AMC Networks Reports 2024 Revenue Decline and Increased Streaming Subscribers

The company faced a 10% drop in annual revenue, driven by declines in linear TV and content licensing, while streaming subscribers grew by 8.8%.

AMC Networks' total revenue for 2024 fell by 10% to $2.4 billion, with linear TV and content licensing revenues experiencing significant declines.
Streaming subscribers increased to 12.4 million by the end of 2024, an 8.8% rise from the previous year, supported by price increases and subscriber growth.
The company reported a $399.5 million impairment charge, including a $268.7 million goodwill charge tied to its domestic cable operations, reflecting industry-wide challenges in linear TV markets.
Advertising revenue dropped 11% to $561 million in 2024 due to lower linear ratings, partially offset by growth in digital and advanced advertising.
AMC Networks projects cumulative free cash flow of $550 million by the end of 2025, emphasizing streaming growth and innovative partnerships as key strategic priorities.