Levi & Korsinsky notifies investors that it has commenced an investigation into AMC Networks Inc. (NASDAQ: AMCX) concerning potential violations of the federal securities laws.
AMC issued a press release on February 14, 2025, 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. Following this news, AMC's stock price fell over 10% on the same day.
If you suffered a loss on your AMC Networks Inc. securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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