For most cable networks, 2015 has not been a fun year. Ratings and revenues are both seriously down, and whether the industry will survive as we know it is in question. On Thursday, News Corp. revealed that its third-quarter revenues were down 11%, the third quarter in a row the conglomerate saw revenues drop (although Disney’s revenues were up for its fiscal fourth quarter, troubles at ESPN notwithstanding).

But this sad story is not the case for AMC, home of some of TV’s biggest and most critically acclaimed hits: The Walking Dead, Fear the Walking Dead and Better Call Saul. The company also acquired BBC America this year, so it also gets to count Dr. Who as one of its own.

Revenue at AMC Network was up almost 22% in the third quarter, climbing to $632 million, while net income increased 37% to $72.8 million from $53.2 million last year at this time.

That good news didn’t mean that AMC Networks CEO Josh Sapan didn’t have some defending to do. Ratings at juggernaut have been dropping week after week this season, but Sapan pointed out that the show has been facing incredibly steep competition on Sunday nights, including the massive viewership NFL football pulls in as well as the highest-rated World Series since 2009.

Sapan also seemed to be taking a steady-as-she-goes approach to sales to subscription video on demand (SVOD) providers, such as Amazon and Netflix. AMC licenses its shows to SVOD providers, typically Netflix, one year after they air on the linear network. Sapan called that approach “right against a backdrop that was emerging and unknowable. Our view today is that our approach was a measured one and an appropriate one,” reported Deadline.

Brief Take: It’s all about the hits. The industry keeps changing, but that one immutable fact never does and never will.

Read more: Market Watch, Variety, Deadline

Image of Fear the Walking Dead courtesy of AMC Networks

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