Q1 26 EPS
$-0.36
MISS 6.92%
Est. $-0.34
Q1 26 Revenue
$1.05B
BEAT +7.90%
Est. $968.8M
vs S&P Since Q1 26
+41.5%
BEATING MARKET
AMC +41.5% vs S&P 0.0%
Market Reaction
Did AMC Beat Earnings? Q1 2026 Results
AMC Entertainment delivered a mixed first quarter for fiscal 2026, posting revenue of $1.05 billion, a 21.2% year-over-year gain that cleared the $968.85 million consensus estimate by 7.90%, while its loss per share of $0.36 fell short of the $0.34 a… Read more AMC Entertainment delivered a mixed first quarter for fiscal 2026, posting revenue of $1.05 billion, a 21.2% year-over-year gain that cleared the $968.85 million consensus estimate by 7.90%, while its loss per share of $0.36 fell short of the $0.34 analyst expectation by 6.92%. The revenue strength was powered primarily by a resurgent North American box office, which climbed 22% year over year and lifted U.S. Attendance to 30.7 million patrons, with international attendance adding another 16.9 million. Adjusted EBITDA swung to positive $38.30 million from negative $57.70 million a year ago, reflecting a $96.00 million improvement that underscores how meaningfully operating leverage is building even as the bottom line remains in the red. Net loss narrowed to $117.10 million from $202.10 million, and some observers remain skeptical about the pace of debt reduction given corporate borrowings of $3.96 billion. Management guided for significantly rising revenues in full-year 2026, citing a robust film slate, expanded theatrical windows from studios including Netflix, and a new live concert initiative launching across more than 300 U.S. Theatres in June.
Key Takeaways
- • North American box office surged 22% year over year in Q1 2026
- • U.S. attendance increased 14.2% to 30.7 million patrons
- • International attendance increased 12.6% to 16.9 million patrons
- • Higher average ticket prices: U.S. at $12.90 (up from $12.31), International at $10.76 (up from $9.50)
- • Food and beverage revenue per patron rose to $7.29 from $6.76
- • Contribution margin per patron improved to $15.19 from $14.33
- • Disciplined cost containment and operating leverage from rising revenues
AMC Forward Guidance & Outlook
AMC expects significantly rising revenues for full year 2026, driven by a robust film slate especially in the second half of the year. Management anticipates a record post-pandemic box office for full year 2026. The company is optimistic about industry momentum, citing renewed studio commitments to increase theatrical releases and extend exclusive theatrical windows to at least 45 days, including from Universal, Paramount, and notably Netflix's planned 49-day theatrical window for Narnia. New multi-year labor agreements with SAG-AFTRA and the Writers Guild ensure content pipeline stability. AMC is also launching its Arena One live concert initiative across 300+ U.S. theatres in June 2026 and continuing to expand premium large format screens.
AMC YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
AMC Revenue by Segment
With YoY comparisons, source: SEC Filings
AMC Revenue by Geography
With YoY comparisons, source: SEC Filings
“I am so very pleased to report that AMC achieved our best Adjusted EBITDA first quarter result since 2019 pre-pandemic, an Adjusted EBITDA improvement of $96 million year over. It was driven not only by strong domestic performance but also by vastly improved international results across our European footprint. These results are a clear testament to our disciplined operating execution in maximizing AMC's revenue growth while simultaneously containing our costs, combined with an unwavering commitment to elevating the moviegoing experience.”
— Adam Aron, Q1 2026 Earnings Press Release
AMC Earnings Trends
AMC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AMC EPS Trend
Earnings per share: estimate vs actual
AMC Revenue Trend
Quarterly revenue: estimate vs actual
AMC Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $-0.34 | $-0.36 | -6.92% | $1.05B | +7.90% |
| Q4 25 BEAT FY | $-0.25 | $-0.25 | +0.00% | $1.29B | +1.50% |
| FY Full Year | $-1.02 | $-1.34 | -31.37% | $4.85B | +0.39% |
| Q3 25 BEAT | $-0.22 | $-0.21 | +2.33% | $1.30B | +5.58% |
| Q2 25 BEAT | $-0.08 | $-0.01 | +86.96% | $1.40B | +4.18% |
| Q1 25 BEAT | $-0.61 | $-0.47 | +22.53% | $862.5M | +3.04% |