Business
AMC Networks Inc. Reports Second Quarter 2025 Results
NEW YORK, Aug. 08, 2025 (GLOBE NEWSWIRE) -- AMC Networks Inc. ("AMC Networks" or the "Company") (NASDAQ: AMCX) today reported financial results for the second
About this update from Amc Global Media Inc.
[{"type":"text","content":"NEW YORK, Aug. 08, 2025 (GLOBE NEWSWIRE) -- AMC Networks Inc. (\"AMC Networks\" or the \"Company\") (NASDAQ: AMCX) today reported financial results for the second quarter ended June 30, 2025. Chief Executive Officer Kristin Dolan said: \"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.\" Operational Highlights: Capitalizing on continued advertising innovation in our current Upfront negotiations with 25%+ growth in digital commitments and trending toward overall volumes consistent with the prior year.Continued expansion of our FAST channels business with the launch of 11 FAST channels on TCLtv+ and introduction of two new FAST channels, AcornTV Mysteries and Love After Lockup.Renewed long-term affiliate agreement with the National Content & Technology Cooperative (NCTC).Continued momentum in Amazon Prime Video Channels streaming bundles including AMC+ bundles with AcornTV, Discovery+, Starz and MGM+ in market in 2Q and the new launch of an Acorn TV and MGM+ bundled offering.Announced partnership with Runway to incorporate Runway’s AI models and tools in AMC Networks’ marketing and programming development processes.Inaugural “Murder Mystery May” programming event drove Acorn TV's biggest month ever, with record engagement, viewership and a multi-year high in subscriber acquisition.Renewed multiple series in The Walking Dead Universe franchise for new seasons including The Walking Dead: Dead City and The Walking Dead: Daryl Dixon.Theatrical debut of Clown in a Cornfield delivered the largest opening weekend and widest screen count in the Company's history. The popular title premieres on our Shudder streaming service today.Strengthened our balance sheet through a series of financing transactions in the second quarter and July. Extended debt maturity profile, reduced gross debt by approximately $400 million and capture...