Copyright Variety
AMC Networks reported its third-quarter 2025 earnings Friday, revealing a 17% decline in U.S. ad sales for the TV media company. During that same period, which ran July-September, paid streaming subscribers rose by 200,000 customers across AMC Networks’ portfolio of brands — including AMC+, Acorn TV, Shudder, Sundance Now, ALLBLK and HIDIVE — to reach 10.4 million. Overall, domestic streaming revenue rose 14% to $174 million following a price increase across platforms. AMC’s linear networks include AMC, BBC AMERICA (which includes U.S. distribution and sales for BBC News), IFC, SundanceTV and We TV. The company also owns film distribution labels Independent Film Company and RLJE Films, and in-house studio AMC Studios. Wall Street forecast earnings per share (EPS) of 34 cents on $549.3 million in revenue for AMC Networks, according to analyst consensus data provided by LSEG. AMC Networks reported adjusted EPS of 18 cents on $562 million in revenue. “Our performance in the third quarter marks a key milestone in our transition from a cable networks business to a global streaming and technology focused content company,” AMC Networks CEO Kristin Dolan sad in a letter to shareholders. “Streaming revenue growth accelerated and will represent our largest single source of domestic revenue this year. We again delivered healthy free cash flow and remain on track to achieve our increased outlook of $250 million in free cash for the full year. We have built the components of a modern media business that is nimble, independent and well suited to today’s environment and whatever comes next.”
