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Broadcasting & Cable
Broadcasting & Cable
Business
Jon Lafayette

AMC Stock Falls 15% On Scary 2024 Revenue Forecast

AMC Patrick OConnell Kristin Dolan Steven Cahall AMC Networks
'The Walking Dead'.

AMC Networks stock dropped 15% to $14.41a share on Friday after the company forecast 6% lower revenues for 2024.

On its fourth-quarter earnings call AMC said that it would be reducing cash spending on programming to $1 billion from $1.1 billion in 2023. The company’s cost cutting will result in higher cash flow, however.

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