Television broadcasting and production company AMC Networks (NASDAQ:AMCX) reported Q3 CY2025 results beating Wall Street’s revenue expectations , but sales fell by 6.3% year on year to $561.7 million. Its non-GAAP profit of $0.18 per share was 47.4% below analysts’ consensus estimates. Is now the time to buy AMCX? Find out in our full research report (it’s free for active Edge members). AMC Networks (AMCX) Q3 CY2025 Highlights: Revenue: $561.7 million vs analyst estimates of $547.2 million (6.3% year-o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2025 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 1-35106 AMC Networks Inc. (Exact name of registrant as specified in its charter) Nevada 27-5403694 (State or other jurisdiction of incorpo ...

AMC Networks (NasdaqGS:AMCX) Q3 2025 Earnings Call November 07, 2025 08:30 AM ET Speaker1Good day, and thank you for standing by. Welcome to the AMC Networks third quarter 2025 earnings call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during this session, you will need to press star 1-1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question ...

Core Insights - AMC Networks is transitioning from linear TV to streaming, announcing a 5% reduction in its global workforce of 1,800 employees through voluntary buyouts [1][2] - The company reported mixed quarterly results, with advertising revenue down 17% and streaming revenue up 14% [1][2] - CEO Kristin Dolan emphasized the importance of this transition, describing the quarterly performance as a key milestone in becoming a global streaming and technology-focused content company [2] Company Overview - AMC Networks operates several cable networks including AMC, IFC, Sundance TV, We TV, and BBC America, along with niche streaming services such as AMC+, Shudder, and Acorn TV, totaling 10.4 million subscribers [3] Industry Context - The downsizing at AMC Networks reflects a broader trend in the entertainment sector, with other companies like Paramount, Warner Bros. Discovery, and Disney also implementing significant layoffs [4] - The impact of artificial intelligence advancements is leading to job cuts in various sectors, including Big Tech, with Amazon recently announcing a reduction of 14,000 corporate employees [5]

AMC Networks (AMCX) came out with quarterly earnings of $0.18 per share, missing the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.91 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -41.94%. A quarter ago, it was expected that this owner of cable channels including AMC and IFC would post earnings of $0.54 per share when it actually produced earnings of $0.69, delivering a surprise of +27.78%.Over ...

Core Insights - AMC Networks experienced double-digit declines in advertising and affiliate revenue in Q3, missing Wall Street analysts' earnings forecast [1][2] - CEO Kristin Dolan highlighted streaming gains as a sign of a transition towards a digital-focused business [1][2] Financial Performance - Revenue decreased by 6% in Q3, totaling $561.7 million, while earnings per share fell to 18 cents from 91 cents a year ago, missing the analysts' target of 34 cents [2] - Advertising revenue dropped 17% year-over-year to $110 million, attributed to declines in linear ratings and lower marketplace pricing [3] - Affiliate revenues fell 13% to $142 million, impacted by basic subscriber declines and contractual rate decreases [3] - Content licensing revenues decreased by 27% to $59 million, mainly due to timing and availability of deliveries [3] Streaming Performance - Streaming revenues increased by 14% to $174 million, primarily due to price increases, with streaming expected to be the dominant revenue source for the year [4] - The number of streaming subscribers rose by 2% year-over-year to 10.4 million [4] Cash Flow - Free cash flow for the quarter was $42 million, down 22% from the previous year, but the company aims to achieve a target of $250 million in free cash flow for the full year [4]

AMC NETWORKS INC. REPORTS THIRD QUARTER 2025 RESULTS New York, NY – November 7, 2025: AMC Networks Inc. ("AMC Networks" or the "Company") (NASDAQ: AMCX) today reported financial results for the third quarter ended September 30, 2025. Chief Executive Officer Kristin Dolan said: "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. Streaming revenue growth accelerated and will represent our lar ...

Core Insights - AMC Networks is transitioning from a cable networks business to a global streaming and technology-focused content company, with streaming revenue growth accelerating to become the largest source of domestic revenue this year [2][6] - The company reported a healthy free cash flow and is on track to achieve an increased outlook of $250 million in free cash for the full year [2] Financial Highlights - Net revenues for Q3 2025 were $561.7 million, a decrease of 6.3% from $599.6 million in Q3 2024 [5] - Operating income fell by 40.7% to $55.5 million compared to $93.7 million in the same quarter last year [5] - Adjusted operating income decreased by 28.2% to $94.4 million, with a margin of 17% [5][11] - Diluted earnings per share (EPS) increased by 81.6% to $1.38, while adjusted EPS dropped by 80.2% to $0.18 [5][11] Operational Highlights - Domestic operations revenues decreased by 8% to $486 million, with subscription revenues remaining flat at $316 million [11] - Streaming revenues increased by 14% to $174 million, driven by price increases across services [11] - The company renewed long-term affiliate agreements and expanded relationships with platforms like DirecTV and Netflix [6] Cash Flow and Debt Management - Net cash provided by operating activities was $44.8 million, with free cash flow of $42 million [6][41] - The company amended its credit agreement, maintaining $175 million in commitments under the revolving credit facility [14][15] Segment Performance - International revenues increased by 5% to $77 million, with subscription revenues slightly down by 1% [19] - Advertising revenues in the international segment rose by 15% to $26 million, attributed to strong performance in the UK and Ireland [19] Stock and Shareholder Information - The company has authorized a stock repurchase program of up to $1.5 billion, with $125 million remaining for repurchase as of September 30, 2025 [17][18]

Partnership & Strategy - Charter and Disney's partnership is thriving, emphasizing customer-centric approaches and mutual benefits [7][8] - Charter views video as a unique way to enhance the appeal of its internet and mobile products, despite lower margins compared to broadband [11] - AMC Networks prioritizes broad distribution of its content, leveraging partnerships like the one with Charter to expand reach [22][24] - ESPN is committed to the pay TV environment, adding value through product enhancements within the ESPN app for Charter subscribers [29][30] Customer Experience & Value - Removing friction from the content discovery process benefits both Disney/ESPN and the customer [5] - Charter aims to provide value and utility to customers through platforms like Zumo, partnering with Comcast [13] - Charter is bundling direct-to-consumer apps to provide value to customers, potentially saving them money [17][18] - Charter is addressing customer distrust by ensuring included services are not just free trials but part of the service [57][58] Technology & Future Trends - Personalization and interactivity are key technological trends, with ESPN prioritizing both through its app [93][94][95] - Charter emphasizes the importance of high-capacity, low-latency networks to support rich applications and content [101] - The industry acknowledges the need to integrate social and user-generated content to engage younger audiences [69][72]

Core Insights - The discussion centers around the evolving partnership between Charter Communications and major content providers like Disney and AMC Networks, focusing on how they are adapting to changes in consumer behavior and preferences in the media landscape [3][4][46]. Group 1: Partnership Dynamics - Charter and Disney's negotiation led to a unique partnership that prioritizes customer experience, moving away from traditional renewal processes to a more integrated approach [7][8]. - The collaboration has resulted in a win-win situation for all parties involved, particularly benefiting the customer by reducing friction in accessing content [6][8]. - AMC Networks has successfully integrated its services with Charter, leading to over 850,000 activations for the AMC Plus app through the Spectrum package [26]. Group 2: Market Trends and Consumer Behavior - The media landscape is shifting, with a notable decline in traditional cable subscriptions, prompting companies to rethink their strategies [21][49]. - There is a growing emphasis on direct-to-consumer (DTC) models, with companies like ESPN focusing on enhancing their app offerings to retain and attract subscribers [30][31]. - The importance of bundling services is highlighted, as many consumers prefer packages that offer both traditional and streaming content [41][42]. Group 3: Technological Integration - Companies are leveraging technology to enhance user experience, such as personalized content delivery and interactive features within apps [94][96]. - The integration of advanced technology is seen as crucial for maintaining competitiveness in a market increasingly dominated by streaming services [100][101]. - Charter's network capabilities are positioned as a significant advantage in delivering high-quality content and services to consumers [103][104]. Group 4: Industry Challenges and Future Outlook - The industry faces challenges related to customer trust and perceptions of value, particularly in the context of traditional cable providers [57][58]. - There is a recognition that the future may involve a blend of traditional cable and streaming services, with companies needing to adapt to changing consumer preferences [68][69]. - The discussion suggests that while there may not be a clear floor for traditional cable subscribers, companies must continue to innovate and provide value to retain their customer base [50][51].