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AMC Global Media (AMCX) investor relations material
AMC Global Media Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue rose 0.8% to $566.1M, led by content licensing and streaming; domestic affiliate and advertising trends improved sequentially and YoY.
Adjusted operating income was $70.4M, down 25.4%; reported operating loss was $41.6M, including an $85M legal-settlement charge.
Streaming engagement strengthened: excluding ALLBLK, average hours per active user rose sequentially and YoY, and total hours watched increased double digits sequentially.
Strategy emphasizes targeted streaming, studio production and monetizing content across owned services and third-party platforms.
Financial highlights
Q3 net loss attributable to stockholders was $47.4M; diluted EPS was $(1.13), versus $1.38 YoY, while adjusted EPS was $0.44 versus $0.18.
Q3 operating cash use was $41.8M and FCF was $(52.4)M; excluding the $85M settlement payment, FCF was $33M.
9M revenue declined 3.6% to $1.656B; adjusted operating income was $185.5M versus $308.3M, and adjusted EPS was $0.33 versus $1.39.
9M basic and diluted EPS were both $(2.06), versus $3.25 basic and $2.63 diluted YoY.
Outlook and guidance
FY 2026 revenue guidance remains $2.4B-$2.45B and adjusted operating income guidance $410M-$420M, unchanged despite the ALLBLK divestiture.
FY 2026 FCF outlook remains ~$150M, including the after-tax impact of the $85M settlement payment.
FY domestic content licensing revenue is expected at $460M-$485M, with most recognized in Q4; licensing revenue is expected to rise YoY as additional Walking Dead Universe rights begin.
Netflix will pay $500M in quarterly installments over five years; expected 2026 receipts are ~$25M, with estimated revenue recognition of ~$450M on a present-value basis.
- Q2 revenue fell 9%, but a $500M Netflix deal and renewed distribution agreements support improved outlook.AMCX
Q2 2026 - All proposals passed, including director elections and auditor ratification, with no stockholder questions.AMCX
AGM 2026 - Double-digit streaming growth and strong cash flow offset legacy declines in Q1 2026.AMCX
Q1 2026 - 2025 saw record streaming growth, strong cash flow, and key governance and compensation votes ahead.AMCX
Proxy filing - Shareholders will vote on directors, auditor ratification, executive pay, and stock plan approval.AMCX
Proxy filing - Streaming now leads revenue, with strong cash flow and stable subscribers amid industry shifts.AMCX
Q4 2025 - Q2 revenue fell 8% as impairments hit results, but streaming and free cash flow surged.AMCX
Q2 2024 - Streaming growth and $94M free cash flow offset sharp declines in linear revenue and profit.AMCX
Q1 2025 - 2024 met guidance with $331M free cash flow, streaming growth offsetting linear declines.AMCX
Q4 2024
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Next AMC Global Media earnings date
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Frequently asked questions
American Movie Classics
AMC Networks Inc. is an American entertainment company specializing in the production and distribution of television content. It is known for operating several cable channels, including its flagship channel AMC, and several other channels. The company also manages a portfolio of streaming services. AMC Networks' business strategy involves creating and delivering high-quality, original content across multiple platforms, catering to a diverse audience with a mix of genres, including drama, comedy, and reality programming. The company is headquartered in NYC, and its shares are listed on the Nasdaq.
Rainbow Media Holdings
AMC Networks was founded as Rainbow Media Holdings, a subsidiary of Cablevision. Initially, the focus was on niche cable channels, with AMC (American Movie Classics) debuting in 1984, showcasing classic movies. Over time, the company expanded its portfolio, introducing a line of cable TV channels, each targeting specific audience segments.
In 2011, Rainbow Media was spun off from Cablevision and rebranded as AMC Networks. This period signified a major shift in strategy, with AMC pivoting from classic movies to original programming. This shift propelled AMC Networks into a notable content creator, significantly impacting the television landscape with its critically acclaimed series. It’s also worth mentioning that the company has nothing to do with AMC Entertainment, and the similarities in names are purely a coincidence.
Original Content
AMC Networks, as previously mentioned, helps create and distribute original content. The company is renowned for its high-quality, critically acclaimed television series. Through its flagship channel, AMC, it has aired popular shows such as "Breaking Bad," "The Walking Dead," and "Mad Men," which have garnered substantial viewership and critical praise. channels like IFC and SundanceTV also contribute to its production portfolio with a range of programming including indie films, documentaries, and comedy series. The company's production arm not only serves its own channels but also distributes content internationally.
Streaming
AMC Networks offers a variety of niche streaming platforms catering to specific audience interests. Acorn TV specializes in British and international television, providing a range of dramas, mysteries, and comedies. Shudder, another notable service, focuses on horror, thriller, and supernatural genres, offering an extensive library of films and original series. These platforms operate on a subscription-based model, and in a similar fashion to Netflix and Disney+.
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