AMC Networks Q2 revenue misses estimates on advertising weakness

AMC Global Media

30/07/2026 12:13

Overview
U.S. media company's Q2 revenue fell 9% yr/yr, missing analyst expectations
Adjusted loss per share for Q2 missed analyst consensus
Adjusted operating income for Q2 beat analyst expectations

Outlook
AMC Networks raises full-year guidance citing expanded licensing and renewed distribution deals
Company expects to recognize $200 mln to $225 mln annual revenue from Netflix deal in 2026, 2027
AMC Networks sees partner relationships and distribution channels as key drivers for future performance

Result Drivers
AFFILIATE REVENUE PRESSURE - Co said domestic affiliate revenue declined 17% due to basic subscriber declines
ADVERTISING WEAKNESS - Advertising revenue fell 11%, with a one-time system integration issue and lower ratings cited as factors
CONTENT LICENSING TIMING - Content licensing revenue dropped 34% due to timing and availability of deliveries

Company press release: ID:nGNX4rccBH

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$547.50 mln
$556.73 mln (6 Analysts)
Q2 Adjusted Loss Per Share
Miss
$0.28
$0.07 (6 Analysts)
Q2 Loss Per Share
 
$0.51
 
Q2 Adjusted Operating Income
Beat
$46.07 mln
$40.86 mln (6 Analysts)
Q2 EBIT
 
$15.85 mln
 
Q2 Free Cash Flow
 
$43.27 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the broadcasting peer group is "buy."
Wall Street's median 12-month price target for AMC Global Media Inc is $6.50, about 36.6% below its July 29 closing price of $10.25
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 4 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)