadership at AMC Networks.
Kristin Dolan
Chief Executive Officer
Dan McDermott
President- Entertainment and AMC Studios
Kim Kelleher
Chief Commercial Officer
Michael J. Sherin III
Executive Vice President and Chief Accounting Officer
Patrick O’Connell
Executive Vice President and Chief Financial Officer
Salvatore Romanello
Executive Vice President and General Counsel
Board of directors at AMC Networks.
Aidan Dolan
Director
Brian Sweeney
Director
Carl Vogel
Director
Christopher Cox
Director
Debra Perelman
Director
James Dolan
Chairman of the Board
Joseph Cohen
Director
Leonard Tow
Director
Matthew Blank
Director
Patrick Dolan
Director
Stephen Mills
Director
Thomas Dolan
Director
Vincent Tese
Director
Research analysts who have asked questions during AMC Networks earnings calls.
David Joyce
Seaport Research Partners
6 questions for AMCX
Thomas Yeh
Morgan Stanley
6 questions for AMCX
Steven Cahall
Wells Fargo & Company
4 questions for AMCX
Charles Wilber
Guggenheim Securities
2 questions for AMCX
John Hodulik
UBS Group AG
1 question for AMCX
Steven Cahal
Wells Fargo
1 question for AMCX
Recent press releases and 8-K filings for AMCX.
- AMC Networks Inc. announced the effectiveness of amendments to its 10.50% Senior Secured Notes due 2032 after receiving Requisite Consents from approximately 94% of noteholders as of February 23, 2026.
- The amendments permit buybacks, purchases, redemptions, retirements, or other acquisitions of AMC Networks Inc.'s equity interests up to an aggregate amount of $50,000,000.
- Other modifications include revising the covenant that limits transfers or licenses of certain trademarks to unrestricted subsidiaries to only permit transfers of non-exclusive licenses, and restricting investments in unrestricted subsidiaries to specified clauses within the "Permitted Investments" definition.
- The company has also extended its consent solicitation for these amendments to March 6, 2026, at 5:00 p.m. New York City time.
- AMC Networks has received Requisite Consents from holders of its 10.50% Senior Secured Notes due 2032, with approximately 94% of outstanding Notes holders having delivered their Consents as of February 23, 2026.
- Amendments to the indenture governing the Notes are now effective, permitting equity interest buybacks up to $50,000,000, revising limits on trademark transfers, and restricting investments in unrestricted subsidiaries.
- The consent solicitation for these Amendments has been extended to March 6, 2026, at 5:00 p.m. New York City time.
- The Amendments will become operative once the Consent Fee is paid to the trustee.
- AMC Networks has commenced an exchange offer for its outstanding 10.25% Senior Secured Notes due 2029 (Old Notes) for newly-issued 10.50% Senior Secured Notes due 2032 (New Notes).
- Eligible Holders who tender their Old Notes by the March 6, 2026, Early Tender Time will receive $1,065 principal amount of New Notes for each $1,000 principal amount of Old Notes, which includes an early tender premium. Holders tendering after this time will receive $1,015.
- Concurrently, the company is soliciting consents to amend the indenture governing the Old Notes, which would permit up to $50,000,000 in equity interest buybacks.
- The Exchange Offer is scheduled to expire on March 23, 2026, at 5:00 p.m., New York City time.
- AMC Networks is soliciting consents from holders of its 10.50% Senior Secured Notes due 2032 to amend the indenture governing the Notes.
- The Proposed Amendments include permitting equity buybacks, purchases, redemptions, retirements, or other acquisitions of AMC Networks Inc.'s equity interests in an aggregate amount not to exceed $50,000,000.
- Other proposed amendments involve revising the covenant that limits transfers or licenses of certain trademarks to unrestricted subsidiaries to only permit transfers of non-exclusive licenses, and restricting investments in unrestricted subsidiaries made pursuant to the definition of "Permitted Investments" to certain specified clauses.
- The Consent Solicitation will expire on February 23, 2026, at 5:00 p.m., New York City time.
- A total Consent Fee of $2,000,000 will be paid to all holders who validly deliver and do not revoke a Consent by the Consent Payment Eligibility Time, which could range from $5.00 to $10.00 per $1,000 principal amount based on the $400,000,000 aggregate principal amount of Notes outstanding.
- AMC Networks reported $2.3 billion in consolidated revenue and $412 million in consolidated adjusted operating income for the full year 2025.
- The company generated $272 million in free cash flow for 2025, exceeding its increased forecast.
- Streaming became the largest single source of domestic revenue in 2025, with full-year streaming revenue growth of 12%.
- For 2026, AMC Networks anticipates consolidated revenue of approximately $2.25 billion, consolidated adjusted operating income of approximately $350 million, and free cash flow of at least $200 million.
- In the fourth quarter of 2025, the company acquired the remaining 17% stake in RLJ Entertainment for $75 million in cash, and CFO Patrick O'Connell will be stepping down next month.
- AMC Networks reported full-year 2025 consolidated revenue of $2.3 billion and adjusted operating income (AOI) of $412 million, with free cash flow reaching $272 million, exceeding its increased forecast.
- Streaming became the largest single source of domestic revenue for the full year 2025, with streaming revenue growing 12% year-over-year and 14% in Q4 2025, ending the year with 10.4 million subscribers.
- For 2026, the company anticipates consolidated revenue of approximately $2.25 billion, AOI of approximately $350 million, and free cash flow of at least $200 million.
- In 2025, the company reduced gross debt by almost $600 million, ending the year with net debt of approximately $1.3 billion and a net leverage ratio of 3.1x.
- CFO Patrick O'Connell will be stepping down in March 2026 to take on a new role outside the industry.
- AMC Networks reported full-year 2025 consolidated revenue of $2.3 billion and adjusted operating income of $412 million, generating $272 million in free cash flow, which exceeded its increased forecast.
- Streaming became the largest single source of domestic revenue in 2025, with streaming revenue growing 12% for the full year and 14% in Q4 2025, and the company ended the year with 10.4 million streaming subscribers.
- For 2026, the company anticipates consolidated revenue of approximately $2.25 billion, consolidated adjusted operating income of approximately $350 million, and expects to generate at least $200 million in free cash flow.
- In 2025, AMC Networks strengthened its balance sheet by reducing gross debt by almost $600 million, ending the year with net debt of approximately $1.3 billion and a net leverage ratio of 3.1x.
- CFO Patrick O'Connell will be stepping down next month to pursue a new role outside the industry.
- AMC Networks Inc. (AMCX) reported net revenues of $595 million for Q4 2025, a 1% decrease from the prior year, and $2.3 billion for the full year 2025, a 5% decrease.
- The company delivered Adjusted EPS of $0.64 for Q4 2025 and $2.03 for the full year 2025.
- Free Cash Flow reached $40 million in Q4 2025 and $272 million for the full year 2025, exceeding its previously increased forecast.
- Streaming revenue grew 14% in Q4 2025 and 12% for the full year 2025, becoming the largest single source of revenue in the domestic segment, with 10.4 million streaming subscribers as of December 31, 2025.
- Operational highlights for 2025 included significant affiliate renewal activity and the acquisition of the remaining 17% of RLJ Entertainment in the fourth quarter.
- AMC Networks reported full-year 2025 net revenues of $2.3 billion, a 5% decrease from the prior year, with diluted EPS of $1.66 and Adjusted EPS of $2.03.
- For the full year 2025, streaming revenue became the largest single source of revenue in the domestic segment, growing 12% to $677 million.
- The company generated $272 million in Free Cash Flow for the full year 2025.
- In the fourth quarter of 2025, AMC Networks acquired the remaining 17% of RLJ Entertainment for $75 million and repurchased 854,692 shares of Class A Common Stock for $7.5 million.
- AMC Networks reported Q3 2025 consolidated net revenue of $562 million, a 6% year-over-year decline, and consolidated AOI of $94 million, a 28% decrease. The company reiterated its full-year 2025 guidance, expecting approximately $250 million in free cash flow, approximately $2.3 billion in consolidated revenue, and consolidated AOI in the range of $400 million-$420 million.
- Streaming revenue grew 14% in Q3 2025, reaching 10.4 million subscribers, and is projected to be the largest single source of revenue in the domestic segment for the full year. This growth helped offset a 13% decline in affiliate revenue.
- Key strategic developments include renewed content licensing with Netflix, expanded distribution agreements with DirecTV and Cox, and a new Amazon Prime Video triple bundle. Digital advertising commitments increased 40% in the upfront.
- The company reduced its total employee base by less than 5% through a voluntary buyout program and continued to focus on debt reduction, repurchasing $9 million of senior notes and paying down $166 million of term loan A.
Quarterly earnings call transcripts for AMC Networks.
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