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 June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Net income (loss) attributable to AMC Global Media's stockholders used for basic net income (loss) per share	$	(21,943)	$	50,289	$	(40,813)	$	68,338
Add: Convertible Notes interest expense, net of tax	—		1,145		—		2,291
Net income (loss) attributable to AMC Global Media's stockholders used for diluted net income (loss) per share	$	(21,943)	$	51,434	$	(40,813)	$	70,629

Basic weighted average common shares outstanding	43,016		44,868		43,320		44,845
Effect of dilution:
Restricted stock units	—		196		—		351
Convertible Notes	—		11,286		—		11,286
Diluted weighted average common shares outstanding	43,016		56,350		43,320		56,482

Net income (loss) per share attributable to AMC Global Media's stockholders:
Basic	$	(0.51)	$	1.12	$	(0.94)	$	1.52
Diluted	$	(0.51)	$	0.91	$	(0.94)	$	1.25

For the three and six months ended June 30, 2026, all 5.6 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. 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 Stock Repurchase Program.

increase to Treasury stock of $24.0 million during the three months ended June 30, 2026, representing 80% of the total shares expected to be repurchased under the ASR Agreement (determined based on the closing price of the Class A Common Stock of $8.80 on May 8, 2026). The remaining 20% of the ASR Agreement value of $6.0 million was accounted for as an unsettled forward contract indexed to the Class A Common Stock and recorded as a reduction to Paid-in capital during the three months ended June 30, 2026. 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, if the final number of shares to be repurchased is greater than the initial share delivery, Citibank will deliver additional shares of Class A Common Stock to the Company, or, if the final number of shares to be repurchased is less than the initial share delivery, the Company will 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.