--- title: "AMC Global Media | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 547.5 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/294351151.md" datetime: "2026-07-30T11:05:58.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294351151.md) - [en](https://longbridge.com/en/news/294351151.md) - [zh-HK](https://longbridge.com/zh-HK/news/294351151.md) --- # AMC Global Media | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 547.5 M Revenue: As of FY2026 Q2, the actual value is USD 547.5 M, missing the estimate of USD 553.79 M. EPS: As of FY2026 Q2, the actual value is USD -0.51, missing the estimate of USD -0.1466. EBIT: As of FY2026 Q2, the actual value is USD 55.34 M. #### Overall Financial Performance ##### Operating Income AMC Global Media Inc.’s operating income for the second quarter of 2026 was $15,854 thousand, a decrease of 75.4% from $64,469 thousand in the second quarter of 2025. For the six months ended June 30, 2026, operating income was $47,115 thousand, a decrease of 63.4% from $128,666 thousand in the prior year period. ##### Adjusted Operating Income Adjusted Operating Income for the second quarter of 2026 was $46,068 thousand, down 57.9% from $109,386 thousand in the second quarter of 2025. For the six months ended June 30, 2026, Adjusted Operating Income was $115,042 thousand, a decrease of 46.2% from $213,871 thousand in the prior year period. ##### Net Income Attributable to AMC Global Media Inc.’s Stockholders Net loss attributable to AMC Global Media Inc.’s stockholders for the second quarter of 2026 was - $21,943 thousand, compared to a net income of $50,289 thousand in the second quarter of 2025. For the six months ended June 30, 2026, net loss attributable to AMC Global Media Inc.’s stockholders was - $40,813 thousand, compared to a net income of $68,338 thousand in the prior year period. ##### Cash Flow from Operating Activities Net cash provided by operating activities was $57,192 thousand in the second quarter of 2026, a 44.4% decrease from $102,791 thousand in the second quarter of 2025. For the six months ended June 30, 2026, net cash provided by operating activities was $124,659 thousand, down 41.1% from $211,596 thousand in the prior year period. ##### Free Cash Flow Free Cash Flow was $43,267 thousand in the second quarter of 2026, a 54.8% decrease from $95,741 thousand in the second quarter of 2025. For the six months ended June 30, 2026, Free Cash Flow was $108,082 thousand, a decrease of 43.1% from $189,926 thousand in the prior year period. ##### Capital Expenditures Capital expenditures for the three months ended June 30, 2026, were - $13,925 thousand, compared to - $7,050 thousand in the same period of 2025. For the six months ended June 30, 2026, capital expenditures were - $16,577 thousand, compared to - $21,670 thousand in the prior year period. ##### Restructuring and Other Related Charges Second quarter restructuring and other related charges were $1,342 thousand, including $800 thousand related to the International segment’s restructuring plan and $500 thousand for severance charges. #### Segment Performance ##### Domestic Operations - **Total Revenues, Net:** Decreased 10.7% to $470,390 thousand from $526,853 thousand in Q2 2025. For the six months, total revenues were $941,077 thousand, down 7.1% from $1,013,160 thousand. - **Subscription Revenue:** Decreased 4.5% to $305,902 thousand, primarily due to a decline in affiliate revenue, partially offset by streaming revenue growth. For the six months, subscription revenue was $611,184 thousand, down 3.6% from $633,732 thousand. - Streaming revenue increased 6% to $180 million, representing over a third of Domestic Operations segment revenue. - Affiliate revenue declined 17% to $126 million due to basic subscriber declines. - **Advertising Revenue:** Decreased 11.2% to $108,829 thousand. For the six months, advertising revenue was $221,676 thousand, down 8.3% from $241,854 thousand. - **Content Licensing and Other Revenue:** Decreased 33.7% to $55,659 thousand, primarily due to timing and availability of deliveries. For the six months, content licensing and other revenue was $108,217 thousand, down 21.3% from $137,574 thousand. - **Segment Adjusted Operating Income:** Decreased 51.7% to $60,972 thousand, driven by revenue declines and increased marketing investments. For the six months, Segment Adjusted Operating Income was $153,233 thousand, down 38.8% from $250,263 thousand. ##### International Operations - **Total Revenues, Net:** Increased 4.1% to $78,600 thousand from $75,535 thousand in Q2 2025. For the six months, total revenues were $150,863 thousand, up 3.7% from $145,481 thousand. - **Subscription Revenue:** Decreased 1.0% to $46,612 thousand, mainly due to the wind-down of a joint venture, partially offset by favorable foreign currency translation. For the six months, subscription revenue was $92,974 thousand, up 1.3% from $91,771 thousand. - **Advertising Revenue:** Increased 13.0% to $29,383 thousand, related to outperformance in Q4 2025 and favorable foreign currency translation. For the six months, advertising revenue was $52,755 thousand, up 8.5% from $48,611 thousand. - **Content Licensing and Other Revenue:** Increased 5.8% to $2,605 thousand. For the six months, content licensing and other revenue was $5,134 thousand, up 0.7% from $5,099 thousand. - **Segment Adjusted Operating Income:** Decreased 2.6% to $14,359 thousand, primarily due to lower subscription revenue and higher selling, general and administrative expenses. For the six months, Segment Adjusted Operating Income was $19,796 thousand, down 19.5% from $24,588 thousand. #### Other Key Financial Metrics - **Total Debt:** As of June 30, 2026, total debt was $1,735,554 thousand. - **Net Debt:** As of June 30, 2026, net debt was $1,271,558 thousand. - **Net Debt and Finance Leases:** As of June 30, 2026, net debt and finance leases were $1,285,440 thousand. - **Leverage Ratio:** The leverage ratio was 4.1x for the twelve months ended June 30, 2026. - **Cash and Cash Equivalents:** As of June 30, 2026, cash and cash equivalents were $463,996 thousand. - **Stock Repurchase Program:** As of June 30, 2026, AMC Global Media Inc. had $87 million of authorization remaining for repurchase under its Stock Repurchase Program. #### Outlook / Guidance AMC Global Media Inc. is increasing its full-year guidance, leveraging its intellectual property, studio, and partner relationships, especially in distribution. The Netflix licensing agreement is expected to provide approximately $25 million in cash payments in 2026 and $100 million annually from 2027 to 2030. The company anticipates recognizing annual revenue from this license agreement between $200 million and $225 million in both 2026 and 2027. ### Related Stocks - [AMCX.US](https://longbridge.com/en/quote/AMCX.US.md) ## Related News & Research - [TD Cowen Reaffirms Their Hold Rating on AMC Networks (AMCX)](https://longbridge.com/en/news/294550002.md) - [AMC Networks (AMCX) Projected to Announce Quarterly Earnings on Thursday](https://longbridge.com/en/news/293595540.md) - [Ingredion amends 8-K to name Kenneth Escoe to audit committee](https://longbridge.com/en/news/294254664.md) - [SRX Global amends 8-K to correct CFO Carolina Martinez misidentified as CEO](https://longbridge.com/en/news/294232884.md) - [AMC Networks Q2 revenue misses estimates on advertising weakness](https://longbridge.com/en/news/294352757.md)