AMC Networks ended 2020 with more than 6 million subscribers for its AMC Networks streaming services across recently launched AMC+, Acorn TV, Shudder, Sundance Now and ALLBLK– up 157% year-on-year.The company Friday reported fourth quarter earnings that beat Wall Street forecasts.
Revenue slipped 0.6% to $780.3 million and AMC swung to net income of $94.7 million, or $2.09 a share, from a loss of $8.6 million, or 15 cents a share, the year-ago before.The shares were up more than 5% in premarket trading.AMC Nets separately noted a gain of $76 million related to its shares of FuboTV, which it sold in multiple transactions in December and January — realizing total gross proceeds of $96 million in January.
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