Business
AMC Networks Inc. Reports First Quarter 2025 Results
NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) -- AMC Networks Inc. ("AMC Networks" or the "Company") (NASDAQ: AMCX) today reported financial results for the first
About this update from Amc Global Media Inc.
[{"type":"text","content":"NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) -- AMC Networks Inc. (\"AMC Networks\" or the \"Company\") (NASDAQ: AMCX) today reported financial results for the first quarter ended March 31, 2025. Chief Executive Officer Kristin Dolan said: \"We continue to execute on our core strengths as we navigate the changing world of media. During the first quarter we delivered high-quality premium programming to our audiences, launched ad-supported AMC+ on Charter and generated $94 million of free cash flow.(1) We remain nimble and opportunistic in broadly distributing our sought-after content across all available platforms to build value for our partners, viewers and shareholders.\" Operational Highlights: Launched ad-supported AMC+ availability for Spectrum TV Select customers at the end of March as part of our early, multi-year renewal with Charter announced last September.Continued expansion of our growing FAST channels business with upcoming launch of new FAST channel, Acorn TV Mysteries.Dark Winds returned for its third season with approximately 2.2 million premiere night viewers and a significant increase in AMC+ direct-to-consumer acquisition activity over the previous season. The series, which continues to receive near universal critical acclaim, has been renewed for a fourth season.Continued strong momentum across the Anne Rice Immortal Universe, with the upcoming launch of new series: Anne Rice’s Talamasca: The Secret Order, debuting this fall and renewal of Anne Rice's Mayfair Witches for a third season.Announced development of a new AMC Studios franchise, Great American Stories, built on iconic American stories. Each season will be devoted to a different celebrated work, historical moment, or individual narrative celebrating the American spirit, starting with The Grapes of Wrath.Greenlit Allie & Andi, a new Acorn TV crime drama, with Brooke Shields starring and executive producing.As the Company continues to dominate the horror space, it is offering advertisers unparalleled access to a loyal and engaged fan base through new opportunities including the upcoming ad-supported launch of Shudder; Shudder’s 10-year anniversary this year; and a multi-platform partnership with Sphere this fall across FearFest, Shudder and Sphere’s annual “Sphere of Fear” Exosphere show. Financial Highlights – First Quarter Ended March 31, 2025: Net cash pr...