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AMC Networks Loses Ground In Q1: Advertising, Streaming Levels Slip As Results Miss Wall Street Forecasts
AMC Networks reported downbeat first-quarter results, missing Wall Street forecasts and blaming "continued revenue headwinds in our linear business."
'AMC AMC Networks reported declines across the company in the first quarter, citing “continued revenue headwinds in our linear business” as results fell short of Wall Street expectations. AMC Networks CEO Kristin Dolan last month expressed a clear preference for wholesaling the company’s niche streaming outlets (including AMC+, Acorn TV and Shudder) rather than selling them directly to consumers. The company attributed the drop to “the availability of deliveries in the period,” noting tough comparisons with the first quarter of 2024, when there was a boost from the sale of rights to Killing Eve.
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