Filing Flows › AMC Global Media (AMCX) › Q1 2026 › vs Q1 2025
AMC Global Media (AMCX) Q1 2026 vs Q1 2025 (year over year)
AMC Global Media's revenue fell $13.1M (-2%) from $555M in Q1 2025 to $542M in Q1 2026. The biggest changes: Subscription −$6.4M (-2%); Advertising −$5.6M (-4%); Content licensing and other −$1.0M (-2%).
AMC Global Media, Q1 2026: revenue $542M (-2% year over year), operating margin 5.8%, net loss $17.2M, operating cash flow $67.5M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 12.0% | 17.0% | -5.0 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Subscription | $352M | $358M | −$6.4M | -2% |
| Advertising | $136M | $142M | −$5.6M | -4% |
| Content licensing and other | $54.3M | $55.3M | −$1.0M | -2% |
| Revenue | $542M | $555M | −$13.1M | -2% |
| Income tax benefit | $6.7M | −$15.0M | $21.7M | — |
| Net loss | $17.2M | −$22.2M | $39.3M | — |
| Costs & expenses | $566M | $555M | $10.8M | +2% |
| Operating costs | $511M | $491M | $19.8M | +4% |
| Interest & other, net | $55.2M | $27.1M | $28.1M | +104% |
| Cost of revenue | $283M | $267M | $15.8M | +6% |
| SG&A | $202M | $198M | $4.0M | +2% |
| Other operating costs | $25.8M | $25.7M | $46K | +0.2% |
| Operating cash sources | $84.6M | $86.7M | −$2.0M | -2% |
| Depreciation & amortization | $21.4M | $20.9M | $497K | +2% |
| Share-based compensation | $6.1M | $5.8M | $340K | +6% |
| Working capital & other | $57.1M | $60.0M | −$2.9M | -5% |
| Net loss absorbed | $17.2M | −$22.2M | $39.3M | — |
| Operating cash flow | $67.5M | $109M | −$41.3M | -38% |
| Free Cash Flow (company-reported) | $64.8M | $94.2M | −$29.4M | -31% |
| Capital expenditures | $2.7M | $14.6M | −$12.0M | -82% |
Questions
How much did AMC Global Media's revenue grow year over year in Q1 2026?
AMC Global Media's revenue fell $13.1M (-2%) from $555M in Q1 2025 to $542M in Q1 2026.
What drove AMC Global Media's revenue change in Q1 2026?
Subscription −$6.4M (-2%); Advertising −$5.6M (-4%); Content licensing and other −$1.0M (-2%).