AMC Networks Inc
NASDAQ:AMCX
AMC Networks Inc
AMC Networks, Inc. is a holding company, which engages in the owning and management of cable television networks through its subsidiaries. The company is headquartered in New York City, New York and currently employs 1,739 full-time employees. The company went IPO on 2011-06-16. The company distributes its content through linear networks and social media platforms. Its segments include Domestic Operations and International and Other. The Domestic Operations segment includes activities of its programming services and AMC Broadcasting & Technology. Its programming services consist of its five national programming networks, such as streaming services, AMC Studios operations, and film distribution business. Its national programming networks are AMC, WE tv, BBC AMERICA, IFC, and SundanceTV. Its streaming services are AMC+, Acorn TV, ALLBLK, Shudder, Sundance Now, and HIDIVE. Its AMC Studios operation produces original programming for its programming services and also distributes and licenses such programming worldwide. The International and Other segment includes AMC Networks International, its international programming businesses consisting of a portfolio of networks, and 25/7 Media, and production services business.
AMC Networks, Inc. is a holding company, which engages in the owning and management of cable television networks through its subsidiaries. The company is headquartered in New York City, New York and currently employs 1,739 full-time employees. The company went IPO on 2011-06-16. The company distributes its content through linear networks and social media platforms. Its segments include Domestic Operations and International and Other. The Domestic Operations segment includes activities of its programming services and AMC Broadcasting & Technology. Its programming services consist of its five national programming networks, such as streaming services, AMC Studios operations, and film distribution business. Its national programming networks are AMC, WE tv, BBC AMERICA, IFC, and SundanceTV. Its streaming services are AMC+, Acorn TV, ALLBLK, Shudder, Sundance Now, and HIDIVE. Its AMC Studios operation produces original programming for its programming services and also distributes and licenses such programming worldwide. The International and Other segment includes AMC Networks International, its international programming businesses consisting of a portfolio of networks, and 25/7 Media, and production services business.
Streaming Milestone: For the first time, streaming became AMC Networks' largest single domestic revenue source, validating their strategy shift.
Free Cash Flow: AMC Networks generated $272 million in free cash flow in 2025, well ahead of their increased forecast, and guided to at least $200 million for 2026.
Revenue Outlook: 2025 consolidated revenue was $2.3 billion; 2026 guidance is approximately $2.25 billion.
Advertising Weakness: Advertising revenue fell 15% in 2025 due to linear TV declines and lower pricing, with 2026 advertising expected to drop by low double digits.
Subscriber Base: Streaming subscribers ended flat at 10.4 million, with engagement and retention metrics showing improvement after repricing.
Debt Reduction: Gross debt was reduced by nearly $600 million in 2025, and the company's maturity profile was extended significantly.
Content & Rights: AMC regained streaming rights to all 177 episodes of The Walking Dead, with monetization opportunities under discussion.
Affiliate Renewals: Over one-third of the affiliate footprint was renewed on favorable terms, including innovative streaming bundles.
