Property and Equipment

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Property and equipment (including equipment under finance leases) consists of the following:


(In thousands)	December 31,				Estimated Useful Lives
	2025		2024
Program, service and test equipment	$	323,527	$	371,994	2 to 5 years
Satellite equipment	46,885		43,340		Term of lease
Furniture and fixtures	11,101		11,639		3 to 8 years
Transmission equipment	11,387		29,750		5 years

Leasehold improvements	133,069		144,709		Term of lease
Property and equipment	525,969		601,432
Accumulated depreciation and amortization	(409,991)		(458,396)
Property and equipment, net	$	115,978	$	143,036

Depreciation and amortization expenses on property and equipment (including equipment under finance leases) amounted to $63.5 million, $64.1 million and $66.9 million, for the years ended December 31, 2025, 2024 and 2023, respectively.

At December 31, 2025 and 2024, the gross amount of equipment and related accumulated amortization recorded under finance leases were as follows:


(In thousands)	December 31,
	2025		2024
Satellite equipment	$	46,885	$	43,340
Less accumulated amortization	(34,407)		(31,645)
	$	12,478	$	11,695

AMC Networks Inc. 10-K