Net income (loss) per basic share is based upon net income (loss) attributable to AMC Global Media's' stockholders divided by the weighted average number of shares of Class A Common Stock and Class B Common Stock outstanding during the period. Net income (loss) per diluted share reflects the dilutive effects, if any, of AMC Global Media's outstanding equity-based awards and the assumed conversion of the Company's 4.25% Convertible Senior Notes due 2029 (the "Convertible Notes") issued in June 2024.


(In thousands)	Three Months Ended March 31,
		2026		2025
Net income (loss) attributable to AMC Global Media's stockholders used for basic net income (loss) per share		$	(18,870)	$	18,049
Add: Convertible Notes interest expense, net of tax		—		1,146
Net income (loss) attributable to AMC Global Media's stockholders used for diluted net income (loss) per share		$	(18,870)	$	19,195

Basic weighted average common shares outstanding		43,627		44,821
Effect of dilution:
Restricted stock units		—		509
Convertible Notes		—		11,286
Diluted weighted average common shares outstanding		43,627		56,616

Net income (loss) per share attributable to AMC Global Media's stockholders:
Basic		$	(0.43)	$	0.40
Diluted		$	(0.43)	$	0.34

For the three months ended March 31, 2026, all 5.9 million of our restricted stock units ("RSUs") and the impact of 11.3 million common shares related to the assumed conversion of the Convertible Notes were excluded from the calculation of diluted net income (loss) per share because their inclusion would have been antidilutive since we reported a net loss.

The Company's Board of Directors previously authorized a program to repurchase up to $1.5 billion of its outstanding shares of Class A Common Stock (the "Stock Repurchase Program"). The Stock Repurchase Program has no pre-established termination date and may be suspended or discontinued at any time. During the first quarter of 2026, the Company did not repurchase any shares of its Class A Common Stock. As of March 31, 2026, the Company had $117.4 million of authorization remaining for repurchase under the Stock Repurchase Program.

On May 8, 2026, the Company entered into an accelerated share repurchase agreement (the “ASR Agreement”) with Citibank, N.A. (“Citibank”) to repurchase $30.0 million of its outstanding Class A Common Stock. The Company is conducting the accelerated share repurchase as part of its existing Stock Repurchase Program.

Under the terms of the ASR Agreement, on May 11, 2026, the Company will make an initial payment to Citibank of $30.0 million, and expects to receive an initial delivery of approximately 2.7 million shares of Class A Common Stock. The final number of shares to be repurchased will be based on the volume-weighted average price of the Class A Common Stock on specified dates during the term of the transaction, less a discount, and subject to customary adjustments pursuant to the terms and conditions of the ASR Agreement. At settlement, Citibank may be required to deliver additional shares of Common Stock to the Company, or, under certain circumstances, the Company may be required to make a payment to Citibank, which at the option of the Company may be in the form of cash or shares of Class A Common Stock. The final settlement of the transaction is expected to occur in the fourth quarter of 2026, but may be completed earlier at Citibank’s election