Overview
- AMC Global Media reported first-quarter streaming revenue up 11% to $174 million, driven mainly by recent price increases across its services.
- Streaming subscribers fell 1% year over year to 10.1 million, and ad-supported AMC+ hard-bundle deals rose 200% to 1.8 million that the company counts on top of subscribers.
- Earnings landed at 8 cents per share on $542 million in revenue, missing LSEG’s 21-cent EPS estimate and equaling a 43-cent loss without favorable one-time adjustments.
- International sales declined 3% to $72 million, and small reported gains in subscription and ad revenue turned into 5% drops once exchange-rate effects were removed.
- CEO Kristin Dolan reaffirmed the company’s outlook and a studio-led plan built on owning its shows and films and pushing them across many platforms to keep free cash flow strong.