Subscriptions for the company's core channel, AMC, dropped to 93.6 million as of December 31, compared with 95 million subscribers at the end of 2014, according to Nielsen data, the company said before today's market open.
Other channels the company owns, such as BBC America and IFC, also lost subscribers. BBC America subscribers fell to 77.1 million from 78.2 million in the same period, while IFC subscription declined to 71.2 million from 73.7 million.
AMC Networks, however, delivered better than expected earnings and revenue for the 2015 fourth quarter this morning.
The company posted earnings of $1.31 per share on revenue of $678.95 million for the three months ended December 31. Analysts had estimated earnings of $1.18 per share on revenue of $675.02 million.
So far today, 2.24 million shares of AMC Networks have been traded, compared with its average daily volume of 774,864 shares.
Separately, AMC Networks has a "buy" rating and a letter grade of B- at TheStreet Ratings because of the company's robust revenue growth, compelling growth in net income, good cash flow from operations, expanding profit margins and impressive record of earnings per share growth.
You can view the full analysis from the report here: AMCX
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.