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AMCX AMC Global Media News Story

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Media company AMC Networks beats Q2 revenue, profit estimates on price hikes, subscriber growth

Overview

AMC Networks Q2 revenue falls 4% but beats analyst expectations

Adjusted EPS of $0.69 beats estimates, driven by streaming growth

Co reduces gross debt by $400 mln through financing transactions

Outlook

AMC Networks expects $250 mln free cash flow for 2025

Company sees streaming revenue growth accelerating

AMC Networks highlights strength in content licensing

Result Drivers

STREAMING REVENUE - Streaming revenues grew 12% due to price increases and subscriber growth

CONTENT LICENSING - Content licensing revenues rose 26% due to timing and availability of deliveries

ADVERTISING DECLINE - Advertising revenues fell 18% due to linear ratings declines and lower marketplace pricing

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$600.02 mln$582 mln (5 Analysts)
Q2 Adjusted EPSBeat$0.69$0.61 (6 Analysts)
Q2 EPS$0.91
Q2 Adjusted Operating IncomeBeat$109.39 mln$71.70 mln (5 Analysts)
Q2 EBIT$64.47 mln
Q2 Free Cash Flow$95.74 mln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and 4 "sell" or "strong sell" The average consensus recommendation for the broadcasting peer group is "buy." Wall Street's median 12-month price target for AMC Networks Inc is $6.00, about 0% even its August 7 closing price of $6.00 The stock recently traded at 2 times the next 12-month earnings vs. a P/E of 2 three months ago Press Release: ID:nGNX3j9YFj (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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