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AMC Global Media (AMCX) Q1 2026 earnings results (first quarter 2026)

10-Q filed May 8, 2026

AMC Global Media (AMCX) reported revenue of $542M for the first quarter 2026 (Q1 2026), -2% from a year earlier and -9% from the quarter before. Operating margin was 5.8%, net loss $17.2M (3.2% of revenue).

Revenue$542M
Year over year-2%
Quarter over quarter-9%
Operating margin5.8%
Net earnings−$17.2M

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 follows the revenue to costs, profit and cash.

Q1 2026AmountQ/QY/Y
Revenue$542M-9%-2%
Operating profit$31.3M—-51%
Net earnings−$17.2M—-195%
Operating cash flow$67.5M+37%-38%
Free cash flow$64.8M—-31%

What changed

Revenue was $542.1M in Q1 2026, down 2% year over year and down 9% from the previous quarter. Subscription was the largest line at 65% of revenue. Subscription lost $6.4M year over year (down 2%), 49% of the total change.

Operating profit was $31.3M, a 5.8% margin (down 5.8 points year over year). Total costs grew 4% against a revenue fall of 2%. The quarter ended with a net loss of $17.2M, narrower than the previous quarter's $53.2M loss. Net interest and other expense of $55.2M was the main reason.

Operating cash flow was $67.5M (down 38% year over year). Non-cash charges added back $21.4M of depreciation and amortization and $6.1M of share-based compensation. Working capital and other items added $57.1M. After capital expenditures ($2.7M), free cash flow as the company reports it was $64.8M.

Questions

What was AMC Global Media's revenue in the first quarter 2026?

AMC Global Media (AMCX) reported revenue of $542M for the first quarter 2026 (Q1 2026), -2% from a year earlier and -9% from the quarter before.

Was AMC Global Media profitable in the first quarter 2026?

Operating profit was $31.3M (5.8% of revenue) and net loss $17.2M.

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Source: AMC Global Media 10-Q on SEC EDGAR.