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How AMC Global Media (AMCX) makes money

AMC Global Media (AMCX) made $547M of revenue in the second quarter 2026 (Q2 2026), -9% from a year earlier. Subscription brought in $353M (64%); Advertising brought in $138M (25%); Content licensing and other brought in $56.8M (10%).

Drawing the Sankey…

AMC Global Media revenue by segment, Q2 2026AMC Global Media revenue by segment, Q2 2026Subscription$353MAdvertising$138MContent licensing and other$56.8M
AMC Global Media: revenue by line, Q4 2024 to Q2 2026AMC Global Media: revenue by line, Q4 2024 to Q2 2026SubscriptionAdvertisingContent licensing and…Subscription: $353M latest$353MAdvertising: $138M latest$138MContent licensing and other: $56.8M latest$56.8MQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Subscription went from 60% of revenue in Q4 2024 to 64% in Q2 2026, the largest shift in the mix.
AMC Global Media revenue by quarterAMC Global Media revenue by quarter$599MQ4 2024$555MQ1 2025$600MQ2 2025$562MQ3 2025$595MQ4 2025$542MQ1 2026$547MQ2 2026
AMC Global Media: where each dollar of revenue goesAMC Global Media: where each dollar of revenue goesOperating cash flow10¢Free cash flow8¢

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Subscription$353M64.4%+0.2%-4%
Advertising$138M25.2%+1%-7%
Content licensing and other$56.8M10.4%+5%-32%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$547M100.0%
Operating cash flow$57.2M10.4%
Free cash flow$43.3M7.9%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$547M-9%
Q1 2026$542M-2%
Q4 2025$595M-0.8%
Q3 2025$562M-6%
Q2 2025$600M-4%
Q1 2025$555M-7%
Q4 2024$599M-12%

From AMC Global Media's 10-Q filed Jul 30, 2026 (on EDGAR).

Questions

How does AMC Global Media make money?

AMC Global Media (AMCX) made $547M of revenue in the second quarter 2026 (Q2 2026), -9% from a year earlier. Subscription brought in $353M (64%); Advertising brought in $138M (25%); Content licensing and other brought in $56.8M (10%).

What is AMC Global Media's biggest business?

Subscription: $353M in the second quarter 2026, 64% of revenue, -4% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.