Filing Flows › AMC Global Media (AMCX) › Q2 2026 › vs Q2 2025
AMC Global Media (AMCX) Q2 2026 vs Q2 2025 (year over year)
AMC Global Media's revenue fell $52.5M (-9%) from $600M in Q2 2025 to $547M in Q2 2026. The biggest changes: Content licensing and other −$27.2M (-32%); Subscription −$14.9M (-4%); Advertising −$10.4M (-7%).
AMC Global Media, Q2 2026: revenue $547M (-9% year over year), operating margin 2.9%, net loss $19.8M, operating cash flow $57.2M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 7.9% | 16.0% | -8.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Subscription | $353M | $367M | −$14.9M | -4% |
| Advertising | $138M | $149M | −$10.4M | -7% |
| Content licensing and other | $56.8M | $84.0M | −$27.2M | -32% |
| Revenue | $547M | $600M | −$52.5M | -9% |
| Income tax benefit | $4.7M | −$16.1M | $20.7M | — |
| Net loss | $19.8M | −$52.7M | $72.5M | — |
| Costs & expenses | $572M | $604M | −$32.4M | -5% |
| Operating costs | $532M | $536M | −$3.9M | -0.7% |
| Interest & other, net | $40.3M | −$4.3M | $44.6M | — |
| Cost of revenue | $289M | $284M | $4.9M | +2% |
| SG&A | $225M | $222M | $3.0M | +1% |
| Other operating costs | $18.2M | $30.0M | −$11.8M | -39% |
| Operating cash sources | $77.0M | $50.1M | $26.9M | +54% |
| Depreciation & amortization | $16.8M | $26.4M | −$9.6M | -36% |
| Share-based compensation | $7.5M | $8.0M | −$550K | -7% |
| Working capital & other | $52.6M | $15.6M | $37.0M | +238% |
| Net loss absorbed | $19.8M | −$52.7M | $72.5M | — |
| Operating cash flow | $57.2M | $103M | −$45.6M | -44% |
| Free Cash Flow (company-reported) | $43.3M | $95.7M | −$52.5M | -55% |
| Capital expenditures | $13.9M | $7.0M | $6.9M | +98% |
Questions
How much did AMC Global Media's revenue grow year over year in Q2 2026?
AMC Global Media's revenue fell $52.5M (-9%) from $600M in Q2 2025 to $547M in Q2 2026.
What drove AMC Global Media's revenue change in Q2 2026?
Content licensing and other −$27.2M (-32%); Subscription −$14.9M (-4%); Advertising −$10.4M (-7%).