AMC Global Media cuts 2026 free cash flow outlook to about $150 million from $220 million

AMC Global Media cut its 2026 free cash flow outlook to about $150 million from about $220 million.

The revision reflects an $85 million cash settlement payment, net of the related income tax benefit.

Total consideration for the settlement is $120 million, including $85 million due by Sept. 18, 2026. The remaining $35 million is due by Jan. 31, 2027 and will be treated as an advance against participation tied to The Walking Dead.

Revenue outlook unchanged; adjusted operating income outlook is also unchanged because the settlement is excluded from adjusted operating income.