The earnings call reflects a mixed sentiment. While there are significant achievements in free cash flow generation, content licensing, and strategic partnerships, there are notable challenges such as declines in domestic operations revenue and advertising revenue. The company is focusing on adapting to the changing media landscape and leveraging its content and partnerships effectively.

Company Guidance

During the AMC Networks Third Quarter 2024 Earnings Conference Call, the company provided guidance indicating a strong performance in key financial metrics. Year-to-date, AMC Networks has generated $293 million in free cash flow, with a goal to achieve approximately $0.5 billion in cumulative free cash flow by the end of 2025. The company reported third-quarter consolidated revenue of $600 million and adjusted operating income (AOI) of $131 million, representing a 22% margin. Domestic operations saw a subscription revenue of $316 million, despite a 13% decline in affiliate revenue due to linear subscriber reductions. Streaming revenue grew by 7%, ending the quarter with 11.8 million streaming subscribers. Content licensing revenue surged by 31% to $81 million, driven by strategic partnerships, notably the AMC Collection deal with Netflix. Despite a 10% decline in advertising revenue, the company remains focused on digital growth and prudent expense management, maintaining a 3x consolidated net leverage ratio with approximately $1 billion in total liquidity.

Significant Free Cash Flow Generation

Year-to-date, free cash flow is $293 million, on track to deliver approximately $0.5 billion in cumulative free cash flow over 2 years.

Strong Content Licensing Performance

Domestic operations content licensing revenue increased by 31% to $81 million, driven by the timing and availability of deliveries, including the AMC collection on Netflix.

Streaming Growth

Streaming revenue grew by 7%, ending the third quarter with 11.8 million streaming subscribers.

Successful Partnerships and Renewals

Major affiliate agreements renewed, including an early renewal with Charter, and an innovative partnership with Netflix to offer AMC series.

AMC+ Viewership Records

AMC+ set viewership records with its most-watched series in its 5-year history and notable series performance on Netflix.

Acquisition of BBC America Joint Venture

Acquired the remaining 50% of the BBC America joint venture, now owning 100% of the channel.

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AMC Networks (AMCX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

AMCX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 27, 2025	2024 (Q4)	1.04 / -	0.72	―	―	―
Nov 08, 2024	2024 (Q3)	0.62 / 0.91	1.85	-50.81% (-0.94)	―
Aug 09, 2024	2024 (Q2)	1.52 / 1.24	2.02	-38.61% (-0.78)	―
May 10, 2024	2024 (Q1)	1.66 / 1.16	2.62	-55.73% (-1.46)	―
Feb 09, 2024	2023 (Q4)	0.68 / 0.72	2.52	-71.43% (-1.80)	―
Nov 03, 2023	2023 (Q3)	1.30 / 1.85	2.09	-11.48% (-0.24)	―
Aug 04, 2023	2023 (Q2)	1.53 / 2.02	2.06	-1.94% (-0.04)	―
May 09, 2023	2023 (Q1)	1.87 / 2.62	2.54	3.15% (+0.08)	―
Feb 17, 2023	2022 (Q4)	1.02 / 2.52	0.54	366.67% (+1.98)	―
Nov 04, 2022	2022 (Q3)	1.77 / 2.09	2.68	-22.01% (-0.59)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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AMCX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 08, 2024	$8.35	$8.56	+2.51%
Aug 09, 2024	$10.30	$9.74	-5.44%
May 10, 2024	$13.73	$13.24	-3.57%
Feb 09, 2024	$17.04	$14.41	-15.43%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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