AMC reports $2.1 million cost from streaming sale, $42 jump in licensing

AMC Global Media reported earnings for the third quarter of 2026 on Monday, showing a $2.1 million charge tied to the sale of its ALLBLK streaming service. The company also recorded an $85 million expense to settle a legal dispute with Robert Kirkman, the creator of The Walking Dead, and other producers. This payment stems from a settlement agreement reached on Sept. 4.

Kirkman and the other producers received $35 million in cash immediately. AMC must pay the remaining $35 million by Jan. 31, 2027. The settlement resulted in the dismissal of the lawsuit with prejudice. The company took the full $85 million charge in the July to September quarter.

Content licensing revenue rose 42% during the period. Analysts at LSEG had forecast a loss of 1 cent per share on $584.9 million in revenue. AMC instead reported adjusted earnings of 44 cents per share on $566 million in revenue. This performance exceeded the consensus expectations provided by the analysts.

Kristin Dolan, the CEO of AMC Global Media, told shareholders in a letter that revenue growth was driven by licensing and streaming. She noted improvements in domestic affiliate and advertising revenue compared to previous periods. Dolan stated that the company continues to use a targeted streaming strategy that complements larger providers. She said the service runs on a single technology platform with attractive pricing and packaging.

Dolan added that AMC Studios is creating intellectual property for its own platforms and for partners. The studio works through co-production relationships and content sales. The company aims to differentiate itself by offering distinctive content at lower costs than other major streaming options.