AMC Networks Q3 revenue beats expectations as price hikes drive streaming business

AMC Global Media

07/11/2025 12:13

Overview

AMC Networks Q3 revenue declines 6% yr/yr but beats analyst expectations

Adjusted EPS for Q3 misses analyst estimates

Adjusted operating income for Q3 beats analyst expectations

Company highlights growth in streaming revenue and strategic partnerships

Outlook

AMC Networks expects full-year free cash flow of $250 mln

Streaming revenue to become largest domestic revenue source this year

Result Drivers

STREAMING GROWTH - Streaming revenue increased 14% due to price hikes and strategic partnerships, becoming the largest domestic revenue source

AFFILIATE REVENUE DECLINE - Affiliate revenues fell 13% due to subscriber declines and lower contractual rates

CONTENT LICENSING DROP - Content licensing revenues decreased 27% due to timing and availability of deliveries

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$561.74 mln
$549 mln (6 Analysts)
Q3 Adjusted EPS
Miss
$0.18
$0.28 (7 Analysts)
Q3 EPS
$1.38
Q3 Adjusted Operating Income
Beat
$94.45 mln
$66.50 mln (6 Analysts)
Q3 EBIT
$55.52 mln
Q3 Free Cash Flow
$42 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and 4 "sell" or "strong sell"

The average consensus recommendation for the broadcasting peer group is "buy."

Wall Street's median 12-month price target for AMC Networks Inc is $6.00, about 20.8% below its November 6 closing price of $7.25

The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 2 three months ago

Press Release: ID:nGNX96wHqw

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)