AMC Networks Inc. Class A
AMCXAMC Networks Inc. Class A (AMCX) is an entertainment company that owns and operates cable television channels, streaming services, and other media properties. It is known for its portfolio of popular networks such as AMC, BBC America, SundanceTV, and We-TV, delivering scripted series, movies, and documentaries. AMC Networks focuses on creating high-quality content for diverse audiences and has established itself as a significant player in the cable and streaming entertainment industry.
Company News
AMC Networks Inc. has priced a private offering of $400 million in senior secured notes due 2032. The company plans to use the proceeds to fund a tender offer for its existing 4.25% Senior Notes due 2029 and repay other corporate debt.
Kirby McInerney LLP is investigating potential claims against AMC Networks Inc. (AMCX) after the company reported a significant net loss, decline in free cash flow, and increase in operating loss for the fourth quarter of 2024.
AMC Networks Inc. (NASDAQ: AMCX) will host a conference call on February 14, 2025, to discuss its financial results for the fourth quarter and full year 2024. The company will issue a press release before the market opens on the same day.
Lumen stock posted a 10.1% gain on Thursday after an investor named Daniel Hagan disclosed a large 5.4% stake in the company. The news of a major investor buying up shares helped spur bullish momentum, though Lumen still faces challenges like a large debt problem.
AMC Networks reported revenue of $625.93 million, down 7.8% year-over-year, and EPS of $1.24, compared to $2.02 in the prior-year quarter. The company's revenue beat the Zacks Consensus Estimate, but EPS missed it.
