Filing Flows › AMC Global Media (AMCX) › Q3 2025
AMC Global Media (AMCX) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
AMC Global Media (AMCX) reported revenue of $562M for the third quarter 2025 (Q3 2025), -6% from a year earlier and -6% from the quarter before. Operating margin was 9.9%, net earnings $76.5M (13.6% of revenue).
AMC Global Media, Q3 2025: revenue $562M (-6% year over year), operating margin 9.9%, net earnings $76.5M, operating cash flow $44.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $562M | -6% | -6% |
| Operating profit | $55.5M | -14% | -41% |
| Net earnings | $76.5M | +52% | +85% |
| Operating cash flow | $44.8M | -56% | -28% |
| Free cash flow | $42.0M | — | -22% |
What changed
Revenue was $561.7M in Q3 2025, down 6% year over year and down 6% from the previous quarter. Subscription was the largest line at 65% of revenue. Advertising lost $19.7M year over year (down 13%), 52% of the total change.
Operating profit was $55.5M, a 9.9% margin (down 5.7 points year over year). Total costs grew 0% against a revenue fall of 6%. Net earnings were $76.5M, up 85% year over year. The effective tax rate was 34.8%. Non-operating items added $67.3M, 55% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $44.8M (down 28% year over year), 56% of net income including minority interests. Non-cash charges added back $21.4M of depreciation and amortization and $6.0M of share-based compensation. Working capital and other items used $62.7M. After capital expenditures ($2.8M), free cash flow as the company reports it was $42.0M.
Questions
What was AMC Global Media's revenue in the third quarter 2025?
AMC Global Media (AMCX) reported revenue of $562M for the third quarter 2025 (Q3 2025), -6% from a year earlier and -6% from the quarter before.
Was AMC Global Media profitable in the third quarter 2025?
Operating profit was $55.5M (9.9% of revenue) and net earnings $76.5M.
Source: AMC Global Media 10-Q on SEC EDGAR.