CEO Josh Sapan: 'AMC Networks is now the worldwide leader in targeted streaming ... streaming is now the most significant growth area of our company.' Will the company raise its 2022 streaming subscriber target? Details:
The company, led by CEO Josh Sapan, reports its fourth-quarter results.
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. Read more: Hollywood Reporter »
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