AMC Networks
Runs cable networks and streaming brands built around the Walking Dead franchise and prestige drama heritage.
Something off on this page? Send us feedback.
Profile
Operates a group of linear cable networks — AMC, We TV, BBC America, IFC, SundanceTV — alongside targeted subscription streaming services including AMC+, Shudder, Acorn TV, Sundance Now, ALLBLK, HIDIVE and All Reality, produced through AMC Studios. Streaming has become the largest single source of domestic revenue as the linear affiliate-fee base shrinks with cord-cutting.
Programs linear cable networks led by AMC, alongside a set of subscription streaming brands — AMC+, Shudder, Acorn TV, ALLBLK, HIDIVE among others — each built around a specific genre or audience rather than general entertainment. AMC Studios produces most of the underlying content.
The approach traces back to a run of prestige dramas — Mad Men, Breaking Bad, The Walking Dead, Better Call Saul — that turned a classic-film channel into a scripted-television destination and still anchor licensing revenue and streaming demand.
Most revenue comes from the US; a smaller international channel business reaches audiences in Europe and Latin America. The linear affiliate-fee base keeps shrinking with cord-cutting, offset by streaming subscription growth that overtook it as the larger domestic revenue source in 2025. The Dolan family retains control through dual-class voting shares.
Company facts
Categories
Key statistics
Year to date +37.0% · Average volume (30d) 710.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 12, 2026 | UBS | Reiterate | Sell | $10 | ||
| Jul 31, 2026 | Morgan Stanley | Reiterate | Underweight | $7 | $10 | |
| Jul 31, 2026 | Wells Fargo | Reiterate | Equal Weight | $10 | $11 | |
| Apr 30, 2026 | Morgan Stanley | Target | $6 | $7 | ||
| Feb 12, 2026 | Wells Fargo | Reiterate | Equal Weight | $8 | $10 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | −$0.12 | −$0.28 | −140.6% | $555.7M | $547.5M | −1.5% | −5.27% |
| May 8, 2026Q1 FY26 | $0.22 | $0.08 | −63.6% | $540.7M | $542.1M | +0.3% | −6.93% |
| Feb 11, 2026Q4 FY25 | $0.57 | $0.64 | +12.3% | $581.6M | $594.8M | +2.3% | −2.27% |
| Nov 7, 2025Q3 FY25 | $0.31 | $0.18 | −41.9% | $581.8M | $561.7M | −3.5% | +7.58% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $555.2M | $600.0M | $561.7M | $594.8M | $542.1M | $547.5M | |
| Gross profit | $287.9M | $316.1M | $270.7M | $295.7M | $258.9M | $258.7M | |
| Operating income | $69.0M | $68.0M | $60.0M | $60.7M | $35.6M | $15.9M | |
| Net income | $18.0M | $50.3M | $76.5M | −$55.5M | −$18.9M | −$21.9M | |
| Diluted EPS | $0.34 | $0.91 | $1.38 | −$1.26 | −$0.43 | −$0.51 | |
| Gross margin | 51.8% | 52.7% | 48.2% | 49.7% | 47.8% | 47.3% | |
| Operating margin | 12.4% | 11.3% | 10.7% | 10.2% | 6.6% | 2.9% |
Fiscal years (4-quarter sums)FY21 $3.08B · FY22 $3.10B · FY23 $2.71B · FY24 $2.42B · FY25 $2.31B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $464.0M · Total debt $1.75B · Total assets $3.73B · Shareholders' equity $911.2M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 32.44M · Float 28.87M · 89.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Mary S. Dolan, as Trustee of certain trusts as described herein | 6.89M | 17.80% | 13D | Sep 10, 2025 |
| Dolan Kathleen Margaret · 10 percent owner, other: Member of 13(d) Group | 5.59M | 17.22% | Form 4 | Sep 10, 2025 |
| BlackRock, Inc. | 3.77M | 11.62% | 13F | Aug 7, 2026 |
| Ramya Rao | 2.26M | 6.92% | 13G | Jan 10, 2025 |
| Castleknight Management LP | 1.84M | 5.67% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 10, 2026 | Michael J. III Sherin | officer: EVP & Chief Accounting Officer | −5,963 | $7.96 |
Peers
- Warner Bros. Discovery
Head-to-head in prestige drama and premium streaming via HBO Max
- Paramount Skydance
Overlaps in linear cable, streaming, and prestige drama via CBS/Paramount+
- Netflix
Head-to-head for scripted-drama and genre viewer attention
- Walt Disney
Overlaps in prestige drama and streaming bundles via FX/Hulu
- Versant Media Group
Structural peer in basic-cable genre and true-crime programming
- Comcast
Overlaps in women-skewing cable and streaming via Bravo/Peacock
- Fox Class A
Overlaps in prestige drama and FAST streaming via FX/Tubi
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| AMC Networks | $12.66 | −0.12% | $410.7M | — | 3.0 | 0.2 | −8.8% |
| Warner Bros. Discovery | $28.79 | +0.05% | $72.13B | — | — | 2.0 | −11.2% |
| Paramount Skydance | $10.88 | +0.09% | $11.83B | — | 13.7 | 0.4 | +0.9% |
| Netflix | $81.62 | −0.12% | $340.28B | 25.7 | 23.6 | 7.0 | +13.4% |
| Walt Disney | $108.09 | −0.01% | $187.72B | 22.3 | 14.6 | 1.9 | +7.1% |
| Versant Media Group | $41.02 | −0.07% | $5.80B | 7.8 | 9.0 | 0.9 | — |
| Comcast | $27.08 | +0.09% | $96.03B | 8.8 | 7.7 | 0.8 | −1.2% |
| Fox Class A | $68.42 | −0.01% | $30.00B | 17.8 | 11.6 | 1.6 | +28.1% |
| Median | 17.8 | 12.7 | 1.6 | +4.0% |