The earnings call reflects a mixed sentiment. While AMC Networks achieved its full-year guidance and showed growth in streaming subscriptions and innovative partnerships, challenges in domestic revenue, operating losses, and anticipated future revenue decline indicate significant headwinds.

Company Guidance

During the AMC Networks Fourth Quarter 2024 earnings call, the company provided a comprehensive overview of their financial results and future outlook. Key metrics highlighted include achieving a consolidated revenue of $2.4 billion, an adjusted operating income (AOI) of $563 million, and a free cash flow of $331 million for the year. They also announced an updated cumulative free cash flow outlook of approximately $550 million over the 2024-2025 period. The company reported having 12.4 million streaming subscribers, reflecting an 8% year-over-year increase. Domestic operations saw a 9% revenue decrease for the full year, while streaming revenue grew by 7%, offsetting a 13% decline in affiliate revenue. For 2025, AMC Networks expects a 5% decrease in total consolidated revenue, with a focus on streaming growth projected in the low to mid-teens percentage range. Additionally, the call addressed strategic content licensing agreements with platforms like Netflix, which have bolstered viewer engagement and subscription growth on AMC Plus.

Achievement of Full-Year Guidance

AMC Networks achieved their full-year guidance for 2024, with consolidated revenue of $2.4 billion, AOI of $563 million, and free cash flow of $331 million.

Increase in Streaming Subscribers

The company reported an 8% year-over-year increase in streaming subscribers, ending the year with 12.4 million subscribers.

Innovative Content Licensing and Partnerships

Successful execution of a licensing agreement with Netflix, leading to heightened viewer awareness and interest in AMC titles, notably boosting viewership and acquisition on AMC Plus.

Expansion of Advertising Innovation

Introduction of AMCN Outcomes, a new advertising performance product, and the upcoming launch of an ad-supported version of Shudder.

Successful Reduction in Gross Debt

AMC Networks reduced its gross debt by approximately half a billion dollars, with no bond maturities until 2029.

Positive International Advertising Revenue Growth

International advertising revenues grew 16% and 12% for the full year and fourth quarter, respectively.

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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
May 13, 2025	2025 (Q1)	0.81 / -	1.16	―	―	―
Feb 14, 2025	2024 (Q4)	1.04 / 0.64	0.72	-11.11% (-0.08)	―
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)	―

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
Feb 14, 2025	$9.84	$8.79	-10.67%
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%

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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