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AMC Networks’ U.S. Ad Sales Fall 23% in Final Quarter of 2023 as Streaming Subs Inch Up
AMC Networks reported its fourth-quarter 2023 earnings Friday, revealing its streaming subscribers had increased by 1% and its U.S. ad sales were down by 23%.
Wall Street forecast earnings per share (EPS) of 89 cents on $676 million in revenue, according to analyst consensus data provided by LSEG, formerly Refinitiv. “In the fourth quarter and across 2023, we continued to see success in the areas that will drive this company forward – programming, partnerships and profitability,” AMC Networks CEO Kristin Dolan said in a letter to shareholders. Nearly a year since joining AMC Networks as CEO, I am proud of the progress we have made in a fast-changing environment, and the new and innovative ways we are engaging with viewers and our commercial and creative partners.”
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