AMC Networks A

AMC Global Media reported Q1 2026 EPS of $0.08 versus $0.23 expected (variance -65%), while revenue of $542.13 million narrowly beat forecasts. Total revenue fell 2% year-over-year, consolidated adjusted operating income (AOI) declined 34%, and free cash flow was $65 million. Streaming revenues rose 11% and digital advertising revenues increased 44%. The company has initiated debt-reduction measures and reiterated its full-year guidance of about $2.25 billion in revenue and roughly $350 million in AOI. The stock reacted slightly negatively in premarket trading and is trading near its 52-week low. » Więcej na de.investing.com

AMC Networks has changed its company name to AMC Global Media; its common shares will continue to trade under the ticker NASDAQ:AMCX and existing share certificates do not need to be exchanged. Chief Financial Officer Patrick O’Connell resigned; Michael J. Sherin III is serving as interim CFO. The company is repaying its 10.25% Senior Secured Notes 2029 by April 6, 2026 at a repurchase price of 105.125%, and also exchanged bonds for new senior secured 10.50% Notes 2032, while securing consent to amendments that enable share buybacks. CEO Kristin A. Dolan was appointed as a Class-B director; the stock last traded at $7.56 and appears undervalued with a P/E of 4.54 according to analysis. » Więcej na de.investing.com

Patrick O’Connell’s resignation as chief financial officer of AMC Networks took effect on Monday; the company clarified the move was not due to disagreements over business practices. Chief Accounting Officer Michael J. Sherin III will assume the duties of the chief financial officer on an interim basis. AMC Networks also successfully completed a bond exchange offer: about 95% of the 10.25% notes maturing in 2029, with a face value of roughly $830.6 million, were exchanged for 10.50% notes due 2032, and 99.8% of creditors approved amendments that, among other things, allow share repurchases of up to $50 million; the remaining 2029 notes will be repaid on April 6, 2026 at 105.125%. CEO Kristin Dolan was appointed a Class B member of the board of directors. » Więcej na de.investing.com