AMC Networks ad sales down, streaming subscriptions reach 10.4 million

AMC Networks reported its third-quarter 2025 earnings on Friday, showing a 17% decline in U.S. ad sales for the TV media company.

During the same period, which spanned July through September, the number of paid streaming subscribers increased by 200,000 customers across AMC Networks’ portfolio of brands – including AMC+, Acorn TV, Shudder, Sundance Now, ALLBLK and HIDIVE – to 10.4 million.

Overall, domestic streaming revenue rose 14% to $174 million, driven by a price increase across all platforms.

AMC’s linear networks include AMC, BBC AMERICA (including U.S. distribution and sales of BBC News), IFC, SundanceTV and We TV. The company also owns film distribution labels Independent Film Company and RLJE Films, and its own studio AMC Studios.

Wall Street expects earnings per share (EPS) of 34 cents on revenue of $549.3 million for AMC Networks, according to consensus data from LSEG analysts. AMC Networks reported adjusted earnings per share of 18 cents on revenue of $562 million.

“Our third quarter performance marks a significant milestone in our transition from a cable network company to a global streaming and technology-focused content company,” Kristin Dolan, CEO of AMC Networks, said in a letter to shareholders. “Streaming revenue growth has accelerated and will represent our largest source of domestic revenue this year. We once again delivered healthy free cash flow and remain on track to achieve our increased guidance of $250 million in full-year free cash flow. We have built the components of a modern media company that is agile, independent and well-suited for the current environment and what lies ahead.”