AMC Networks Downgraded to Neutral Amid Declining Subscriber and Revenue Trends

AMC Networks analyst David Joyce downgraded the rating from Buy to Neutral, citing declining subscriber, revenue, and EBITDA trends in the linear networks industry. AMC Networks' consolidated revenue is expected to contract 5.4% in 2025 to $2.29 billion. Streaming Subscription revenue is a growth driver, but the stock is fairly valued for now. The analyst suggests waiting for consolidation events to emerge before investing.