AMC Networks (AMCX) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 31, 2026

Before Open (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

-0.09

Last Year’s EPS

0.69

Same Quarter Last Year

Analyst Consensus

Moderate Sell

Based on 3 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:May 08, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call presented a mixed but balanced picture: strong operational and strategic positives including double-digit streaming revenue growth, robust digital ad growth (+44% YoY), healthy free cash flow ($65M Q1, FCF guidance ≥ $200M), active engagement metrics, meaningful content/franchise monetization opportunities (notably The Walking Dead), and tangible capital structure improvements (retirement of 2029 notes, extended maturities, $428M cash and an ASR). Offsetting these positives were notable near-term profitability pressures — consolidated AOI down 34% to $69M, domestic AOI down 26%, a 16% decline in affiliate revenue, advertising rate pressure, and modest international revenue declines ex-FX. Management reiterated full-year revenue (~$2.25B), AOI (~$350M) and FCF guidance and outlined steps to address balance sheet and capital allocation. Overall the strengths and strategic actions largely balance the significant near-term profit headwinds.

Company Guidance

AMC Global Media reiterated 2026 guidance calling for consolidated revenue of approximately $2.25 billion, consolidated adjusted operating income (AOI) of about $350 million and free cash flow of at least $200 million. In Q1 the company reported consolidated net revenue of $542 million (−2% year‑over‑year), consolidated AOI of $69 million (−34%, 13% margin) and free cash flow of $65 million; domestic revenue was $471 million (−3%) with domestic AOI $92 million (−26%), streaming revenue +11% while subscription revenue was down 3% and affiliate revenue down 16%; reported streaming subscribers were 10.1 million (vs. 10.2M a year ago) and there have been 1.8 million hard‑bundle activations. Advertising revenue declined 5% overall but digital ad revenue grew ~44% year‑over‑year; content licensing was $53 million. International revenue was $72 million (+3% reported; roughly −5% ex‑FX) with international AOI $5 million (8% margin). On the balance sheet the company had roughly $428 million of cash, pro forma net debt and finance leases of about $1.3 billion (pro forma net leverage ~3.5x), retired 2029 notes and materially extended maturities into 2032 (≈75% of debt not due until July 2032), plans to pay down Term Loan A and terminate its credit facility, and announced an approximately $30 million accelerated share repurchase; management expects AOI to be back‑half weighted with Q2 the low point.

Double-Digit Streaming Revenue Growth & Streaming Now Top Domestic Revenue Source

Streaming revenue grew 11% in the quarter and management stated streaming is now the #1 source of domestic revenue; streaming growth benefited from rate initiatives and is a primary growth driver for the business.

Strong Free Cash Flow Generation and Full-Year FCF Guidance

First quarter free cash flow totaled $65 million and the company reiterated full-year free cash flow guidance of at least $200 million.

Digital Advertising Momentum

Digital advertising revenue grew 44% year-over-year in Q1, and management reported improved advertising trends and stronger digital/advanced advertising performance into Q2.

Content & Franchise Opportunities — The Walking Dead and New Originals

The Walking Dead universe (7 series, 352 episodes) rights return January 2027 and the company is exploring co-exclusive licensing that has attracted strong inbound interest; additionally, new and returning content greenlit/announced (Thunder Road with NASCAR and Dennis Quaid, Rise of the Saints with NFL, Audacity S2, Anne Rice's The Vampire Lestat premiere) support future monetization.

Distribution Expansion & FAST Strategy

Hard bundle activations reached 1.8 million; AMC+ ad-supported will be hard-bundled on DIRECTV later in the year; company operates >40 FAST channels with a dozen more planned and is expanding FAST internationally (U.K., LATAM, Spain).

Capital Structure Improvements

Retired senior secured notes due 2029 (majority exchanged into 2032 notes and remaining redeemed in cash), announced paydown of Term Loan A and termination of credit facility, resulting in ~75% of total debt not due until July 2032 and pro forma net cash of ~$428 million.

Share Repurchase Authorization & Certainty via ASR

Announced an accelerated share repurchase (ASR) to repurchase ~ $30 million of Class A common stock, providing a more certain method to return capital to shareholders.

Operational Engagement & Subscriber Quality

Reported a five-year high in engagement across the streaming portfolio and emphasized an active, engaged subscriber base (10.1 million reported streaming subscribers, with retention consistent versus prior periods).

AMC Networks (AMCX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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AMCX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 31, 2026	2026 (Q2)	-0.09 / -	0.69	―	―	―
May 08, 2026	2026 (Q1)	0.21 / 0.08	0.52	-84.62% (-0.44)	―
Feb 11, 2026	2025 (Q4)	0.57 / 0.64	0.64	0.00% (0.00)	―
Nov 07, 2025	2025 (Q3)	0.29 / 0.18	0.91	-80.22% (-0.73)	―
Aug 08, 2025	2025 (Q2)	0.61 / 0.69	1.24	-44.35% (-0.55)	―
May 09, 2025	2025 (Q1)	0.78 / 0.52	1.16	-55.17% (-0.64)	―
Feb 14, 2025	2024 (Q4)	1.04 / 0.64	0.72	-11.11% (-0.08)	―
Nov 08, 2024	2024 (Q3)	0.62 / 0.91	1.85	-50.81% (-0.94)	―
Aug 09, 2024	2024 (Q2)	1.52 / 1.24	2.02	-38.61% (-0.78)	―
May 10, 2024	2024 (Q1)	1.66 / 1.16	2.62	-55.73% (-1.46)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

AMCX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 08, 2026	$8.56	$8.80	+2.80%
Feb 11, 2026	$7.50	$7.33	-2.27%
Nov 07, 2025	$7.25	$7.52	+3.72%
Aug 08, 2025	$6.00	$6.53	+8.83%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.