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AMC Entertainment
(NYSE:AMC)
AMC Entertainment (AMC) vs. SPDR S&P 500 ETF (SPY)
AMC Entertainment Business Overview & Revenue Model
AMC Entertainment Key Performance Indicators (KPIs)
Shows where AMC earns its money globally, highlighting regions with strong box office sales and areas that might need strategic focus or improvement.
The FlyAMC Entertainment Earnings Call Summary
AMC Entertainment Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.85B | 4.64B | 4.81B | 3.91B | 2.53B |
| Gross Profit | 3.63B | 3.09B | 3.21B | 2.63B | 1.78B |
| EBITDA | -96.30M | 412.70M | 383.00M | -196.40M | -396.90M |
| Net Income | -632.40M | -352.60M | -396.60M | -973.60M | -1.27B |
Balance Sheet | |||||
| Total Assets | 8.02B | 8.25B | 9.01B | 9.14B | 10.82B |
| Cash, Cash Equivalents and Short-Term Investments | 428.50M | 632.30M | 884.30M | 631.50M | 1.59B |
| Total Debt | 4.12B | 8.28B | 9.14B | 10.02B | 10.75B |
| Total Liabilities | 9.91B | 10.01B | 10.86B | 11.76B | 12.61B |
| Stockholders Equity | -1.89B | -1.76B | -1.85B | -2.62B | -1.79B |
Cash Flow | |||||
| Free Cash Flow | -365.90M | -296.30M | -444.80M | -848.30M | -714.70M |
| Operating Cash Flow | -119.80M | -50.80M | -215.20M | -628.50M | -614.10M |
| Investing Cash Flow | -221.60M | -242.90M | -180.10M | -224.00M | -68.20M |
| Financing Cash Flow | 125.20M | 68.40M | 649.30M | -91.30M | 1.99B |
AMC Entertainment Technical Analysis
AMC Entertainment Risk Analysis
AMC Entertainment Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $1.98B | 51.07 | 10.94% | ― | 9.30% | 67.19% | |
65 Neutral | $2.90B | 55.86 | 224.08% | ― | 0.68% | -80.73% | |
61 Neutral | $2.96B | 24.62 | 27.31% | 1.45% | 9.70% | -31.62% | |
61 Neutral | $471.24M | 66.81 | 1.68% | 1.97% | 6.28% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
44 Neutral | $619.57M | -0.89 | ― | ― | 9.74% | 12.29% | |
42 Neutral | $507.37M | -433.24 | 0.17% | ― | -4.07% | -100.72% |
AMC Entertainment Corporate Events
On February 24, 2026, AMC Entertainment, its subsidiary Muvico and certain holders of Muvico’s Senior Secured Notes due 2029 agreed to amend the indenture governing those notes, changing how new collateral from the Odeon Group will secure the debt. Under the amendment, any additional security interests in Odeon Group property that would serve as collateral for the 2029 Notes will now be granted on a junior basis to certain existing debt and its permitted refinancings, including new debt offerings that AMC had announced on February 23, 2026.
Also on February 24, 2026, AMC, Muvico, the other guarantors and CSC Delaware Trust Company entered into a supplemental indenture to put the amendment into effect, formally subordinating potential future Odeon Group collateral for the 2029 Notes. The change clarifies the priority of claims on assets linked to the Odeon Group, which may affect the risk profile and recovery expectations of different creditor groups within AMC’s capital structure.
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.
On February 23, 2026, AMC Entertainment said its indirect subsidiary Muvico, LLC had launched a private offering of $1.73 billion in first lien notes due 2031, to be guaranteed by AMC and certain subsidiaries alongside a planned $750 million term loan facility. The company plans to use the proceeds, together with cash on hand, to redeem in full $400 million of high-coupon 12.750% senior secured Odeon notes due 2027, refinance its existing term loan facility and cover related transaction costs.
At the same time, Odeon issued a conditional notice to fully redeem the Odeon notes, contingent on AMC and its affiliates raising at least $2.48 billion in aggregate gross debt financing from the new transactions. The moves form part of AMC’s broader balance sheet management efforts, aiming to lower financing costs and extend debt maturities, though completion remains subject to market conditions and the successful closing of the planned financings.
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.
On January 29, 2026, AMC Entertainment and its subsidiary Muvico agreed with certain holders of Muvico’s Senior Secured Notes due 2029 to amend the governing indenture, aiming to give AMC greater flexibility in managing its capital structure. The changes were designed to allow the company to refinance its outstanding term loan and 12.75% Senior Secured Notes due 2027 issued by Odeon Finco PLC with new secured and guaranteed debt across AMC, Odeon Cinemas Group, Muvico and their subsidiaries.
On February 12, 2026, AMC, Muvico, other guarantors and CSC Delaware Trust Company executed a supplemental indenture to formally implement these amendments to the 2029 Notes Indenture. The move underscores AMC’s ongoing efforts to actively restructure and optimize its debt profile, a step that could have material implications for its leverage, liquidity management and long-term financial flexibility within the cinema exhibition sector.
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.
On February 9, 2026, AMC Entertainment entered into a sales and registration agreement allowing it to issue and sell up to $150 million of Class A common stock through Goldman Sachs, B. Riley Securities and Yorkville Securities as sales agents, including via at-the-market offerings. AMC also signed a master confirmation with Goldman Sachs International to facilitate potential collared forward transactions, under which hedging and related market activities could at times dampen or support the company’s share price.
Under these forwards, AMC may receive initial and subsequent cash payments based on volume-weighted average prices within preset floor and cap levels, with the structure limiting both downside risk and upside potential for the company. AMC said any proceeds from stock sales and forward transactions would be used to bolster liquidity, repay or refinance debt, and reinvest in its core cinema business under the AMC GO Plan, signaling an effort to stabilize its capital structure while funding theatre upgrades and premium formats.
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.
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.
On December 22, 2025, AMC Entertainment Holdings, Inc. and its wholly owned subsidiary Muvico, LLC reached an agreement with the holders of Muvico’s Senior Secured Exchangeable Notes due 2030 to amend the indenture governing those notes, including changes to the definition of the “Exchange Rate” and to a specific covenant provision. To implement these amendments, AMC, Muvico, other guarantors and GLAS Trust Company LLC, as trustee and notes collateral agent, executed a supplemental indenture on January 12, 2025, formalizing the revised terms of the exchangeable notes, a step that fine-tunes the company’s financing structure and could affect the economic and contractual framework of this debt for both AMC and its noteholders.
The most recent analyst rating on (AMC) stock is a Sell with a $1.30 price target. To see the full list of analyst forecasts on AMC Entertainment stock, see the AMC Stock Forecast page.
On December 22, 2025, AMC Entertainment Holdings, Inc. and its subsidiary Muvico, LLC agreed with the holders of Muvico’s Senior Secured Exchangeable Notes due 2030 to amend the indenture governing those notes, including revising the formula for the exchange rate into AMC common stock and permitting AMC, beginning no earlier than February 2, 2026, to conduct one or more at-the-market equity offerings of up to $150 million in net proceeds during a specified restricted period. In exchange for the noteholders’ consent to these changes, AMC will pay a $6.25 million consent fee in shares of its common stock, with the share count determined by the 60-day volume-weighted average price starting December 22, 2025, a move that provides the company with additional capital-raising flexibility while modestly diluting existing shareholders and adjusting the economics of the exchangeable notes.
The most recent analyst rating on (AMC) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on AMC Entertainment stock, see the AMC Stock Forecast page.
At the 2025 Annual Meeting of Stockholders on December 10, 2025, AMC Entertainment‘s stockholders approved an amendment to double the authorized shares of Class A common stock to 1.1 billion, while removing references to Class B stock and prior stock reclassifications. Despite strong support for several governance amendments, such as declassifying the board and allowing stockholder actions by written consent, these proposals did not pass due to the requirement for a majority of outstanding shares. The election of directors, ratification of the independent auditor, and approval of executive compensation were successful, indicating a mixed outcome for the company’s governance restructuring efforts.
The most recent analyst rating on (AMC) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on AMC Entertainment stock, see the AMC Stock Forecast page.