In Q1 2024, AMC Networks experienced a 16.9% revenue drop to $596.46M and a 55.7% decline in adjusted EPS to $1.
AMC Networks reported a 16.9% drop in revenue to $596.46M and a 55.7% decline in adjusted EPS to $1.16 in Q1 2024. This was due to basic subscriber declines, lower advertising revenues (down 13% to $140M), and content licensing revenues that fell 40% to $62M. Despite these setbacks, streaming subscribers increased by 2% to 11.5 million across AMC+ and its other offerings.
May 10, 2024
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