AMC Networks reported declines across the company in the first quarter, citing “continued revenue headwinds in our linear business” as results fell short of Wall Street expectations.
Total revenue fell 7% from the year-ago period, settling at $555.2 million, while adjusted earnings per share came in at 52 cents, less than half the amount in the 2024 quarter.
The company’s overall streaming subscriber count was 10.2 million at the end of the quarter, flat from the same period a year ago and down slightly from the 10.4 million in the previous quarter. AMC Networks has changed the way it tabulates streaming subscribers, opting not to include subscribers who come in via pay-TV or broadband bundles, like the Charter Spectrum agreement that took effect in March.
AMC Networks said its streaming revamp, and the resulting downturn in subscribers, reflects an ongoing focus on higher-quality customers. Retention and
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