AMC Networks reports Q4 domestic operations revenues down 11% year-over-year

Domestic Operations’ revenues decreased 11% from the prior year to $520M. Subscription revenues decreased 4% to $314M due to declines in the linear subscriber universe, partially offset by streaming revenue growth. Streaming revenues increased 8% to $156M driven by year-over-year subscriber growth and price increases. Affiliate revenues declined 13%, primarily due to basic subscriber declines and to a lesser extent, contractual rate decreases in connection with renewals. Content licensing revenues decreased 30% to $67M due to availability of deliveries in the period. Advertising revenues decreased 12% to $139M due to linear ratings declines and a challenging entertainment advertising marketplace, partially offset by digital and advanced advertising revenue growth. International revenues decreased 14% from the prior year to $86M. The prior period included $23M of content licensing and other revenues related to 25/7 Media. Additionally, current period advertising revenue included $7M of revenue related to a one-time retroactive adjustment reported by a third party. Excluding revenues related to 25/7 Media and the one-time retroactive adjustment, International revenues increased 2%. Subscription revenues decreased 5% to $48M, primarily due to unfavorable foreign exchange rates. Content licensing and other revenues decreased 85% to $4M due to the sale of our interest in 25/7 Media in December 2023. Advertising revenues increased 43% to $34M, primarily due to a one-time retroactive adjustment in the U.K., strong performance on ITVX in the U.K. and increased ratings and growth across Central and Northern European advertising markets. Excluding the one-time retroactive adjustment, advertising revenues increased 12%.