Overview

• AMC Networks' Q1 2025 revenue fell 7% year-over-year to $555.2 million, missing the $567 million Wall Street forecast.
• Streaming subscribers were recalculated to 10.2 million under a new methodology, down from 10.4 million in the previous quarter.
• Advertising revenue dropped 15% to $119 million, while affiliate fees fell 12% to $156 million due to cable ratings declines and subscriber losses.
• Streaming revenue grew 8% to $157 million, driven by a January price increase for AMC+.
• International revenue decreased 7% to $70 million, with subscription sales declining 12% despite a 5% rise in ad sales.