AMCX earnings analysis
What we found in AMCX's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
AMC Global Media Inc. reported Q1 2026 results with revenues of $542.1 million, a slight increase from $555.2 million in Q1 2025, while EPS dropped significantly to $0.08 from $0.34 in the same quarter last year. The Domestic Operations segment experienced a revenue decline of 3.2%, driven by lower subscription and advertising revenues; the International segment saw a modest growth of 3.3%. Overall, operating income plummeted by 51.3% year-over-year.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Slightly Above Estimates
- Reported revenue reached $542.1 million, just above the estimate of $540.9 million.
- Revenue Growth in International Segment
- International segment revenues grew by 3.3% to $72.3 million, while Domestic Operations declined by 3.2%.
- Operating Income Decline
- Operating income fell by 51.3% to $31.3 million compared to $64.2 million in Q1 2025.
- Strong Cash Generation
- Operating cash flow for Q1 2026 was $67.5 million, down from $108.8 million in Q1 2025.
- Stable Cash Position
- As of March 31, 2026, cash and cash equivalents stood at $552.1 million.
- Restructuring Costs Reduced
- Restructuring and related charges decreased to $4.3 million from $4.8 million a year ago.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Significant EPS Miss
- EPS reported at $0.08 missed estimates of $0.21, reflecting a decline in profitability.
- Decline in Domestic Advertising Revenue
- Domestic advertising revenues decreased 5.4%, contributing to lower overall revenues.
- Increased Operating Expenses
- Total operating expenses rose by 4.0%, leading to reduced profitability.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.08
- Segment
- Domestic Operations
- Segment
- International
What they said about what is next.
Management expects continued challenges in advertising revenues and linear subscriber declines.
The filing reads worse than the one before it.
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
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