AMC Global Media reported its third-quarter 2026 earnings Monday, revealing a major increase in content licensing sales and a restructuring charge of $2.1 million following the sale of its ALLBLK streaming service.
Additionally, AMC says its Sept. 4 settlement agreement with “The Walking Dead” creator Robert Kirkman led to a cash payment of $85 million with $35 million still left to be paid no later than Jan. 31, 2027. As a result of that settlement, AMC recorded a charge of $85 million in consideration for the dismissal of the action with prejudice.
Wall Street forecast a loss of earnings per share (EPS) of 1 cent on $584.9 million in revenue, according to analyst consensus data provided by LSEG. AMC reported adjusted EPS of 44 cents on $566 million in revenue.
“We saw consolidated revenue growth in the third quarter, led by our licensing and streaming businesses,” AMC Global Media CEO Kristin Dolan said in a letter to shareholders. “We also saw sequential and year-over-year improvements in both domestic affiliate and advertising revenue trends. We continue to leverage our key points of differentiation including a targeted streaming strategy that is complementary to larger and more expensive options from other providers, running on a single technology platform with attractive pricing and packaging. Our AMC Studios business is creating valuable and distinctive IP for our own platforms and for partners through co-production relationships and content sales.”
More to come…
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