Revenues at AMC Networks rose 3 p.c to $712.2 million, with the corporate ending Q1 with 9.5 million streaming subscribers.
“We proceed to advance our differentiated technique of providing streaming companies that enchantment to audiences with distinct affinities and passions, which is resulting in sturdy shopper loyalty and low churn,” stated Matt Clean, interim CEO. “2022 is the largest yr of unique programming in AMC Networks’ historical past and our content material continues to interrupt via, together with the latest last season premiere of Higher Name Saul, which drove report ranges of subscriber acquisition for AMC+. With our content material value benefits, our capability to super-serve audiences, and our clear path to profitability by advantage of our distinctive technique, we’re reaffirming our full yr 2022 monetary outlook and our goal of reaching 20 million to 25 million streaming subscribers in 2025, as we proceed to reconstitute our income combine and as we stay targeted on profitability.”
U.S. revenues on the firm have been up 6 p.c to $606 million, with distribution and different revenues up 8 p.c to $405 million, together with subscription revenues up 8 p.c and content material licensing up 9 p.c. Advert revenues have been steady, rising 1 p.c to $201 million. Worldwide revenues, in the meantime, have been down 9 p.c to $110 million, with distribution and different revenues down 12 p.c and advert revenues up 4 p.c. Internet revenue rose to $104.2 million.