AMC Networks Q3: Ad Sales Fall 17% as Streaming Subscribers Reach 10.4 Million

The company missed profit forecasts, with executives saying streaming will be its biggest U.S. revenue source this year.

Overview

AMC Networks posted $562 million in Q3 revenue, down 6% year over year, with adjusted EPS of $0.18 versus a $0.34 Wall Street consensus.
U.S. advertising revenue declined to $110 million and affiliate fees fell 13% to $142 million as linear ratings and pay‑TV subscribers contracted.
Paid streaming customers increased by 200,000 to 10.4 million and domestic streaming revenue rose 14% to $174 million, driven largely by price increases.
Management emphasized a shift to a streaming- and technology-focused model and reaffirmed full‑year free‑cash‑flow guidance of about $250 million.
International revenue rose 5% to $77 million as segment profit slipped to $12 million, with subscription revenue down 1% after a Spain distribution non‑renewal.