Amc Networks Stock Price, News & Analysis

AMC Networks reported strong third quarter results for 2021, with a 24% increase in net revenues to $811 million, driven by content licensing, streaming, and advertising growth. Operating income rose 35% to $188 million, while diluted EPS increased 118% to $2.55. The Company anticipates achieving 9 million paid subscribers by year-end and has raised its full-year guidance for revenue and adjusted operating income. Despite a 139.8% decline in net cash from operating activities, AMC is focused on sustainable streaming growth and expanding its content portfolio.

AMC Networks (NASDAQ: AMCX) will hold a conference call on November 5, 2021, at 8:30 a.m. ET to discuss Q3 2021 results. A press release with the results will be available before market opening. Participants can join the call via telephone at 833-714-3268, using conference ID 1525219, or through a live webcast on the company's website. A recording of the call will be accessible at 855-859-2056 until November 12, 2021. The company is known for its popular brands including AMC and SundanceTV, and is home to acclaimed series like The Walking Dead.

AMC Networks (NASDAQ: AMCX) announced the resignation of Ed Carroll, its chief operating officer, after 34 years. Carroll will stay until year-end to ensure a smooth transition. His tenure saw the transformation of AMC into an original programming powerhouse, developing iconic shows like Breaking Bad and Mad Men. He played a key role in launching the AMC+ streaming service and overseeing the growth of various targeted streaming platforms. Carroll's legacy includes expanding AMC Networks internationally and creating successful original content.

AMC Networks (NASDAQ: AMCX) announced a leadership change with Josh Sapan transitioning from President and CEO to Executive Vice Chairman after 26 years. Matthew Blank, a seasoned media executive, has been appointed as Interim CEO while the company searches for a permanent replacement. Sapan's tenure saw AMC grow into a global entertainment leader known for acclaimed originals like Mad Men and The Walking Dead. Blank aims to enhance AMC's streaming services, which include AMC+, Acorn TV, and Shudder, during this transition period.

AMC Networks reported a strong second quarter for 2021, with net revenues rising 19% to $771 million compared to the previous year. The company experienced significant growth in its streaming services, notably AMC+, which is now its fastest-growing service. Operating income increased 39.9% to $68 million, while diluted EPS surged by 196.4% to $0.83. However, net cash from operating activities fell by 89.6% to $23.6 million. The company also announced a $200 million settlement related to The Walking Dead, affecting its financial metrics.

AMC Networks (NASDAQ: AMCX) has scheduled a conference call to discuss its Q2 2021 results on August 6, 2021, at 8:30 a.m. ET. A press release will be issued before the market opens. The call can be accessed via the company’s website or by dialing 833-714-3268 with conference ID 5273816 around 15 minutes prior. A replay will be available from 11:30 a.m. on August 6 until 11:59 p.m. on August 13. AMC Networks, known for its acclaimed content, oversees popular brands like AMC and SundanceTV.

AMC Networks will hold its Annual Meeting of Stockholders on June 16, 2021, at 10:00 a.m. EDT in person at the J.P. Morgan Club, Madison Square Garden Arena, NYC. Stockholders must obtain an admission ticket in advance and can do so until June 9, 2021. Proper identification and COVID-19 safety protocols will be enforced for attendance. Proxy voting is encouraged for stockholders unable to attend.

Record Date for voting eligibility was set for April 19, 2021. For further details, refer to the proxy materials.

AMC Networks Inc. (NASDAQ: AMCX) will have CEO Josh Sapan attend the MoffettNathanson Media & Communications Virtual Summit on May 13, 2021, starting at 9:00 a.m. ET. The event will be accessible via live webcast on AMC's investor website, with a replay available shortly after the presentation concludes. AMC Networks is renowned for its acclaimed content, operating channels like AMC and BBC AMERICA, and offering streaming services such as AMC+ and Shudder, along with its in-house studio producing award-winning series like The Walking Dead.

AMC Networks (NASDAQ: AMCX) reported Q1 2021 results with net revenues of $692 million, down 5.8% year-over-year. Operating income decreased by 1.9% to $170 million, yet diluted EPS soared by 65.6% to $2.02, indicating strong profitability amidst revenue declines. The company is on track to achieve its 2021 subscriber target of 9 million paid subscribers and has expanded its streaming services. Significant changes to segment reporting and a spin-off of Levity's businesses were also highlighted, alongside a robust free cash flow of $97 million.