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AMC Networks Closed 2023 With 11.4 Million Streaming Subscribers

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AMC Networks closed out 2023 with 11.4 million streaming subscribers. While the latest subscriber number results in an increase on the previous quarter, it does represent a decrease compared to the start of the year.

Determining exactly how many subscribers AMC Networks lost or gained over the past 12 months is not easy, considering the company made a change to its subscriber definition earlier in the year. However, AMC Networks did report 11.8 million subscribers at the end of 2022.

If taking that number at face value, the 11.4 million reported for the fourth quarter of 2023, and 2023 as a whole, resulted in a decrease of 400,000 subscribers. When looking at the quarterly change, AMC reported 11.1 million streaming subscribers at the end of the third quarter of 2023, resulting in an increase of 300,000 over the last three months of the year.

AMC doesn’t tend to provide individual subscriber details for different services so it remains to be seen how many were subscribed to any particular service, including both AMC+ and Shudder, at the end of the year.

AMC also reported streaming revenues of $566 million, up from the $502 million reported at the end of 2022.

Earlier in 2023, AMC increased the price of its Shudder streaming service to $6.99 a month, up from $5.99. The company also introduced a new ad-supported tier for its AMC+ streaming service, priced at $4.99 a month. Both of these changes are likely to have helped increase revenue in the second half of the year.

John Finn

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