AMC Networks Reports 10.2 Million Streaming Subscribers, Changes to Sub Counts

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AMC Networks recently announced a decrease in net revenue to approximately $555 million, which is lower than the previous year’s figure of $596 million. Their operating income also saw a significant drop from $110 million to $63 million. The reported earnings per share were 54 cents, falling short of analyst predictions.

The income from subscriptions dropped by 3%, amounting to $313 million, mainly because of a decrease in the number of users on linear services. On the other hand, streaming revenues grew by 8% to reach $157 million, largely as a result of price hikes.

Or:

The drop in subscription income to $313 million (a 3% decline) was due to fewer users on linear services. Meanwhile, streaming income climbed by 8%, reaching $157 million, primarily because of price increases.

From now on, starting this quarter, our company will be modifying the methodology for reporting streaming subscribers. The updated count will exclusively reflect those users who are paying for one of our services directly, rather than including individuals who gain access to our streaming platforms through a video package that includes linear programming, such as Spectrum TV customers receiving AMC+ for free due to having AMC in their Spectrum video bundle, which became available at the end of March.

I’ve got to admit, there was a bit of an adjustment made to the subscription numbers we previously announced. With that said, during the first quarter, we reported having approximately 10.2 million streaming subscribers, which is exactly the same as what we had a year ago. This number dips slightly compared to the revised 10.4 million from Q4 2024.

Our commitment to better quality subscribers is evident in the gradual reduction we’ve seen, achieved by enforcing stricter credit requirements for new sign-ups across all channels, as well as adjusting our content schedule and marketing strategies for subscriber acquisition,” the company stated in their press release.

Our core strengths are being utilized effectively as we adapt to the evolving landscape of media. In the first quarter, we provided top-tier programming to our viewers, debuted ad-supported AMC+ on Charter, and produced $94 million in free cash flow. We’re staying agile and proactive in sharing our popular content across various platforms to create value for our partners, viewers, and investors. This is according to CEO Kristin Dolan.

More to come.

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2025-05-09 14:54