amcx-20260331

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q


☑			Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended March 31, 2026


☐			Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from to

Commission File Number: 1-35106

AMC Global Media Inc.

(Exact name of registrant as specified in its charter)


Nevada		27-5403694
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

11 Penn Plaza,
New York,	NY	10001
(Address of principal executive offices)		(Zip Code)

(212) 324-8500

(Registrant's telephone number, including area code)

AMC Networks Inc.

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Class A Common Stock, par value $0.01 per share

AMCX

The

NASDAQ

Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ No ¨

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes þ No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company (as defined in Exchange Act Rule 12b-2).


Large accelerated filer	¨	Accelerated filer	þ

Non-accelerated filer	¨	Smaller reporting company	þ

		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No þ

The number of shares of common stock outstanding as of May 1, 2026:


Class A Common Stock par value $0.01 per share			32,443,304
Class B Common Stock par value $0.01 per share			11,484,408

AMC GLOBAL MEDIA INC. AND SUBSIDIARIES

FORM 10-Q

TABLE OF CONTENTS


			Page
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements (unaudited)
Condensed Consolidated Balance Sheets			1
Condensed Consolidated Statements of Income (Loss)			2
Condensed Consolidated Statements of Comprehensive Income (Loss)			3
Condensed Consolidated Statements of Stockholders' Equity			4
Condensed Consolidated Statements of Cash Flows			5
Notes to Condensed Consolidated Financial Statements			6
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations			23
Item 3. Quantitative and Qualitative Disclosures About Market Risk			37
Item 4. Controls and Procedures			37
PART II. OTHER INFORMATION
Item 1. Legal Proceedings			38

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds			38
Item 5. Other Information			38
Item 6. Exhibits			39
SIGNATURES			40

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements.

AMC GLOBAL MEDIA INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except per share amounts)

(unaudited)


	March 31, 2026		December 31, 2025
ASSETS
Current Assets:
Cash and cash equivalents	$	552,137	$	502,379
Accounts receivable, trade (less allowance for doubtful accounts of $9,325 and $11,523)	550,666		575,263

Prepaid expenses and other current assets	237,766		202,967
Total current assets	1,340,569		1,280,609
Property and equipment, net of accumulated depreciation of $421,812 and $409,991	107,630		115,978
Program rights, net	1,685,354		1,763,084
Intangible assets, net	176,882		184,803
Goodwill	165,018		166,809
Deferred tax assets, net	16,652		17,781
Operating lease right-of-use assets	68,690		72,545
Other assets	312,895		335,272
Total assets	$	3,873,690	$	3,936,881
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable	$	129,303	$	94,742
Accrued liabilities	292,105		323,029
Current portion of program rights obligations	240,491		258,252
Deferred revenue	63,415		63,651
Current portion of long-term debt	24,770		11,068
Current portion of lease obligations	13,900		17,643
Total current liabilities	763,984		768,385
Program rights obligations	163,937		181,773
Long-term debt, net	1,724,518		1,741,225
Lease obligations	78,583		82,263
Deferred tax liabilities, net	116,814		108,164
Other liabilities	37,621		41,322
Total liabilities	2,885,457		2,923,132
Commitments and contingencies

SEC Form 10-Q filed by AMC Global Media Inc.