AMC Networks saw an increase in streaming revenue in its second quarter, reaching $169 million, up 12 percent from the prior year, largely due to the impact of price increases.

Domestically, the number of streaming subscribers also increased to 10.4 million, up from 10.2 million in the prior quarter. Last quarter, the company said it would change the way it calculated streaming subscribers, with the numbers now reflecting subscribers who pay a fee for one of their services, which include AMC+, Acorn TV, Shudder and more, rather than those who receive access to one of the streaming services through a video package that also includes linear programming, However, U.S. advertising revenues took a hit, down 18% to $123 million due to linear ratings declines. Content licensing revenues increased 26% to $84 million, helped by the sale of AMC Networks music catalog and executive producer fees related to Apple TV+s Silo.

AMC Networks reported net revenue of $600 million, down 4 percent from the prior year, but above analyst expectations. The company reported adjusted earnings per share of 69 cents after reporting adjusted earnings per share of $1.24 in the year earlier period, but also above expectations.

We are executing our clear strategic plan focused on programming, partnerships and profitability. 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..