AMC Networks Reports Mixed Q4 Results Amid Streaming Growth and Revenue Decline
Despite a 30% drop in total revenue and a 23% decrease in U.S. ad sales, AMC Networks sees a slight increase in streaming subscribers.
- AMC Networks' fourth-quarter revenue fell by 30% to $679 million, with a significant drop in advertising sales.
- The company's streaming revenue grew by 4%, reaching $145 million, as subscriber numbers rose to 11.4 million.
- Content licensing revenues plummeted by 68%, while subscription revenues declined by 8%.
- AMC Networks reported a narrower operating loss and a decrease in free cash flow compared to the previous year.
- CEO Kristen Dolan emphasizes the company's progress in programming, partnerships, and profitability, despite market challenges.
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TheWrap 
Variety 
