AMC beats Q2 estimates as attendance, box office trends, revenue, and adjusted EBITDA improve.
Stock Earnings Results
July 20, 2026
Table of Contents
July 20, 2026
AMC Entertainment Holdings, Inc. (NYSE: AMC) reported second-quarter 2026 results above expectations, supported by higher attendance, stronger box office trends, record quarterly revenue, and the highest quarterly adjusted EBITDA in the company’s 106-year history.
AMC is the largest movie theater operator in the United States, Europe, and the world, operating theaters and screens across domestic and international markets.
The company reported adjusted diluted EPS of $0.14, above estimates of $0.00. Revenue came in at $1.60 billion, above estimates of $1.48 billion, with revenue growth of 14.2%.
Total revenue increased 14.2% to $1.60 billion from $1.40 billion a year earlier.
AMC reported a net loss of $11.4 million, compared with a net loss of $4.7 million in the prior-year quarter.
Adjusted net earnings were $104.3 million, compared with an adjusted net loss of $0.5 million a year earlier.
Adjusted EBITDA increased 69.6% to $321.4 million, compared with $189.5 million in the prior-year quarter.
The company said this was the first quarter in AMC’s history where adjusted EBITDA exceeded $300 million.
Total attendance increased 13.5% to 71.3 million guests.
U.S. attendance increased 12.0% to 52.5 million, while international attendance increased 17.9% to 18.8 million.
Admissions revenue increased to $863.1 million from $762.6 million.
Food and beverage revenue increased to $576.1 million from $499.6 million.
Consolidated food and beverage revenue per patron increased to $8.08 from $7.95 a year earlier.
Net cash provided by operating activities increased 70.1% to $235.4 million.
Free cash flow was $190.1 million, compared with $88.9 million in the prior-year quarter.
Cash and cash equivalents totaled $778.4 million at June 30, excluding restricted cash of $41.1 million.
AMC said it refinanced $400 million of debt, raised about $285 million of gross proceeds through equity offerings, and eliminated or initiated the elimination of about $282 million of debt during the quarter.
Management said AMC does not anticipate material debt maturities before calendar year 2029.
AMC said industry-wide domestic box office reached about $2.99 billion in the second quarter, up 10.7% year-over-year.
AMC’s domestic revenue grew faster, increasing 13.0%.
Management said the quarter showed the operating leverage in AMC’s business model as higher revenue flowed through to adjusted EBITDA.
The company also pointed to a stronger film slate, including major releases expected later in 2026, as a potential driver of continued theater demand.
AMC delivered one of its strongest quarters since the pandemic recovery began.
Revenue topped expectations, adjusted EBITDA reached a company record, attendance improved across U.S. and international markets, and free cash flow more than doubled from the prior-year quarter. The company also continued working down debt and extending maturities.
The caution is that AMC still reported a GAAP net loss and continues to rely on a recovering box office, capital markets activity, and theater upgrades to support the turnaround.
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