The company presented its Q3 2024 financial results, with CEO Kristin Dolan highlighting its focus on programming, partnerships, and profitability, emphasizing progress in all three areas amid a shifting market environment.
Streaming revenues increased 9% to $150 million, driven by year-over-year subscriber growth and price increases. In addition, advertising revenues decreased 11% to $149 million due to linear ratings declines.
AMC Networks reported financial results for the second quarter, revealing that the group’s streaming revenues increased 13% to US$137 million, primarily driven by year-over-year streaming subscriber growth and 2022 price increases.
AMC Networks lost 300.000 subscribers across its streaming services during the first quarter of the year, falling from 11.8 million at the end of 2022 to 11.5 million.