AMC Global Media posts 28-cent adjusted EPS loss on $547 million in Q2 2026 as streaming rises and ad sales fall
AMC Global Media's Q2 results missed expectations, with a wider adjusted loss and slightly lower revenue, underscoring pressure in its linear ad business as U.S. ad sales fell 11%. Streaming revenue grew 6%, but scale remains insufficient to offset the decline. A $500 million co-exclusive Netflix deal for "The Walking Dead" provides multi-year cash-flow support, partially mitigating near-term earnings disappointment.
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AMC Global Media reported second-quarter 2026 results, posting an adjusted loss of 28 cents per share on $547 million in revenue, compared with expectations for a 7-cent loss on $554.65 million. Streaming revenue rose 6% to $180 million, while ad sales fell 11% to $109 million. The company also announced a $500 million co-exclusive streaming agreement with Netflix for “The Walking Dead.” The results highlight continued pressure on its traditional advertising business as its shift toward streaming has yet to fully offset the revenue gap.