AMC Networks Streaming Revenue Rises 12% in Q2 as U.S. Ad Sales Drop 18%

AMC Networks reported its second-quarter 2025 earnings Friday, revealing an 18% drop in U.S. ad sales but a 12% increase in revenue for the company’s streaming business.

Wall Street forecast earnings per share (EPS) of 61 cents on $583 million in revenue, according to analyst consensus data provided by LSEG. AMC Networks reported adjusted EPS of 69 cents on $600 million in revenue.

“We are executing our clear strategic plan focused on programming, partnerships and profitability,” CEO Kristin Dolan said in a letter to shareholders. “We remain committed to delivering high-quality and distinctive series and films to our engaged fans across all platforms, including the best collection of targeted streaming services in the world. In the second quarter, we saw streaming revenue growth accelerate, strength in content licensing and continued healthy free cash flow generation. We are increasing our free cash flow outlook for 2025 and now expect approximately $250 million of free cash flow for the full year.”

More to come…