While the cable TV continues to shrink, AMC Networks is still fighting. During the earnings report for the first quarter of 2025 reported on Friday, the company received a decrease between subscription revenues, content licensing and advertising, and all of which were depressed in linear TV business.
In general, domestic operations decreased by 7% from 2024 and was $ 486 million. This decreased to 54 million dollars of decreasing content licenses to 54 million, and this decreased by 15% to $ 119 million due to the decrease in linear ratings. The decline in content licensing was related to which programs could be licensed during the period. The first quarter of 2024 received support for the sale of amc’s “Eve killing” rights.
As for the subscription revenues, which also entered domestic operations, told a more interesting story. The category saw a 3% decrease due to decreases on Kablo TV. During the period, in the case of affiliate revenues, subscriber decreases and renewals, the contract rate decreased to $ 156 million due to the decrease in the contract rate to $ 156 million, but it had less impact. This was balanced with flow revenues increased by 8% due to a price increase in January.
In addition, AMC Networks, which started and progressed this quarter, changed the way of defining and reporting “flow subscribers”. The company will no longer add subscribers who have access to AMC’s flow services through a video package, including access to linear programming of the network. For example, although a regulation can technically access AMC+ through an agreement between the spectrum TV subscriber, Charter and AMC, this subscriber will not be considered as part of the company’s general subscriber base. For one of the services of AMC, subscribers who pay a fee directly to the consumer (DTC) through a proposal or a third -party platform or channel store such as Prime video channels will be counted.
Here are the main results of the quarter:
Revenues: 555.2 million dollars, 6.9% annually for the first quarter.
Net income that can be attributed to shareholders: 18 million dollars for the first quarter with a decrease of 60.6% annually.
Earning per share: $ 0.34 with an annual decrease of 67% for the first quarter.
Subscribers: 10.2 million consistent with the first quarter of 2024. However, a decrease of almost 2% compared to the 10.4 million subscribers reported by the company at the end of 2024.
More will come …
