Quarterly ResultJul 30, 2026, 04:13 PM
AMC Global Media Reports Q2 Loss, Secures $500M Netflix Deal
AI Summary
AMC Global Media Inc. reported a net loss of $21.9 million for Q2 2026 and $40.8 million for the first six months, with revenues declining to $547.5 million and $1.09 billion, respectively, compared to the prior year. The company announced a significant licensing agreement with Netflix Inc. for The Walking Dead Universe, valued at an aggregate content license fee of $500 million over five years. Additionally, AMC Global Media repaid its $80.0 million Term Loan A facility and initiated a $30.0 million accelerated share repurchase program.
Key Highlights
- Secured $500M content license agreement with Netflix for The Walking Dead Universe.
- Reported Q2 2026 net loss of $21.9M, down from $50.3M net income in Q2 2025.
- Q2 2026 revenues decreased to $547.5M from $600.0M in Q2 2025.
- Diluted EPS for Q2 2026 was $(0.51), compared to $0.91 in Q2 2025.
- Repaid $80.0M Term Loan A facility and terminated revolving credit facility.
- Initiated $30.0M accelerated share repurchase program; $87.4M authorization remains.
- Net cash provided by operating activities decreased to $124.7M YTD 2026 from $211.6M YTD 2025.
- Company changed its name from AMC Networks Inc. to AMC Global Media Inc. on April 8, 2026.
Price Impact
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