AMC Networks Misses Revenue Expectations, Reports Loss

AMC Networks reported a 12% decline in fourth-quarter revenue to $599 million, falling short of analysts' expectations of $611 million, and also posted a significant loss of $284.5 million. The company's challenges are attributed to a $268.7 million goodwill impairment charge for its U.S. operations, a $102 million charge for its international division, and other restructuring costs. Subscription revenue fell 4% due to declines in linear subscribers, though streaming revenue grew 8% and streaming subscribers increased to 12.4 million. Despite the setbacks, AMC Networks achieved its full-year guidance and projects increased free cash flow in the coming years. The company cites a challenging advertising environment and declines in linear ratings as factors impacting financial performance.