What's Going On With AMC Global Media Stock Friday? - AMC Global Media (NASDAQ:AMCX)

"The company reported first-quarter revenue of $542.13 million, down 2.4% year over year but ahead of the analyst consensus estimate of $540.73 million. Adjusted earnings came in at 8 cents per share, down 84.6% from a year earlier and below analyst estimates of 21 cents. Revenue in the domestic operations segment fell 3.2% year over year to $470.69 million."

"Subscription revenue declined 2.6% to $305.28 million as growth in streaming revenue partially offset declines in affiliate revenue. Streaming revenue rose 11% to $174 million, driven primarily by price increases across AMC's services. Streaming subscribers totaled 10.1 million at the end of the quarter, down 1% from 10.2 million a year earlier. Affiliate revenue dropped 16% to $131 million due to declines in basic subscribers."

"Advertising revenue fell 5% to $113 million, mainly because of lower marketplace pricing, although digital advertising growth partially offset the decline. Content licensing revenue decreased 2.1% to $52.56 million due to the timing and availability of content deliveries during the quarter. International revenue increased 3.3% year over year to $72.26 million."

"Consolidated adjusted operating income declined 34% to $68.97 million. Operating cash flow fell 38% year over year to $67.47 million, while free cash flow declined 31.2% to $64.82 million. AMC ended the quarter with cash and cash equivalents of $552.14 million. AMC expects approximately $2.25 billion in annual revenue, about $350 million in adjusted operating income and at least $200 million in free cash flow for 2026."

First-quarter revenue totaled $542.13 million, down 2.4% year over year but above analyst consensus. Adjusted earnings were 8 cents per share, down 84.6% and below estimates. Domestic revenue fell 3.2% to $470.69 million, with subscription revenue down 2.6% to $305.28 million. Streaming revenue rose 11% to $174 million due to price increases, while streaming subscribers declined 1% to 10.1 million. Affiliate revenue dropped 16% to $131 million and advertising revenue fell 5% to $113 million, partially offset by digital advertising growth. Content licensing revenue decreased 2.1% to $52.56 million. International revenue increased 3.3% to $72.26 million. Adjusted operating income fell 34% and operating and free cash flow declined year over year. Cash and cash equivalents totaled $552.14 million, and 2026 guidance was reaffirmed.

Read at www.benzinga.com