AMC Networks reported a 4% year-over-year drop in revenue during its second quarter earnings for 2025 on Friday. This decline was largely due to continuing declines in the cable ecosystem, but there was a ray of hope. During the quarter, streaming revenue increased by 12%, owing to a price increase from the company’s streaming offering, AMC+.
Both domestic operations revenues and segment adjusted operating income saw a decline of 2% and 19%, respectively. Both of those declines were in large part due to trends in the overall cable ecosystem. Cable subscription revenue decreased 1% year or year, coming in at $320 million. The declining cable landscape also impacted affiliate and advertising revenues. Affiliate revenues dropped 12% to $151 million, which was also partially due to contractual rate decreases. As for advertising revenues, those dropped 18% to $123 million because of both the cable landscape and lower marketplace pricing.
That’s the bad news. The good news is that an AMC+ price hike led to streaming revenues increasing 12% to $169 million. Content licensing was also up 26% to $84 million, which reflected the sale of the company’s music catalog as well as executive producer fees connected to Apple TV+’s “Silo.”
Here are the quarter’s key results:
Revenue: $600 million, down 4% year over year and compared to $555 million predicted by analysts at Yahoo Finance.
Net Income Attributable to Stockholders: $50 million, up 272% year over year for the second quarter.
Earnings per Share: $0.69, down 44% year over year for the second quarter and compared to $0.61 predicted by analysts at Yahoo Finance.
Subscribers: 10.4 million, the same amount of subscribers the company reported at the end of 2024 and a 2% year over year increase.
More to come …
