Companies /Communication Services

AMC Entertainment Holdings Inc - Class A

NYSE: AMC Entertainment
$2.71
â–² $0.10 (+3.64%) today
Markets closed · 5:02pm ET

Q4 2025 Earnings

Reported Feb 23, 2026, 7:43am ET · SEC source
$-0.25
Beat +0.00%
EPS · est. $-0.25
$1.3B
Beat +1.50%
Revenue · est. $1.3B
−10.2%
Trailing market
AMC vs S&P since report
1 quarter
Consecutive EPS beats

Market Reaction

% change · around the report
−4%−2%0+2%Feb 23Feb 24report 7:43am ETearnings+0.2%−1.3%
−4%−2%0+2%Feb 23Feb 24earnings+0.2%−1.3%
AMC −1.3%S&P 500 +0.2%
−4%−2%0+2%Feb 23Feb 24report 7:43am ETearnings+0.5%−1.3%
−4%−2%0+2%Feb 23Feb 24earnings+0.5%−1.3%
AMC −1.3%NASDAQ +0.5%
−6%−3%0Feb 23Mar 3report 7:43am ETearnings−1.6%−5.0%
−6%−3%0Feb 23Mar 3earnings−1.6%−5.0%
AMC −5.0%S&P 500 −1.6%
−6%−3%0Feb 23Mar 3report 7:43am ETearnings−1.5%−5.0%
−6%−3%0Feb 23Mar 3earnings−1.5%−5.0%
AMC −5.0%NASDAQ −1.5%
−4.17%
Day of report
+1.74%
Next session
−0.87%
One week
−13.91%
30 days

S&P 500 over the same 30 days: −3.75%.

Did AMC Beat Earnings? Q4 2025 Results

AMC Entertainment delivered a deeply mixed fourth quarter, posting a loss that caught Wall Street well off guard even as revenues managed a narrow beat. The company reported Q4 2025 EPS of -$0.25, missing the consensus estimate of -$0.04 by a striking 551.04%, while revenue of $1.29 billion edged 1.50% above expectations despite falling 1.4% year over year. The core culprit behind the earnings shortfall was $142.20 million in Q4 interest expense tied to AMC's substantial debt load, which overwhelmed an operating income line that came in at a near-breakeven $100,000. Attendance slipped 9.8% to 56.3 million patrons, though AMC set all-time per-patron records in admissions and food and beverage revenue, with the average ticket price rising to $12.46 from $11.56. Reports of an aggressive cost-cutting push, including closing underperforming theaters, add further context to the restructuring narrative. Looking ahead, management pointed to January 2026 North American box office trends running approximately 16% ahead of the prior year and a blockbuster slate, including Spider-Man: Brand New Day and Avengers: Doomsday, as reasons for cautious optimism.

Key Takeaways
  • All-time per-patron records in admissions revenue, food and beverage revenue, and total revenue for both Q4 and full year
  • Record-setting contribution margin per patron of $15.58 in Q4 (up from $14.05) and $14.80 for full year (up from $13.80)
  • Average ticket price increased to $12.46 from $11.56 year-over-year in Q4
  • Food and beverage revenue per patron rose to $7.75 from $7.15 in Q4
  • Portfolio optimization and operating improvements
  • Premium large-format offerings and enhanced food and beverage choices

“2025 marked another important step forward for AMC. The North American box office improved modestly year‑over‑year, rising approximately 1.5%, while AMC once again outperformed, growing total revenue by 4.6% and Adjusted EBITDA by nearly 13% compared to 2024. This outperformance reflects our relentless focus on operating improvements and portfolio optimization and further demonstrates our leadership in the guest experience through world‑class marketing and loyalty programs, innovative food and beverage variety, and best‑in‑class premium large‑format offerings.”

AMC Entertainment CEO, on the earnings call

Forward Guidance & Outlook

AMC expressed increasing optimism for 2026 and beyond, noting that studio partners are poised to deliver more titles. The January 2026 North American box office was approximately 16% ahead of the prior year, with European box office growth even more significant. The company highlighted an upcoming movie slate including Spider-Man: Brand New Day, Avengers: Doomsday, Moana, Dune: Part Three, and The Odyssey, and anticipates significant industry growth for the remainder of 2026. AMC also expects to complete refinancing of its $400 million Odeon Senior Secured Notes and $2 billion Term Loan in Q1 2026, which should simplify its capital structure and reduce future cash interest costs.

AMC YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$400.0M$800.0M$1.2B$1.3B$1.3BRevenue$877.5M$113.9MGross Profit$4.7M$100,000Operating Income$-120,132,013$-127,400,000Net Income
$0$400.0M$800.0M$1.2BRevenueGross ProfitOperating IncomeNet Income

AMC Revenue by Segment

U.S. Markets$969.0M
Admissions$701.6M
Food and Beverage$436.5M
International Markets$319.3M
Other Theatre$150.2M

AMC Revenue by Geography

United States$969.0M
Europe$319.3M
Rest of World

Figures from SEC filings and company reports. Not investment advice.