AMC Networks reported a 7 percent U.S. advertising revenue drop for the first quarter on Friday, saying that was “due to shifts in the timing of the airing of original programming and lower d…
AMC Networks reported a 7 percent U.S. advertising revenue drop for the first quarter on Friday, saying that was “due to shifts in the timing of the airing of original
programming and lower delivery, partially offset by higher pricing and ad-supported streaming growth.” U.S. subscription revenue increased 14%, “driven by robust growth in streaming revenues, attributable to increased paid streaming subscribers, partially offset by a low-single digit decrease in affiliate revenue, attributable to subscriber universe declines.”and we are on course to meet our 2021 financial and streaming targets, including reaching at least 9 million paid subscribers by year end.
He added: “The support of our distribution partners for our streaming efforts and our advanced advertising strides are providing us with both stability and momentum. We believe the high viewer engagement, efficient economic model, and pricing power of our streaming offerings provide us with important strategic advantages which, when coupled with our valuable linear channel offerings, will fuel our growth and continue to position us very well over the near and long term.”
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