AMC Networks' U.S. ad revenue drops 18%, but streaming subs hit 11.1M in Q3 return to growth, adds 100,000 subs, falls short of $637M revenue
AMC Networks' U.S. ad revenue dropped 18% in Q3, but the company saw a return to growth with 11.1 million streaming subscribers. The network added 100,000 streaming subscribers in Q3 following two straight quarters of decline. However, AMC Networks fell short of Q3 revenue expectations, reporting $637 million due to lower ad and affiliate revenue. Fubo, on the other hand, reached a high of 1.47 million paid subscribers in North America. The success of the latest 'Walking Dead' franchise helped save AMC+.
Sources
TheStreet
AMC+ was just saved by the success of latest 'Walking Dead' franchise https://t.co/uwIdDEJLTl
The Hollywood Reporter Fubo Hits High of 1.47M Paid Subscribers in North America https://t.co/x1kYsJYjr9
Deadline Hollywood AMC Networks Q3 Results Hit By Drops In Advertising And Affiliate Revenue https://t.co/uqBsdHgHXt
TheWrap AMC Networks Falls Short of Q3 Revenue Expectations With $637 Million Due to Lower Ad and Affiliate Revenue https://t.co/9K8MPLoBw4
Variety AMC Networks Adds 100,000 Streaming Subscribers in Q3 Following Two Straight Quarters of Decline https://t.co/KWBaExOZJ1
- The Hollywood Reporter
AMC Networks U.S. Ad Revenue Drops 18 Percent, Streaming Subs Hit 11.1M in Return to Growth https://t.co/kJrXalCS7o