AMC Networks showed promising developments in their streaming and digital advertising strategies, with strong free cash flow and innovative partnerships driving growth. However, the company faced significant challenges in traditional linear advertising and international subscription revenues, leading to a decline in overall revenue.

Company Guidance -

Q3 2025

During AMC Networks' First Quarter 2025 Earnings Call, CEO Kristin Dolan highlighted the company's focus on programming, partnerships, and profitability amidst ongoing industry changes. AMC Networks increased its two-year cumulative free cash flow guidance to $550 million for 2024-2025, starting 2025 strong with $94 million generated in the first quarter. The company launched an ad-supported version of AMC+ with Charter, enhancing distribution flexibility, and plans to launch an ad-supported version of Shudder later this year. AMC Networks is also developing a new FAST channel, Acorn TV Mysteries, to enhance visibility and offer advertisers access to Acorn's audience. The company reported a 7% decline in consolidated net revenue year-over-year to $555 million, with domestic operations revenue decreasing by 7% to $486 million. Subscription revenue saw an 8% growth in streaming, despite a 12% decline in affiliate revenue. Adjusted operating income (AOI) was down 30% to $104 million with a 19% margin, while adjusted EPS stood at $0.52. AMC Networks ended the quarter with 10.2 million streaming subscribers under a revised definition and expects streaming revenue growth to accelerate throughout the year. The company continues to adapt to market conditions and plans further content releases and strategic partnerships to sustain growth.

Strong Start in Free Cash Flow Generation

AMC Networks generated $94 million in free cash flow in the first quarter, on track to achieve their full-year target of approximately $220 million.

Launch of Ad-Supported Streaming Services

The company launched an ad-supported version of AMC+ and plans to launch an ad-supported version of Shudder, expanding audience reach and advertising opportunities.

Growth in Streaming Revenue

Streaming revenue grew 8% despite a 3% decrease in overall subscription revenue, driven by pricing adjustments and streaming service launches.

Strong Audience Engagement for Original Programming

Dark Winds achieved a 100% score on Rotten Tomatoes for all three seasons, with a notable increase in direct-to-consumer acquisition on AMC+ for its third season premiere.

Innovative Partnerships and Distribution Strategies

AMC Networks formed strategic partnerships with Charter and Philo, integrating AMC+ into their platforms to enhance distribution and access.

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)	0.45 / -	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
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%
Aug 09, 2024	$10.30	$9.74	-5.44%

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.