AMC Networks, the company behind such cable channel brands as AMC, IFC and Sundance TV, as well as such streaming services as AMC+, Acorn TV and horror streamer Shudder, reported a 10 percent drop in fourth-quarter U.S. advertising revenue to $124.8 million on Thursday.

U.S. subscription revenue of $314.8 million was up slightly from a year-ago $314 million on higher streaming revenues offsetting the 13 percent fall in affiliate revenues to $138 million. Streaming revenue, which is driving growth at the company, rose 17 percent to $177 million on gains from sub price increases.

The company, led by CEO Kristin Dolan, saw its streaming subscriber numbers at the end of the fourth quarter stand at 10.4 million customers, which was unchanged from the streaming subscriber tally for the end of the third quarter of 2025 and the end of the fourth quarter in 2024.

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