AMC Global Media signed a $500 million five-year Netflix license for The Walking Dead Universe while resolving breach claims with $120 million in settlement consideration.
AMCX · AMC Global Media Inc.
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AMC Global Media Inc. reported third-quarter Domestic Operations revenue of $495 million, up 2% from the prior year; operating loss was $42 million and Free Cash Flow was $(52) million.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Jul 30, 2026TL;DR. AMC Global Media announced a $500M Walking Dead licensing deal with Netflix and raised full-year AOI guidance to $410–420M and free cash flow guidance to ~$220M, though Q2 net revenue fell 9% to $547M and Adjusted Operating Income fell 57.9% to $46M with subscriber acquisition running below expectations.
- + Announced $500M, 5-year Walking Dead co-exclusive global streaming license with Netflix
- + Streaming revenue grew 6% on price increases, with double-digit engagement gains
- + Renewed distribution with Comcast and YouTube; now renewed four of top five domestic MVPDs in 12 months
- − Q2 net revenue declined 9% YoY to $547M
- − Domestic Operations AOI fell 52% to $61M on revenue declines and higher marketing
- − Full-year domestic subscription revenue now expected to decline ~3% on slower subscriber acquisition
- − Domestic content licensing revenue fell 34% YoY on timing of deliveries
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted Earnings per Diluted Share non-GAAP | -$0.21 | Six Months Ended June 30, 2026 | — |
| Adjusted Operating Income non-GAAP | $46M | Second Quarter Ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Operating income $15.85M
+$6.73M Share-based compensation expenses
+$16.82M Depreciation and amortization
+$1.34M Restructuring and other related charges
+$2.13M Cloud computing amortization
+$3.2M Majority owned equity investees AOI
= Adjusted Operating Income $46.07M
|
|||
| Free Cash Flow non-GAAP | $43M | Second Quarter Ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net cash provided by operating activities $57.19M
-$13.93M Less: capital expenditures
= Free Cash Flow $43.27M
|
|||
| Leverage ratio non-GAAP | 4.1 | Twelve Months Ended June 30, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Entertainment — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
AMCX
this stock
AMC Global Media Inc.
|
$391.01M | -0.2% | -4.5% | — | 12.3% |
|
NFLX
Netflix Inc
|
$255.21B | -33.7% | +15.9% | 18.0 | 2.2% |
|
DIS
Walt Disney Co
|
$205.42B | +4.6% | +3.4% | 24.6 | 1.2% |
|
LYV
Live Nation Entertainment, Inc.
|
$42.06B | +25.2% | +8.8% | — | 10.8% |
|
SKYD
Skydance Corp
|
$37.93B | — | -1.5% | — | 2.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 9, 2026
- This year
- 20
AMC Global Media Inc. reported third-quarter Domestic Operations revenue of $495 million, up 2% from the prior year; operating loss was $42 million and Free Cash Flow was $(52) million.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| AMCX | +13.2% | -6.4% | -0.4% | +20.4% | -0.2% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +10.6% | -5.2% | -0.9% | +20.6% | -10.8% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.