AMC Networks Inc. (AMCX) Stock

AMC Networks Inc. (AMCX) is a Communication Services stock trading at $12.19 (as of 2026-08-20), with a market capitalization of $524.37M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

AMC Networks Inc., an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, Domestic Operations, and International and Other. The Domestic Operations segment operates various national programming networks, including the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV; provides subscription streaming services comprising Acorn TV, Shudder, Sundance Now, ALLBLK, and HIDIVE, as well as AMC+ and other streaming initiatives; and engages in film distribution business under the IFC Films name. This segment also produces and licenses original programming for various programming networks, as well as services the national programming networks. The International and Other segment operates a portfolio of channels under the AMCNI name; and production and comedy venues activities under the Levity name. AMC Networks Inc. was founded in 1980 and is headquartered in New York, New York.

Understand AMC Networks Inc.: how it makes money

AMC Networks owns and operates TV networks and streaming services, and it makes money from subscription and streaming revenues, affiliate distribution revenues, advertising revenues, and content licensing revenues (for specific content deliveries).

AMC’s profit engine is monetizing its owned programming and streaming brands through (1) subscription and streaming revenues (including AMC Plus and other streaming services) and (2) distribution-related affiliate revenues, with advertising and content licensing as additional revenue streams.

Revenue by segment (latest quarter)
DomOps$0.5B
IntlOther$0.1B

Business quality (Weak): Clear operating visibility into streaming audience (Streaming Subscribers), but profitability is modest (operating margin 5.8%).

Valuation: At 11× earnings, AMCX trades 40% below the Communication average (18×). Note: one-time items can distort reported P/E.

Bull case

  • Streaming audience scale: The company reports Streaming Subscribers of 10.1 million and 0.3 million Streaming Subscribers Added in the latest period, which links directly to its subscription and streaming revenue streams.
  • Multiple monetization paths: Along with subscription streaming revenues, AMC also records affiliate revenues, advertising revenues, and content licensing revenue from deliveries of WALL, diversifying where revenue comes from within its content ecosystem.

Bear case

  • Thin operating profitability: The latest reported operating margin is 5.8%, so execution and cost control can meaningfully impact overall earnings power.
  • Revenue depends on shifting mix across monetization levers: AMC revenue includes subscription and streaming, affiliate distribution, advertising, and content licensing, so changes in any one of these areas can pressure results if the mix shifts unfavorably.
Valuation — source: SEC EDGAR (first-party)
Price$12.19
Market Cap$524.37M
EV / EBITDA12.6
Price / Book0.55
Price / Sales0.23
FCF Yield36.3%
DCF Value (model)$65.12
DCF Upside vs Price434.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.31B
Net Margin3.9%
Revenue Growth (YoY)-8.8%
EPS Growth (YoY)-145.5%
FCF Growth (YoY)-54.8%
Financial Health — source: SEC EDGAR
Altman Z-Score1.77 (distress)
Piotroski F-Score6/9 (moderate)
Valuation vs Sector & Industry
Sector P/E (Communication Services)24.4
Industry P/E (Communication)17.9
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock Fund Advisors ($121.49M)
Institutional Holders Tracked10
Congressional Trades (recent)1
Company
SectorCommunication Services
IndustryCommunication
CEOKristin Aigner Dolan
Employees1,800
CountryUS
IPO Date2011-06-16

Related Companies (Business model: Telecom Carrier; 8 closest by market cap; US-domiciled)

  • Liberty Broadband Corporation (LBRDK)
  • Adeia Inc. (ADEA)
  • GCI Liberty, Inc. (GLIBK)
  • Cogent Communications Holdings, Inc. (CCOI)
  • ATN International, Inc. (ATNI)
  • Optimum Communications, Inc. (OPTU)
  • Cable One, Inc. (CABO)
  • The Arena Group Holdings, Inc. (AREN)
AMCX earnings history · AMCX institutional & insider holders · AMCX KPIs & operating metrics · AMCX financials · AMCX investor presentations & press releases · AMCX SEC filings · AMCX peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.