Revenues are up, and expenses are down, but the Academy of Motion Picture Arts & Sciences has more work to do.
The film academy, the non-profit best known for the Academy Awards, is on sound financial footing, its fiscal 2025 financial statements show, though CEO Bill Kramer tells The Hollywood Reporter that the organization is still in the midst of a transformation that will help it diversify its balance sheet beyond the annual Oscars broadcast.
“It is vital that we continue to assess our budgets and build internal systems and teams that allow us to respond to the needs of our organization, our membership and our film community,” Kramer says. “As the film industry and the non-profit arts sector both experience monumental changes to their business models, it is so important that we continue to diversify revenue streams and control expenses to allow for a sustainable and impactful future.”
The film academy had total revenues of $269.2 million, up from $263.1 million in fiscal 2024, with expenses of $208.1 million, down from $220.1 million a year ago.
Academy Awards and related activities revenues continue to make up the lions share of AMPAS revenue, generating $150.5 million in 2025, up from $146.6 million in 2024. It’s worth noting that Oscars revenue is not only connected to the license fee that Disney pays the Academy for U.S. and global TV rights, but also ticket sales and sponsorships for the Oscars and Governors Awards, the Academy screening room and other elements.
This year’s Academy Awards broadcast, hosted by Conan O’Brien, hit five-year ratings highs as film fans flocked to the show (which also streamed online for the first time via Hulu).
The Academy had investment returns of $74 million, and net assets of $988 million, up from $921 million a year ago, with liabilities of $461 million, down from $475, million, as it paid down debt and reduced expenses.
AMPAS disclosed the financials in a filing with the Municipal Securities Rulemaking Board Friday. Its fiscal year ended June 30, 2025.
The Academy Museum of Motion Pictures, meanwhile, saw its earned revenues decline for the second straight year, though like almost all Los Angeles institutions it was significantly impacted by the wildfires early this year. A source familiar with the matter said that attendance was up 30 percent in fiscal 2025, with the Academy opening itself up with free admissions, screenings and programs in the wake of the fires.
Academy Museum earned revenues were $14.9 million, down from $15.3 million in fiscal 2024.
“It’s important to keep in mind that the Academy is a non-profit organization, and our Academy Museum is part of our public service work — just like our library and archive and collection,” said Amy Homma, director and president of the Academy Museum of Motion Pictures. “A big way we define success for the museum is impact — in relation to our mission and how we are serving the public. The Academy Museum’s goal has always been to create a place for people to gather, learn and celebrate cinema with access to the most incredible filmmakers in the world. We truly offer opportunities for everyone – students, families, cinephiles, and film fans – and I am so proud that at a time when our city was hurting so badly, during and after the LA fires, we could be a refuge and a safe space.”
As Homma notes, both the Academy Museum and AMPAS are non-profits, so their financial motives are different than a for-profit company focused on P&L and returning capital to shareholders (though AMPAS, like any non-profit, wants to be on as sound financial footing as possible, as Kramer indicated).
But as the financial statements indicate, the Film Academy is on sound financial footing as it prepares to figure out what the long-term future holds for the Academy Awards, with TV and streaming rights set to end in 2028.