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AMC revenue dips as streaming growth offsets linear declines during Q2
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Operating income dropped 75.4 percent to $15.9 million, while adjusted operating income declined 57.9 percent to $46.1 million.
On an adjusted basis, AMC Global Media lost 28 cents per share.
Streaming accounted for more than one-third of domestic revenue, though AMC Global Media did not disclose subscriber totals.
AMC Global Media continues to work with pay television providers to bundle included access to AMC Plus with its traditional cable networks.
AMC Global Media also announced a global co-exclusive licensing deal with Netflix for all seven series and 371 episodes in “The Walking Dead” universe.