Q1 26 EPS
$0.08
MISS 62.25%
Est. $0.21
Q1 26 Revenue
$542.1M
BEAT +0.34%
Est. $540.3M
vs S&P Since Q1 26
+15.9%
BEATING MARKET
AMCX +16.4% vs S&P +0.5%
Market Reaction
Did AMCX Beat Earnings? Q1 2026 Results
AMC Global Media posted a mixed first quarter for fiscal 2026, delivering a sharp earnings miss even as revenue held roughly in line with expectations. Adjusted EPS came in at $0.08, falling 62.25% short of the $0.21 consensus estimate, while net rev… Read more AMC Global Media posted a mixed first quarter for fiscal 2026, delivering a sharp earnings miss even as revenue held roughly in line with expectations. Adjusted EPS came in at $0.08, falling 62.25% short of the $0.21 consensus estimate, while net revenues of $542.13 million edged just 0.34% above forecasts but still slipped 2.4% year over year. The headline drag traced largely to $16.66 million in debt modification expenses tied to the company's major notes exchange offer, which helped swing results to a GAAP net loss of $18.87 million from net income of $18.05 million a year ago. Streaming was a clear relative bright spot, with that segment growing 11% to $174.00 million, now accounting for more than a third of domestic revenues, though gains were offset by a 16% decline in affiliate revenues and a 5% drop in advertising. Despite the quarter's headwinds, management reiterated its full-year 2026 outlook, stating the company is tracking to plan across all key metrics.
Key Takeaways
- • Streaming revenue grew 11% to $174 million driven by price increases across services
- • Ad-supported AMC+ activations under hard-bundle agreements increased 200% YoY to 1.8 million
- • Domestic affiliate revenues declined 16% due to basic subscriber declines
- • Advertising revenues decreased 5% due to lower marketplace pricing, partially offset by digital advertising growth
- • Foreign currency translation provided approximately 1% beneficial impact to overall revenue growth rate
AMCX Forward Guidance & Outlook
The company reiterated its financial outlook for the full year 2026, stating it is tracking to plan across all key metrics.
AMCX YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
AMCX Revenue by Segment
With YoY comparisons, source: SEC Filings
“AMC Global Media delivered another quarter of double-digit streaming revenue growth and robust free cash flow generation. We are tracking to plan across all key metrics and are pleased to reiterate our financial outlook for the year. During this changing time in media, we continue to follow our own differentiated playbook as a studio-driven owner of world-class IP, fully distributed across a wide range of owned and partner platforms.”
— Kristin Dolan, Q1 2026 Earnings Press Release
AMCX Earnings Trends
AMCX vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AMCX EPS Trend
Earnings per share: estimate vs actual
AMCX Revenue Trend
Quarterly revenue: estimate vs actual
AMCX Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $0.21 | $0.08 | -62.25% | $542.1M | +0.34% |
| Q4 25 MISS FY | $0.66 | $0.64 | -3.72% | $594.8M | +2.23% |
| FY Full Year | $2.05 | $2.03 | -1.09% | $2.31B | +0.52% |
| Q3 25 MISS | $0.34 | $0.18 | -47.41% | $561.7M | +2.27% |
| Q2 25 BEAT | $0.61 | $0.69 | +12.97% | $600.0M | +2.92% |
| Q1 25 MISS | $0.81 | $0.52 | -35.47% | $555.2M | -2.11% |