AMC Networks Sees 80% Drop in Profit, CEO Declares Streaming as 'Primary Revenue Source'
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 07 2025
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Source: Benzinga
Quarterly Financial Performance: AMC Networks reported a 6.3% decline in revenue to $561.74 million for Q3 2025, surpassing analyst expectations, but adjusted EPS fell 80.2% to 18 cents, missing estimates.
Domestic Operations Insights: Domestic revenues decreased by 8%, with subscription revenues stable due to streaming growth, while advertising revenues dropped 17.4% and content licensing revenues fell 26.7%.
International Segment Growth: International revenues rose 4.7% to $77.14 million, but consolidated adjusted operating income and operating cash flow both saw significant declines.
Strategic Shift and Future Outlook: CEO Kristin Dolan highlighted the company's transition to a streaming-focused business, with expectations for streaming to become the largest domestic revenue source, while maintaining a strong free cash flow target of $250 million for the year.
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Analyst Views on AMCX
Wall Street analysts forecast AMCX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMCX is 6.67 USD with a low forecast of 6.00 USD and a high forecast of 8.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
0 Buy
4 Hold
1 Sell
Hold
Current: 7.720
Low
6.00
Averages
6.67
High
8.00
Current: 7.720
Low
6.00
Averages
6.67
High
8.00
About AMCX
AMC Networks Inc. is a global entertainment company. The Company creates and curates series and films across distinct brands and makes them available to audiences everywhere. The Domestic Operations segment consists of five programming networks, streaming services, AMC Studios operation, and film distribution business. Its programming networks are AMC, We TV, BBC AMERICA, IFC, and SundanceTV. Its streaming services consist of AMC+ and its targeted subscription streaming services (Acorn TV, Shudder, Sundance Now, ALLBLK, and HIDIVE). Its AMC Studios operation produces original programming for its programming services and third parties and also licenses programming worldwide. Its film distribution business includes Independent Film Company, RLJ Entertainment Films and Shudder. The International segment consists of AMC Networks International (AMCNI), its international programming businesses consisting of a portfolio of channels distributed around the world.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
AMC Networks to Host Q4 and Full Year 2025 Earnings Call
- Earnings Call Schedule: AMC Networks will host a conference call on February 11, 2026, at 4:30 PM ET to discuss its Q4 and full-year 2025 results, which is expected to impact investor confidence.
- Pre-Earnings Release Insight: The company will issue a press release after market close, providing key financial data that will assist analysts and investors in assessing its market performance and future growth potential.
- Live Streaming and Replay: The conference call will be webcast live on the company's website, with replays available approximately two hours after the call ends, enhancing information transparency and investor engagement.
- Company Overview: AMC Networks is home to several well-known brands and streaming services, including AMC+ and Acorn TV, dedicated to delivering high-quality content to global audiences, showcasing its market position in the entertainment industry.
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AMC Networks CFO Patrick O’Connell to Depart; Successor Search Underway
- Executive Departure: AMC Networks announced that CFO Patrick O’Connell will leave the company in March, although he will participate in the Q4 and FY 2025 earnings call, indicating stability during the transition period.
- Successor Search: The company has initiated a search for O’Connell's successor, a move that could impact financial strategy and investor confidence, especially against the backdrop of current streaming business growth.
- Financial Goals: AMC Networks targets $250 million in free cash flow for 2025, and despite a decline in ad revenues, the growth in streaming sales provides a new revenue source, showcasing the potential of its business transformation.
- Market Reaction: Despite the executive changes, AMC Networks' stock ticked up slightly due to the growth in streaming sales, reflecting a cautiously optimistic market sentiment regarding the company's future prospects.
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