AMC Global Media Inc.
amcglobalmedia.comWhat Do They Do?
Produces and distributes television and film programming through cable networks and streaming services for audiences, licenses shows to distributors, and sells advertising to advertisers.
10-K for FY2025, filed Feb 11, 2026AMC Networks is a global entertainment company known for its popular and award-winning content. We distribute our content to audiences…View ↗
Through our AMC Studios in-house studio, production and distribution operation, we own and control a significant portion of the original…View ↗
Domestic Operations: Consists of our five programming networks, our streaming services, our AMC Studios operation and our film distribution…View ↗
Under affiliation agreements with our distributors, we have the right to sell a specified amount of national advertising time on our…View ↗
How Do They Make Money?
Subscriptions are the largest revenue stream: distributors and streaming customers pay per-subscriber fees for network and streaming access, generally monthly; advertisers buy ad units at negotiated per-unit prices for a specified airing period. The company also earns revenue by licensing original programming to distributors.
10-K for FY2025, filed Feb 11, 2026Substantially all of our subscription revenues are based on a per subscriber fee. The subscription revenues we earn vary from period to…View ↗
Under affiliation agreements with our distributors, we have the right to sell a specified amount of national advertising time on our…View ↗
In our Domestic Operations segment, we earn revenue principally from: (i) subscription revenues in connection with the distribution of our…View ↗
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10-K for FY2025, filed Feb 11, 2026
FY2025 revenue by product or service ↗
$2.3B
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10-K for FY2025, filed Feb 11, 2026
$2.3B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Subscription
Recurring
10-K for FY2025, filed Feb 11, 2026 |
63%
FY2022: 52%
|
Subscription, FY2025
$1.5B Sources
|
Recurring |
|
Advertising
Usage-based
10-K for FY2025, filed Feb 11, 2026 |
25%
FY2022: 28%
|
Advertising, FY2025
$580.8M Sources
|
Usage-based |
|
Content licensing and other
Licensed
10-K for FY2025, filed Feb 11, 2026 |
12%
FY2022: 20%
|
Content licensing and other, FY2025
$277.8M Sources
|
Licensed |
Who Are Their Customers?
Cable and other multichannel TV distributors carry its networks; consumers subscribe through its own apps or streaming platforms, while advertisers buy advertising time on its networks and digital services.
10-K for FY2025, filed Feb 11, 2026Subscription revenues primarily consist of affiliate fees received from distributors for the rights to use the Company's network…View ↗
Substantially all of our subscription revenues are based on a per subscriber fee. The subscription revenues we earn vary from period to…View ↗
Under affiliation agreements with our distributors, we have the right to sell a specified amount of national advertising time on our…View ↗
Growth and Innovation in Advertising and Advertising Technologies. We continue to leverage our high-quality popular content on our networks…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 4 cents of every revenue dollar as net income in FY2025 and turned 12 cents into free cash flow.
10-K for FY2025, filed Feb 11, 2026
$133.3MView ↗
10-K for FY2025, filed Feb 11, 2026
$89.4MView ↗
10-K for FY2025, filed Feb 11, 2026
$272.4MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Jul 30, 2026
−$21.9MView ↗
- ▼ Now a loss
- vs $50.3M in Q2 FY2025
10-Q for Q2 FY2026, filed Jul 30, 2026
Open tableView ↗
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Jul 30, 2026
Licenses The Walking Dead Universe to Netflix and raises full-year guidance
The global co-exclusive streaming-rights deal carries $500 million in license fees over the five-year license period; the company also increased full-year guidance.
Sources
8-K, filed Jul 30, 2026
Announced a content licensing agreement with Netflix for the co-exclusive global streaming rights to The Walking Dead Universe (7 series /…View ↗
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Jun 17, 2026
Appoints Hozefa Lokhandwala as chief financial officer
Hozefa Lokhandwala became executive vice president and chief financial officer.
Sources
8-K, filed Jun 17, 2026
On June 16, 2026, the Board of Directors (the “Board”) of AMC Global Media Inc. (the “Company”) appointed Hozefa Lokhandwala, age 51, as…View ↗
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Apr 3, 2026
Patrick O’Connell’s CFO resignation takes effect
Chief Accounting Officer Michael J. Sherin III assumed principal financial officer duties on an interim basis.
Sources
8-K, filed Apr 3, 2026
On March 31, 2026, the resignation of Patrick O’Connell, Chief Financial Officer of AMC Networks Inc. (the “Company”), which was previously…View ↗
Shrinking. Revenue fell 25% in 4 years, from $3.1B in FY2021 to $2.3B in FY2025, about 7% a year.
Film distribution labels
The older report presents IFC Films and IFC Midnight as distribution labels and includes IFC Films Unlimited as a streaming service; the latest describes IFC Entertainment Group and the Independent Film Company, RLJE Films and Shudder labels.
10-K for FY2022, filed Feb 17, 2023 10-K for FY2025, filed Feb 11, 2026AMC Networks also operates IFC Films, a film distribution business that distributes independent narrative and documentary films under the…View ↗
AMC Networks also operates a film business, IFC Entertainment Group, that distributes movies under three distinct brands: Independent Film…View ↗
Who Do They Compete With?
Competes with Netflix and Amazon Prime Video
10-K for FY2025, filed Feb 11, 2026The business of distributing programming services to cable television systems and other MVPDs and licensing of original programming for…View ↗
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