AMC Networks 2025 Q3 Earnings Strong Net Income Growth Despite Revenue Decline

AMC Networks (AMCX) reported fiscal 2025 Q3 earnings on Nov 7, 2025, with revenue declining 6.3% to $561.74 million but net income surging 72.4% to $80.08 million. The company maintained its 2025 guidance, targeting $250 million in free cash flow and $2.3 billion in revenue.

Revenue

Domestic subscription revenue remained flat at $316.2 million, with streaming revenue growing 14% to $174 million, offsetting a 13% decline in affiliate revenue. International revenue increased 4.7% to $77.1 million, driven by strong performance in the UK and Ireland.

Earnings/Net Income

AMC Networks’ EPS rose 86% to $1.73, reflecting improved profitability despite lower revenue. Net income of $80.08 million marked a significant 72.4% year-over-year increase, underscoring operational efficiency.

Post-Earnings Price Action Review

Following the earnings report, AMC Networks’ stock price fluctuated, rising 4.30% during the latest trading day but declining 0.79% for the week and 4.69% month-to-date. Analysts noted mixed market reactions, with some highlighting the revenue beat as a positive sign while others expressed concerns over the EPS miss.

CEO Commentary

CEO Kristin Dolan emphasized progress in transitioning to a “global streaming and technology-focused content company,” citing streaming as the largest domestic revenue source. Strategic moves included expanding partnerships with Netflix and DirecTV, while a 5% voluntary workforce reduction aimed to align skills with future needs.

Guidance

The company reiterated 2025 guidance: $250 million in free cash flow, $2.3 billion in consolidated revenue, and $400–$420 million in adjusted operating income (AOI). Dolan confirmed streaming would surpass affiliate revenue domestically.

Additional News

AMC Networks repaid $166 million of its term loan A post-quarter end and launched a triple bundle with Amazon Prime Video (AMC+, MGM+, Starz). A voluntary buyout program reduced staff by 5%, and renewed distribution deals with DirecTV and Samsung expanded streaming access.

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