AMC Networks demonstrated strong growth in streaming and content licensing, with strategic successes in financing and AI integration. However, these positives are countered by significant declines in overall revenue, advertising, and AOI, reflecting challenges in traditional operations.

Company Guidance

During the AMC Networks Inc. Second Quarter 2025 Earnings Call, the company provided guidance indicating a strong performance in several areas. AMC Networks reported a second-quarter free cash flow of $96 million, prompting an increase in their full-year free cash flow outlook to approximately $250 million. Streaming revenue showed significant growth, with a 12% increase, contributing to the company ending the quarter with 10.4 million streaming subscribers. Despite a 4% year-over-year decline in consolidated net revenue to $600 million, streaming revenue is expected to be the largest single revenue component for the year. The company also highlighted a 25% increase in digital advertising commitments during upfront negotiations and discussed strategic initiatives, including expanding their FAST channel offerings internationally and leveraging AI in partnership with Runway to enhance marketing and programming development. Overall, AMC Networks demonstrated resilience amid industry changes, focusing on programming, partnerships, and profitability.

Increased Free Cash Flow Outlook

AMC Networks increased its free cash flow outlook to approximately $250 million for the full year, citing strong cash flow generation and efficiency in programming.

Streaming Revenue Growth

Streaming revenue grew 12% year-over-year with streaming subscribers growing 2%, ending the second quarter with 10.4 million subs. Streaming is expected to be the largest single revenue component in 2025.

Successful Financing and Debt Reduction

The company reduced total debt by over $400 million, including the retirement of $699 million of unsecured senior notes due 2029 at a significant discount.

Strong Content Licensing Performance

AMC Networks reported strong demand for its content, including the sale of its music catalog and executive producer fees related to Apple TV+ series 'Silo.'

AI Integration in Production

AMC Networks entered a partnership with Runway to leverage generative AI in marketing and programming, improving efficiencies in visualization and post-production.

AMC Networks (AMCX) Earnings, Revenues Date & History

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AMCX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 31, 2025	2025 (Q3)	0.28 / -	0.91	―	―	―
Aug 08, 2025	2025 (Q2)	0.61 / 0.69	1.24	-44.35% (-0.55)	―
May 09, 2025	2025 (Q1)	0.78 / 0.52	1.16	-55.17% (-0.64)	―
Feb 14, 2025	2024 (Q4)	1.04 / 0.64	0.72	-11.11% (-0.08)	―
Nov 08, 2024	2024 (Q3)	0.62 / 0.91	1.85	-50.81% (-0.94)	―
Aug 09, 2024	2024 (Q2)	1.52 / 1.24	2.02	-38.61% (-0.78)	―
May 10, 2024	2024 (Q1)	1.66 / 1.16	2.62	-55.73% (-1.46)	―
Feb 09, 2024	2023 (Q4)	0.68 / 0.72	2.52	-71.43% (-1.80)	―
Nov 03, 2023	2023 (Q3)	1.30 / 1.85	2.09	-11.48% (-0.24)	―
Aug 04, 2023	2023 (Q2)	1.53 / 2.02	2.06	-1.94% (-0.04)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

AMCX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 08, 2025	$6.00	$6.53	+8.83%
May 09, 2025	$6.19	$6.33	+2.26%
Feb 14, 2025	$9.84	$8.79	-10.67%
Nov 08, 2024	$8.35	$8.56	+2.51%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.