Quarterly ResultMay 8, 2026, 07:07 AM
AMC Global Media Q1 Net Revenues $542M; Streaming +11%; Name Change
AI Summary
AMC Global Media Inc., formerly AMC Networks Inc., reported its first quarter 2026 financial results, alongside announcing its corporate name change. While net revenues decreased 2% to $542 million and operating income saw a significant decline, streaming revenues grew 11% to $174 million. The company reiterated its financial outlook for the year and announced a $30 million Accelerated Share Repurchase program, in addition to completing a debt exchange and redemption of its 2029 Senior Secured Notes.
Key Highlights
- Corporate name changed from AMC Networks Inc. to AMC Global Media Inc.
- Net revenues decreased 2% to $542 million for Q1 2026.
- Streaming revenues increased 11% to $174 million, representing over a third of Domestic Operations revenues.
- Operating income decreased 51.3% to $31 million; Adjusted Operating Income decreased 34% to $69 million.
- Diluted EPS was $(0.43) compared to $0.34 in the prior year; Adjusted EPS was $0.08, down 84.6%.
- Net cash provided by operating activities was $67 million; Free Cash Flow was $65 million, down 31.2%.
- Announced plans to repurchase approximately $30 million of Class A Common Stock under an Accelerated Share Repurchase program.
- Completed an exchange offer and redeemed remaining $14 million of 10.25% Senior Secured Notes due 2029.