AMC Networks Ends Q2 With 10.8 Million Streaming Subscribers
thewrap.comAMC Networks Inc. reached 10.8 million subscribers, the company reported Friday in its second-quarter earnings report. The company increased its subscriber base by 1.3 million from Q1, a 46% year-over-year increase driven partly by the AMC+ premium streaming bundle launch in Spain.
Reported global subscription revenues grew by 20% thanks to the subscriber growth and contractual affiliate rate increases, though it was partially offset by a decline in linear customers.
AMC Networks touted additional growth due to the launch of AMC+ on Amazon Prime Video Channels in India this past quarter. AMC Networks counts AMC+, Acorn TV, Shudder, Sundance Now and ALLBLK among its direct-to-consumer portfolio.
Overall, the company report Q2 net revenues of $738 million and a diluted earnings per share (EPS) of $1.91 (adjusted EPS was $2.06).
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