This AMC Networks Analyst Is No Longer Bullish Amid Netflix-Paramount Battle For Warner Bros Discovery
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Seaport Research downgraded AMC Networks (NASDAQ:AMCX) from Buy to Neutral due to declining trends in the linear networks industry. Despite a rally driven by acquisition interest from Netflix, Paramount, and Warner Bros Discovery, AMC Networks faces a projected 5.4% revenue contraction in 2025. Streaming subscription revenue, growing at 12.8% y/y, now represents 30% of total revenue. Analyst David Joyce suggests waiting until the Warner Bros. Discovery purchase situation stabilizes. AMCX shares declined 2.30% to $9.78.
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