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
+70.8%
BEATING MARKET
AMC +76.2% vs S&P +5.4%
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 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
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $-0.02 | $0.14 | +938.32% | $1.60B | +6.58% |
| 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% |