AMC Networks Reports Q3 Profit Drop Amid Ad Market Challenges

Despite declining profits, AMC Networks sees growth in streaming subscribers and content licensing revenues.

AMC Networks' Q3 profit decreased by 35% to $41.4 million, with revenues falling 6% to $600 million.
U.S. advertising revenues dropped 10% due to declining linear ratings, partially offset by digital ad growth.
Streaming subscribers increased from 11.6 million to 11.8 million, boosting streaming revenues by 7% to $152 million.
Content licensing revenues rose 31%, supported by a new deal with Netflix for AMC branded shows.
The company completed the acquisition of BBC America, purchasing the remaining 50.1% for $42 million.