NEW YORK, Feb. 25, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of AMC Networks Inc ("AMC" or the "Company") (NASDAQ: AMCX). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether AMC and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

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On February 14, 2025, AMC issued a press release reporting its financial results for the fourth quarter and full year ended December 31, 2024. Among other items, for the quarter, AMC reported a net loss of $284.5 million, or $6.38 per share, compared to a net loss of $21.8 million, or $0.50 per share, for the same period in 2023. AMC also reported a year-over-year decline in free cash flow for the quarter, to $37.6 million from $66 million, and a significant increase in operating loss, to $254.2 million from $11 million. AMC also recorded more than $345 million in impairment and restructuring charges for the quarter. 

On this news, AMC's stock price fell $1.05 per share, or 10.67%, to close at $8.79 per share on February 14, 2025.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Danielle Peyton

Pomerantz LLP

dpeyton@pomlaw.com

646-581-9980 ext. 7980

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SOURCE Pomerantz LLP