AMC Entertainment (AMC) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 13, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

-0.37

Last Year’s EPS

-0.58

Same Quarter Last Year

Analyst Consensus

Hold

Based on 5 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 24, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented a preponderance of operational and financial positives: revenue and adjusted EBITDA growth, record per-patron metrics, meaningful market share and loyalty traction, targeted balance sheet actions and constructive early signs for 2026 (strong film slate, January box office strength, expanding premium formats). The company still faces notable challenges—attendance softness (especially internationally), a full-year free cash flow deficit driven by seasonality, ongoing portfolio rationalization, and material debt/refinancing needs—but management articulated clear strategies to address these risks and highlighted operating leverage that could amplify improvements if box office recovers. On balance, highlights outweigh the lowlights and the tone was optimistic and constructive.

Company Guidance

The management guidance emphasized a strong 2026 recovery driven by a richer film slate and pronounced operating leverage (roughly two‑thirds of each incremental revenue dollar flowing to adjusted EBITDA), with AMC expecting North American box office in 2026 to be approximately $500 million to more than $1 billion higher than 2025 (January was already +16% YoY and Europe is recovering faster), which they expect to materially lift adjusted EBITDA from 2025’s ~$388 million; other key metrics and targets cited include 2026 CapEx net of lease incentives of $175–$225 million (same as 2025’s $200 million midpoint), ending 2025 cash of $428 million, 2025 full‑year results of >$4.8 billion revenue and ~219 million guests, Q4 2025 revenue of ~$1.29 billion with $134 million adjusted EBITDA and $127 million cash from operations, 2025 per‑patron records (admissions $12.09, F&B $7.62, total $22.10, contribution margin $14.80), net theater changes (closed 21, opened 3 in 2025; net -148 since 2020), reduced total debt ~ $1.8 billion since 2020, recent capital markets actions including >$240 million cash from new debt and $183–$337 million of equitization in July 2025, a launched refinancing targeting ~$2.4 billion to push maturities toward 2031, an ATM equity offering with $26.2 million gross to date, and the expectation that continued revenue growth in 2026 (and a strong 2027) should drive improving free cash flow (2025 FCF was a $366 million use for the year but +$51 million over the last 9 months).

Fourth Quarter Financials

Q4 2025 total revenue of approximately $1.29 billion, adjusted EBITDA of $134 million, and $127 million of cash from operating activities despite a softer industry quarter.

Full Year Revenue and EBITDA Growth

Consolidated 2025 revenue grew 4.6% year-over-year to more than $4.8 billion; adjusted EBITDA increased nearly 13% to approximately $388 million, achieved despite an essentially flat industry box office.

Record Per-Patron Metrics

Admissions revenue per patron rose 5.9% to $12.09; food & beverage revenue per patron rose 5.1% to $7.62; total revenue per patron rose 6.8% to $22.10; contribution margin per patron increased 7.2% to $14.80 (51% higher than pre-pandemic 2019).

U.S. Outperformance and Market Share

U.S. admissions revenue grew 3.9% and AMC outperformed the North American box office by ~140 basis points (160–240bps referenced across remarks); AMC represents more than 1 out of 4 U.S. box office dollars and is ~50% larger than the next largest U.S. competitors.

International Per-Patron Gains

International total revenue per patron grew 10.6% (5.8% in constant currency) to $17.97 and contribution margin per patron grew 11.3% (6.4% in constant currency) to $12.61; international per-patron revenue and margins remain significantly higher versus 2019 (revenue per patron +32%, contribution margin +37%).

Balance Sheet and Debt Actions

Since end of 2020 AMC has reduced total debt by approximately $1.8 billion (including $1.4 billion principal reduction and $420 million lease deferral repayment). July 2025 transactions raised >$240 million cash and equitized $183 million (potentially up to ~$337 million), addressing all 2026 maturities; new refinancing launched to potentially extend ~$2.4 billion of debt to 2031.

Liquidity and Cash Flow Trends

Ended 2025 with $428 million of cash (ex-restricted). Full-year free cash flow was a use of $366 million, but the most recent nine months generated positive free cash flow of $51 million, indicating improving cash generation later in the year.

Loyalty, Marketing and New Offerings

AMC Stubs membership reached ~39 million U.S. households accounting for ~51% of U.S. attendance; launched AMC Premiere GO and AMC Popcorn Pass (120,000 purchasers in first two months). Planned introduction of preferred premier seating for A-List and Stubs Premiere members.

Strategic Partnerships and Revenue Diversification

Successful collaborations with Netflix (Stranger Things finale: ~753,000 attendees, ~$15 million cash from Netflix; Demon Hunters weekend provided ~35% of film attendance for AMC) and with streamers/studios such as Apple and Amazon, demonstrating alternative theatrical event opportunities.

Premium Formats and Operational Improvements

Half of U.S. circuit now has laser projection; ~170 XL screens globally (expected to double by end of 2026); continued expansion of IMAX, Dolby Cinema, PRIME and iSense; premium screens ~3x more productive than standard screens. 2025 CapEx net of lease incentives $200 million (midpoint), guidance for 2026 $175–225 million.

Ancillary Investment Win (Hycroft)

Partial monetization of Hycroft stake in Nov 2025 generated just over $24 million; remaining shares and warrants valued at roughly $39 million, totaling ~ $63 million versus $29 million invested 4 years earlier.

AMC Entertainment (AMC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

AMC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 13, 2026	2026 (Q1)	-0.37 / -	-0.58	―	―	―
Feb 24, 2026	2025 (Q4)	-0.18 / -0.25	-0.18	-38.89% (-0.07)	―
Nov 05, 2025	2025 (Q3)	-0.19 / -0.58	-0.04	-1350.00% (-0.54)	―
Aug 11, 2025	2025 (Q2)	-0.07 / 0.00	-0.43	―	―
May 07, 2025	2025 (Q1)	-0.59 / -0.58	-0.78	25.64% (+0.20)	―
Feb 25, 2025	2024 (Q4)	-0.18 / -0.18	-0.54	66.67% (+0.36)	―
Nov 06, 2024	2024 (Q3)	-0.09 / -0.04	0.08	-150.00% (-0.12)	―
Aug 02, 2024	2024 (Q2)	-0.43 / -0.43	0.088	-588.64% (-0.52)	―
May 08, 2024	2024 (Q1)	-0.75 / -0.78	-1.5	48.00% (+0.72)	―
Feb 28, 2024	2023 (Q4)	-0.69 / -0.54	-2.294	76.46% (+1.75)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

AMC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 24, 2026	$1.15	$1.17	+1.74%
Nov 05, 2025	$2.50	$2.60	+4.00%
Aug 11, 2025	$2.93	$3.03	+3.41%
May 07, 2025	$2.71	$2.70	-0.37%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.