AMC Networks ended the fourth quarter of last year, and 2025 in general, with 10.4 million streaming subscribers. Unfortunately for AMC, this means the subscriber bases for the company’s various streaming services haven’t really increased.
Key Takeaways
- AMC’s streaming growth remained the same for the last three quarters of 2025, holding steady at 10.4 million subscribers.
- Despite the flat user base, streaming revenue grew 14% in Q4, primarily fueled by prior price increases rather than new sign-ups.
- AMC Networks has also now increased the price of AMC+, with subscriptions now starting at $8 a month.
Considering AMC Networks ended the third quarter of 2025 with 10.4 million streaming subscribers, the company saw no subscriber growth during the most recent quarter.
What’s more, the 10.4 million reported for Q3 was exactly the same as it was for the end of Q2. Essentially, the company has seen no subscriber growth in the past six months.
In fact, if you look back to the same quarter of last year (Q4 2024), there was also no meaningful change in subscribers on a year-over-year basis.
Although AMC Networks reported 12.4 million streaming subscribers for the fourth quarter, the company did make a change later in 2025 to its subscriber definition.
When taking this definition change into account, the revised number of streaming subscribers for the fourth quarter of last year stood at 10.4 million. The same as it was in the second, third, and fourth quarters of 2025.
While no change to the number of subscribers, the company has seen an increase in streaming revenues, thanks to prior price increases.
For example, AMC Networks saw its streaming revenues increase 14% to $177 million in the fourth quarter of 2025, and this further helped streaming revenues for the year as a whole to increase 12% to $677 million.
It also looks like price increases will continue to help increase revenue this year as well, as AMC Networks has now made another change to the cost of its main streaming service, AMC+.
The change took effect yesterday for new subscribers and rolls out for existing new subscribers next month, increasing the minimum price to $8 a month.
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