AMC Entertainment amends debt, issues equity-based consent

AMC Entertainment ( (AMC) ) has issued an update.

On January 29, 2026, AMC Entertainment Holdings and its subsidiary Muvico reached an agreement with holders of Muvico’s senior secured notes due 2029 to amend the notes’ indenture, giving AMC greater flexibility to refinance its existing term loan and 12.75% Odeon senior secured notes due 2027 with new, potentially secured and guaranteed debt; in exchange, AMC will pay the noteholders a stock-based consent fee. Management framed the move as another step in streamlining the capital structure, lowering interest costs, improving liquidity and addressing upcoming maturities, which could ease balance sheet pressures that have weighed on the cinema chain since the pandemic. AMC also released unaudited preliminary results for the fourth quarter and full year ended December 31, 2025, showing quarterly revenue essentially flat year over year at about $1.29 billion, a slightly narrower quarterly net loss, but lower quarterly adjusted EBITDA, while for the full year revenue rose to roughly $4.85 billion and adjusted EBITDA improved to about $388 million even as the net loss widened to about $632 million. The company attributed its outperformance versus modest industry box office growth—North American box office increased about 1.5% in 2025—to operational improvements and portfolio optimization, and it highlighted that its results remain highly leveraged to box office volume in its North American and European markets; AMC signaled growing optimism for 2026 given a stronger early-year box office and an upcoming slate of major studio releases, indicating potential upside for earnings if expected industry growth materializes.

The most recent analyst rating on (AMC) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on AMC Entertainment stock, see the AMC Stock Forecast page.

Spark’s Take on AMC Stock

According to Spark, TipRanks’ AI Analyst, AMC is a Neutral.

The score is held down primarily by weak financial performance (losses, negative equity, and negative operating/free cash flow) and bearish technicals (below key moving averages with negative MACD). The latest earnings call provides a partial offset via improving operating metrics, market share gains, and debt actions, but valuation signals remain low-confidence due to the negative P/E and no dividend yield data.

To see Spark’s full report on AMC stock, click here.

More about AMC Entertainment

AMC Entertainment Holdings is the world’s largest movie exhibition company, operating roughly 860 theatres and 9,600 screens across the United States, Europe and other international markets. The company focuses on enhancing the cinema experience through power-recliner seating, expanded food and beverage offerings, loyalty and subscription programs, and premium large-format screens, aiming to capture a disproportionate share of box office and concession spending in its core theatrical markets.

Average Trading Volume: 27,231,683

Technical Sentiment Signal: Strong Sell

Current Market Cap: $743.8M

For an in-depth examination of AMC stock, go to TipRanks’ Overview page.