AMC Networks Loses 300,000 Streaming Subscribes in Q1 as U.S. Ad Sales Fall 20%
variety.comJennifer Maas TV Business Writer AMC Networks lost 300,000 subscribers across its streaming services in Q1, falling from 11.8 million at the end of 2022 to 11.5 million by March 31, the company reported in its earnings results Tuesday.
This drop in subs follows a slight increase of 700,000 paid streaming customers between Q3 and Q4 of last year. AMC Networks’ streaming platforms includes AMC+, Acorn TV, Shudder, Sundance Now, ALLBLK and HIDIVE.
Those digital offerings are in addition to the company’s linear channels AMC, BBC America (a joint venture with BBC Studios), IFC, SundanceTV, WE tv and IFC Films. Click here to sign up for Variety’s free Strictly Business newsletter covering earnings, financial news and more. Elsewhere, AMC Networks’ U.S.
ad sales fell 20% in the first quarter, but the media company still beat estimates for the quarter, in terms of both revenue and earnings expectations.
Read more on variety.com
