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Sep 30
AMC Q3 2025 Earnings Report
AMC Networks posted its Q3 2025 results with strong streaming growth and continued profitability.
Key Takeaways
AMC Networks saw notable gains in streaming revenues and EPS, while total revenue declined modestly year-over-year. The company maintained positive free cash flow and reported strong operating income despite lower advertising and licensing revenues.
Streaming revenue rose to $174M with continued subscriber growth.
Net income more than doubled to $77.7M.
Free cash flow came in strong at $42M, supporting $250M FY guidance.
Advertising and content licensing revenues declined year-over-year.
AMC
AMC
AMC Revenue by Segment
AMC Revenue by Geographic Location
Revenue by Segment
Domestic Ops Revenue
CapyFin.comInternational Revenue
CapyFin.comRevenue by Geographic Location
Domestic Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
AMC remains on track to deliver $250M in free cash flow for FY25, driven by streaming growth and cost management.
Positive Outlook
- Streaming revenue now the largest domestic source.
- Renewed affiliate agreement with DirecTV including FAST channels.
- Strong cash generation and positive free cash flow.
- New series and franchises expanding content portfolio.
- Renewed international licensing deals, including Netflix.
Challenges Ahead
- Total revenue declined 6% YoY.
- Content licensing revenue fell 27%.
- Affiliate revenue dropped due to basic subscriber losses.
- Advertising revenue continued to decline with linear ratings.
- Adjusted EPS down sharply from prior year.