AMC Networks ended its first quarter of 2022 with 9.5 million streaming subscribers. The new figure, revealed along with the rest of the company’s Q1 financial results on Thursday, is in line…
AMC Networks’ lineup of targeted streaming services includes AMC+, Acorn TV, Shudder, Sundance Now, ALLBLK and HIDIVE, newly acquired with the purchase of anime content distributor Sentai. Those digital offerings are in addition to the company’s linear channels AMC, BBC America , IFC, SundanceTV, WE tv and IFC Films.
AMC Networks’ Q1 domestic operations revenue increased 6% to $605 million. Distribution revenue was up 8%, with subscription revenue growing 8%, and content licensing sales increasing 9%. Ad sales were up 1% to $201 million, which reflected AMC Networks’ higher pricing and ad-supported streaming growth, which was partially offset by declining linear ratings.
The company saw an overall operating income of $174.7 million for the three months ended March 31, up 2.9% from the same quarter last year. With some adjustments, that income figure rose to $211 million, which is down 11.3% compared to the previous Q1’s comparable favorably-adjusted operating income.
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