AMC Global Media's first-quarter sales and operating profit were weak, but the firm had already said results this year would be tilted toward the second half. Excluding a currency tailwind, revenue was down 3% year over year, and the adjusted operating margin dropped to 13%, from 19% last year.
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
|
PSKY
|
|---|---|---|---|
Price/Earnings (Normalized) | 6.23 | 13.89 | 9.06 |
Price/Book Value | 0.46 | 2.62 | 0.98 |
Price/Sales | 0.23 | 1.88 | 0.24 |
Price/Cash Flow | 0.52 | 9.94 | 0.46 |
|
Metric
|
AMCX
|
FOXA
|
PSKY
|
|---|---|---|---|
Quick Ratio | 1.44 | 2.52 | 0.84 |
Current Ratio | 1.75 | 2.90 | 1.10 |
Interest Coverage | 1.38 | 6.45 | 1.44 |
|
Metric
|
AMCX
|
FOXA
|
PSKY
|
|---|---|---|---|
Return on Assets (Normalized) | 2.17% | 10.31% | — |
Return on Equity (Normalized) | 9.29% | 20.15% | — |
Return on Invested Capital (Normalized) | 6.29% | 12.96% | — |
|
1-Day Chart
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United States