AMC Networks Reaches More Than 9 Million Paid Streaming Subscribers by End of 2021

variety.com:

Jennifer Maas TV Business WriterAMC Networks reported its fourth-quarter 2021 earnings Wednesday, revealing it had reached more than 9 million paid streaming subscribers by the end of 2021.

The company also beat Wall Street’s expectations for both its Q4 revenue and profit.AMC Networks previously said it expected to have 9 million streaming subscribers by the end of 2021, and forecast between 20 million to 25 million paid subscribers across its streaming services by 2025.

The company has now hit (and exceeded) that first benchmark and says it’s pacing to achieve the long-term target as well.That streaming sub tally may seem small compared to AMC Networks’ major streaming competition, like Netflix Disney Plus, HBO Max and Paramount Plus, but it puts it right in line with the 9 million paid customers that NBCUniversal’s streamer Peacock reported it ended 2021 with. Click here to sign up for Variety‘s free Strictly Business newsletter covering earnings, financial and investment news, and more.AMC Networks’ lineup of targeted streaming services includes AMC Plus, Acorn TV, Shudder, Sundance Now, ALLBLK and the newly acquired HIDIVE.

Those digital offerings are in addition to the company’s linear channels AMC, BBC America (a joint venture with BBC Studios), IFC, SundanceTV, WE tv and IFC Films.On Wednesday, AMC Networks reported adjusted diluted EPS of 54 cents on $803.71 million in revenue.