Overview

* AMC Networks ( AMCX ) 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 ( AMCX ) expects $250 mln free cash flow for 2025

* Company sees streaming revenue growth accelerating

* AMC Networks ( AMCX ) 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

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $600.02 $582 mln

Revenue mln (5

Analysts

)

Q2 Beat $0.69 $0.61 (6

Adjusted Analysts

EPS )

Q2 EPS $0.91

Q2 Beat $109.39 $71.70

Adjusted mln mln (5

Operatin Analysts

g Income )

Q2 EBIT $64.47

mln

Q2 Free $95.74

Cash mln

Flow

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 ( AMCX ) 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:

(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.)