AMC Networks Sheds 500,000 Streaming Subscribers in Q2, U.S. Ad Sales Down 17%
to 11.5 million by March 31. In Q2, that decline continued with streaming subs down to 11 million at the end of June, per AMC Networks’ Friday earnings results.
The company previously forecast that by the end of this year, it would make it halfway to its larger goal of having 20-25 million streaming subs in 2025. Wall Street forecast earnings per share of $1.60 on $706.5 million in revenue, according to analyst consensus data provided by Refinitiv. AMC Networks reported adjusted EPS of $2.02 on $679 million in revenue.
Dolan’s appointment as CEO came in February, following the November exit of Christina Spade, formerly AMC Networks CFO, who stepped down after a brief stint at the top upon the exit of interim CEO Matt Blank.
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