with more than 4 million, and around 5-5.5 million subscribers when including AMC+, which features the best of AMC, BBC America, IFC, and SundanceTV, plus more.
That meant the company was reaching the lower end of its 2022 guidance of 5 million-7 million streaming subs,"implying an upgrade is coming," according to Nollen. U.S. advertising revenue in the fourth quarter decreased 5.5 percent to $237 million."The decrease in advertising revenues was primarily related to shifts in the timing of original programming as a result of production delays caused by the pandemic, resulting in lower inventory, partially offset by CPM increases driven by healthy scatter pricing," the company said.
AMC's fourth-quarter earnings conference call will be the first for new CFO Christina Spade, who previously served as CFO for ViacomCBS. Nollen recently downgrade his rating on AMC from"buy" to"neutral," but raised his price target from $40 to $45."We upgraded AMC in August ... and last published on it in December when the stock was $32, raising our target price to $40," he explained."Since then, AMC has risen 51 percent versus the S&P 500's 1 percent.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AMC Networks Tops 6M Streaming Subs, Targets up to 25M by 2025AMC Networks CEO Josh Sapan touts an upcoming 'bonanza' for fans of the 'Walking Dead' franchise and 'new harmony' with pay TV distributors. But when will 'Better Call Saul' and 'Killing Eve' return? More: I went from loving/watching TWD and TalkingDead, to not watching at all. Don't recall why. How's the show been?
Source: THR - 🏆 411. / 53 Read more »
AMC Networks Swings to Q4 Profit on Streaming GainsAMC Networks said it swung to a profit in the fourth quarter despite a decline in revenue as it narrowed losses in its international and other operations due to an increase in revenue from streamin…
Source: Variety - 🏆 108. / 63 Read more »
AMC Networks Had Over 6 Million Streaming Subs In Q4; Earnings Beat Street; Stock PopsAMC Networks ended 2020 with more than 6 million subscribers for its AMC Networks streaming services across recently launched AMC+, Acorn TV, Shudder, Sundance Now and ALLBLK– up 157% year-on…
Source: DEADLINE - 🏆 109. / 63 Read more »
AMC Networks & Alliance Of Women Directors Team For “High-Octane” Directing Master Class SeriesAMC Networks and Alliance of Women Directors have partnered to launch High-Octane Episodic Directing Series, a program of five master classes centered on directing actions and thriller content in s… Proud 🥰
Source: DEADLINE - 🏆 109. / 63 Read more »
Lena Headey to Star in Zak Penn’s Spectrum-AMC Networks Sci-Fi Series ‘Beacon 23’Lena Headey will star in and executive produce the Spectrum-AMC Networks series “Beacon 23,” which hails from Zak Penn, Variety has learned. The series is described as a sci-fi psycholo… Lena Headey? 'Sci-fi psychological thriller'? I'm listening... intrigued to see how this exists in the book's world. 23 pieces of bacon? Awesome.
Source: Variety - 🏆 108. / 63 Read more »