AMC Global's third quarter included strengthening across most revenue lines. However, streaming growth has decelerated, and operating profit and free cash flow were weak. Revenue was up 1%, the first quarter of growth in over three years, even as Netflix licensing was not yet a major contributor.
AMC has the flexibility to experiment with streaming because it receives low affiliate fees from pay TV distributors. It is unlikely to face pushback for making its programming nonexclusive.
AMC’s small size could allow pay TV providers to cut it out of the bundle with little pushback from consumers, and it doesn’t have deep enough programming to gain sufficient scale with a stand-alone streaming platform.
Metric | AMCX | FOXA | SKYD |
|---|---|---|---|
Price/Earnings (Normalized) | 13.89 | 10.43 | 7.12 |
Price/Book Value | 0.41 | 2.28 | 0.76 |
Price/Sales | 0.18 | 1.62 | 0.19 |
Price/Cash Flow | 0.41 | 7.33 | 0.36 |
Metric | AMCX | FOXA | SKYD |
|---|---|---|---|
Quick Ratio | 1.43 | 3.37 | 0.69 |
Current Ratio | 1.90 | 3.79 | 1.10 |
Interest Coverage | −0.36 | 7.39 | 1.44 |
Metric | AMCX | FOXA | SKYD |
|---|---|---|---|
Return on Assets (Normalized) | 0.43% | 12.46% | — |
Return on Equity (Normalized) | 1.74% | 23.88% | — |
Return on Invested Capital (Normalized) | 4.03% | 15.54% | — |
1-Day Chart | Name | Price | Morningstar Rating for Stocks | Capital Allocation | Economic Moat | Market Cap |
|---|---|---|---|---|---|---|
| Netflix Inc NFLX | LOCK|THfQ??Lc | LOCK|X!%M& | $260B | |||
| The Walt Disney Co DIS | LOCK|W!?F<&@ | LOCK|W^ | $206B | |||
| Live Nation Entertainment Inc LYV | LOCK|N^TFL<BT | LOCK|^D!^y | $42B | |||
| Skydance Corp Ordinary Shares - Class B SKYD | LOCK|V$# | LOCK|QnP | $41B | |||
| Fox Corp Class A FOXA | LOCK|>CY%xdQn | LOCK|!Z | $37B | |||
| Fox Corp Class B FOX | LOCK|?&!kPHPl | LOCK|T@< | $37B | |||
| Warner Music Group Corp Ordinary Shares - Class A WMG | LOCK|F!^b?c | LOCK|>MVJD | $17B | |||
| News Corp Class A NWSA | LOCK|CD>N^! | LOCK|Jbf | $15B | |||
| News Corp Class B NWS | LOCK|rG!pZN | LOCK|&& | $15B | |||
| Sirius XM Holdings Inc SIRI | LOCK|Jh@D?hF | LOCK|@%? | $11B |
United States