AMC Networks Streaming Subscribers Dip to 10.2 Million
AMC Networks recently released its first-quarter 2025 earnings report, which included a new method for counting its total subscribers across its various streaming services such as AMC+ and Shudder. The company made changes to its subscriber definition, now only including subscribers who register directly through their DTC applications or streaming platform arrangements, excluding those who access the services through a video package from distributors.
With this new approach, AMC Networks reported a total of 10.2 million subscribers by the end of March, a decrease of 10.4 million from the previous year. Despite the decline in subscriber count, streaming revenues saw an 8% increase to $157 million for the quarter, attributed to price increases on their streaming platforms.
On the other hand, U.S. ad sales for AMC Networks decreased by 15% to $119 million due to declining cable ratings. Analysts had forecasted earnings per share of 81 cents on $567 million in revenue, but the company reported adjusted EPS of 52 cents on $555 million in revenue.
AMC Networks CEO Kristin Dolan expressed confidence in the company’s ability to navigate the evolving media landscape, highlighting the delivery of high-quality premium programming, the successful launch of ad-supported AMC+ on Charter, and the generation of $94 million in free cash flow during the first quarter. Dolan emphasized the company’s agility in distributing sought-after content across various platforms to create value for partners, viewers, and shareholders.
As AMC Networks continues to adapt to the changing media landscape and focus on delivering premium content to its audiences, shareholders can expect further updates on the company’s performance and strategies in the upcoming quarters. Stay tuned for more developments from AMC Networks.
