'AMC+, our premium bundled offering, has quickly become our fastest-growing service, driven by expanding distribution and the strong, character-driven dramas that power it,' says the company led by CEO Josh Sapan.
Domestic advertising revenue increased 13 percent to $212 million “due to higher pricing and ad-supported streaming growth, partially offset by a reduction in the number of episodes of our original programming and lower ratings,” the company said.
Domestic subscription revenue rose 14 percent to $427 million, said the company behind the AMC, IFC and Sundance Channel networks, as well as niche streaming services like horror-centric Shudder. That included a “one-time beneficial impact of a distribution agreement renewal.” Excluding that, distribution revenue would have increased 10 percent.
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