AMC Networks Inc. reported successful financial results for Q4 and full year 2025. Streaming is now the largest revenue source in the domestic segment. The company exceeded free cash flow forecasts and achieved financial guidance. Operational highlights include affiliate renewals, new streaming services, and a diversified programming slate for 2026.

In Q4, net revenues were $595 million, operating loss was $51 million, and adjusted operating income was $104 million. Streaming revenue grew 14%, representing the largest revenue component for the domestic segment. Diluted EPS was $(1.26), but adjusted EPS was $0.64.

For the full year, net revenues were $2.3 billion, operating income was $133 million, and adjusted operating income was $412 million. Streaming revenue grew 12%, with diluted EPS at $1.66 and adjusted EPS at $2.03. Domestic segment subscription revenues declined less than 1%.

International segment revenues decreased 5% in Q4 and 6% for the full year. Subscription revenues increased 1% in Q4, while advertising revenues decreased 13%. Adjusted operating income for the segment decreased 23% in Q4 and 33% for the full year.

The company acquired the remaining 17% of RLJ Entertainment for $75 million. Impairment and other charges of $98 million in 2025 included a $93 million goodwill impairment charge for AMC Networks International. Restructuring and other related charges were $27 million.

AMC Networks repurchased shares of its Class A Common Stock for $7.5 million in Q4. As of December 31, 2025, the company had 31,229,673 shares of Class A Common Stock and 11,484,408 shares of Class B Common Stock outstanding. Adjusted operating income and free cash flow were key performance indicators for the company. Adjusted EPS for Q4 was $0.64, while for the full year it was $2.03.

Read more at GlobeNewswire: AMC Networks Inc. Reports Fourth Quarter and Full Year 2025