Earnings Releases·Nov 9, 2026, 4:04 PM ET

AMC Global Media Inc. — Third Quarter 2026 Earnings Summary

Q3 consolidated net revenues rose 0.8% year-over-year to $566.1 million, while nine-month revenues declined 3.6% to $1.66 billion; however, the company reported a significant deterioration in profitability, with Q3 operating loss widening to $41.6 million from a $55.5 million income in the prior year period, and diluted EPS falling to $(1.13) from $1.38.
Adjusted EPS increased to $0.44 for the quarter from $0.18, though Adjusted Operating Income fell 25.4% to $70.4 million; free cash flow turned negative at $(52.4) million for the quarter due to a one-time $85 million legal settlement charge related to *The Walking Dead* and *Fear the Walking Dead*, though excluding this impact, free cash flow was $33 million.
Strategic initiatives include the divestiture of the ALLBLK streaming business for a $3.7 million pre-tax gain, the expansion of Netflix co-production deals including the greenlight of *Bannerman*, and the addition of *The Walking Dead* universe to AMC+ starting January 2027.
Capital management activities featured an accelerated share repurchase of 2.8 million shares for $30 million in October, leaving $87 million of authorization remaining, while total debt stood at $1.74 billion with a leverage ratio of 4.5x.