What was AMC Networks' overall revenue in the fourth quarter?

AMC Networks' overall revenues for the fourth quarter totaled $595 million, a 1% decrease from the previous year.

How did AMC Networks' streaming segment perform?

The streaming segment was a key growth driver, with revenue rising 17% to $177 million due to subscription price increases.

Did AMC Networks' operating loss decrease?

Yes, AMC Networks significantly shrunk its operating loss to $50.8 million in the fourth quarter, compared to $254.2 million in the year-earlier period.

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AMC Networks: Streaming Fuels Results Amidst Declines

11 Feb

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Summary

Streaming revenue grew 17% to $177 million, becoming a key growth driver.
Overall revenues fell 1% to $595 million in the fourth quarter.
Operating loss shrunk significantly to $50.8 million from $254.2 million.

AMC Networks: Streaming Fuels Results Amidst Declines

AMC Networks experienced a 1% decrease in overall fourth-quarter revenues, totaling $595 million. Despite this slight decline compared to the previous year, the figure surpassed analyst forecasts. A key driver of financial performance was the company's streaming segment, which saw a 17% revenue increase to $177 million due to subscription price adjustments. This marks a significant shift as streaming is now the largest revenue source within AMC Networks' domestic operations.

While overall revenues dipped, AMC Networks successfully reduced its operating loss to $50.8 million for the fourth quarter, a substantial improvement from the $254.2 million loss recorded in the same period last year. U.S. advertising revenue fell 10% to $124.8 million, and U.S. affiliate revenues decreased by 13%. The company's total streaming subscribers remained stable at 10.4 million at the end of the fourth quarter.

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