AMC Networks saw an 18% drop in U.S. ad sales but a 12% increase in revenue for the company’s streaming business during the second quarter of 2025, the company reported Friday.
Subscribers to AMC Networks’ suite of streaming platforms — AMC+, Acorn TV, Shudder, Sundance Now, ALLBLK and HIDIVE — increased 2% to 10.4 million during the quarter, which ran April 1-June 30. (In Q1, AMC Networks announced it was recalculating its streaming subscribers count to only include direct, paid signups, which totaled 10.2 million by the end of March).
Wall Street forecast earnings per share (EPS) of 61 cents on $583 million in revenue, according to analyst consensus data provided by LSEG. AMC Networks reported adjusted EPS of 69 cents on $600 million in revenue.
“We are executing our clear strategic plan focused on programming, partnerships and profitability,” CEO Kristin Dolan said in a letter to shareholders. “We remain committed to delivering high-quality and distinctive series and films to our engaged fans across all platforms, including the best collection of targeted streaming services in the world. In the second quarter, we saw streaming revenue growth accelerate, strength in content licensing and continued healthy free cash flow generation. We are increasing our free cash flow outlook for 2025 and now expect approximately $250 million of free cash flow for the full year.”
More to come…