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AMC

AMC Entertainment Holdings, Inc.

AMC

AMC Entertainment Holdings, Inc. • NYSE
$2.44 ▲ 5.87% (+0.14)
Market Cap $1.25 B
52w High $5.56
52w Low $2.05
Dividend Yield 0%
P/E -1.66
Volume 16.12M
Outstanding Shares 512.94M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.3B ▼ $279.2M ▼ $-298.2M ▼ -22.935% ▼ $-0.58 ▼ $-78.3M ▼
Q2-2025 $1.398B ▲ $817.1M ▲ $-4.7M ▲ -0.336% ▲ $-0.011 ▲ $203.9M ▲
Q1-2025 $862.5M ▼ $746.4M ▼ $-202.1M ▼ -23.432% ▼ $-0.47 ▼ $-5.3M ▼
Q4-2024 $1.306B ▼ $872.5M ▲ $-135.6M ▼ -10.38% ▼ $-0.33 ▼ $67.3M ▼
Q3-2024 $1.349B $805.9M $-20.7M -1.535% $-0.057 $178.6M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $416.9M ▼ $8.021B ▼ $9.798B ▼ $-1.778B ▼
Q2-2025 $423.7M ▲ $8.174B ▲ $9.899B ▲ $-1.725B ▲
Q1-2025 $378.7M ▼ $8.053B ▼ $9.791B ▼ $-1.738B ▲
Q4-2024 $632.3M ▲ $8.248B ▼ $10.008B ▼ $-1.76B ▼
Q3-2024 $527.4M $8.324B $10.009B $-1.685B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-298.2M ▼ $-14.9M ▼ $-68.3M ▼ $25.2M ▲ $-58.2M ▼ $-81.1M ▼
Q2-2025 $-4.7M ▲ $138.4M ▲ $-48.7M ▼ $-48.9M ▼ $47.4M ▲ $88.9M ▲
Q1-2025 $-202.1M ▼ $-370M ▼ $-46.9M ▲ $158M ▲ $-253.1M ▼ $-417M ▼
Q4-2024 $-135.6M ▼ $203.6M ▲ $-88.9M ▼ $-3.7M ▲ $103.7M ▲ $113.9M ▲
Q3-2024 $-20.7M $-31.5M $-60.5M $-155.2M $-241.5M $-92.2M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Admission
Admission
 $0 ▲$470.00M ▲$760.00M ▲$720.00M ▼
Advertising
Advertising
 $0 ▲$30.00M ▲$40.00M ▲$40.00M ▲
Food and Beverage
Food and Beverage
 $450.00M ▲$280.00M ▼$500.00M ▲$450.00M ▼
Product and Service Other
Product and Service Other
 $0 ▲$70.00M ▲$100.00M ▲$90.00M ▼
Total Other Product And Service
Total Other Product And Service
 $0 ▲$0 ▲$140.00M ▲$130.00M ▼
Admissions
Admissions
 $720.00M ▲$0 ▼$0 ▲$0 ▲
Other theatre
Other theatre
 $70.00M ▲$0 ▼$0 ▲$0 ▲
Screen advertising
Screen advertising
 $40.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement AMC’s sales have recovered strongly from the pandemic shock and are now back in a healthy multi‑billion range, helped by better attendance and more premium offerings. Profitability, however, is still fragile. The core theater business is close to break‑even at the operating level, and cash-style earnings (like EBITDA) have turned positive again, but the company continues to post net losses each year. The direction is improving – losses are much smaller than at the height of the crisis – yet the business is not consistently profitable after covering interest costs and other non‑operating items. Overall, this is a business in recovery mode rather than one that has fully stabilized its earnings.

Balance Sheet

Balance Sheet AMC’s balance sheet remains heavily stretched. The company carries a large debt load and has had a negative equity position for years, which means its obligations are greater than its accounting assets. Cash on hand is meaningful but has been drifting down, and there is little true balance sheet buffer if conditions worsen. The asset base is sizable, reflecting a large theater footprint and equipment, but it is financed largely with borrowed money. This structure leaves AMC highly sensitive to financing costs, lender confidence, and the need to refinance or roll over debt in the future.

Cash Flow

Cash Flow Cash generation is still the weak spot. Operating cash flow has been negative in recent years, though the outflows are much smaller than during the pandemic period. After necessary spending on theaters and equipment, free cash flow remains clearly negative, meaning the company is still relying on external financing and capital markets to fund operations and upgrades. Any large investment plan, such as broad renovations and premium format expansion, will need to be balanced carefully against this ongoing cash shortfall and the cost of servicing debt.

Competitive Edge

Competitive Edge AMC remains the largest cinema chain in the U.S. and globally, which gives it scale advantages, strong relationships with studios, and broad brand recognition. Its focus is increasingly on premium experiences – large formats, luxury seating, and upgraded food and beverage – to stand out from both smaller theaters and at‑home streaming. The loyalty program and subscription offering deepen customer ties and provide valuable data. At the same time, AMC operates in a structurally challenged industry: moviegoing is highly dependent on hit content, consumer habits have shifted toward streaming, and bargaining power versus major studios is not one‑sided. The company’s size is a strength, but it also means high fixed costs if attendance softens.

Innovation and R&D

Innovation and R&D Innovation at AMC is more about experience and format than traditional R&D. The company is pushing premium large screens, laser projection, recliner seating, and expanded food and drink options to make theaters feel like a clear upgrade over the living room. It is also experimenting beyond pure exhibition: running its own distribution arm for concert and event films, hosting alternative content like live events, selling branded popcorn in retail stores, and offering a co‑branded credit card. The new multi‑year “Go Plan” aims to deepen this premium strategy through major renovations and new proprietary large formats. While these moves could strengthen the brand and open new revenue streams, they are capital intensive and add execution risk given the already tight cash profile.

Summary

AMC is a classic turnaround and reinvention story in a tough industry. Revenues and operating performance have recovered meaningfully from the pandemic lows, but the company is still loss‑making overall and carries a heavy debt burden with negative equity. Cash flow has improved but remains negative after investments, keeping AMC dependent on outside capital. Competitively, its massive footprint, strong brand, and focus on premium experiences give it real advantages, yet it must constantly fight against streaming, uneven film slates, and high fixed costs. Its strategy leans heavily on upgrading theaters, enhancing the customer experience, and expanding into adjacent revenue streams like concert films and consumer products. The key tension is whether these ambitious growth and upgrade plans can be funded and executed fast enough, and at reasonable cost, to fully restore sustainable profitability and strengthen the balance sheet over time.

NEWS

November 25, 2025 · 12:00 PM UTC

AMC Theatres® Launching AMC Popcorn Pass – Giving AMC Stubs Moviegoers Half-Price Large Popcorn Every Day Through the End of 2026 – Beginning Cyber Monday, December 1

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November 24, 2025 · 8:45 AM UTC

More Than 4.5 Million Guests Visited an AMC or ODEON Movie Theatre Monday Through Sunday, as the Unparalleled AMC Experience Helps Drive Strong WICKED: FOR GOOD Opening-Weekend Results

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November 5, 2025 · 4:21 PM UTC

AMC Entertainment Holdings, Inc. Reports Third Quarter 2025 Results

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November 3, 2025 · 11:21 AM UTC

AMC Entertainment Elevates Key Leaders in Legal, Marketing, Corporate Communications, and Business Development to Advance Strategic Growth and Initiatives

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October 23, 2025 · 9:28 AM UTC

Great American Media and Fathom Entertainment Present Another Sweet Christmas, Starring Candace Cameron Bure and Cameron Mathison with an Exclusive Premiere In Theatres Nationwide November 30 - December 2

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