AMC Entertainment reported record third-quarter AMC Theatres revenue of $1.71 billion, a 31 percent increase from $1.3 billion a year earlier, as a stronger Hollywood slate and premium auditoriums lifted the exhibitor.
Profit Swing and Record EBITDA
The company posted net income of $109.3 million for the quarter, reversing a year-earlier net loss of $298.2 million. That loss had been driven mainly by non-cash charges tied to a July 2025 refinancing that fully redeemed 2026 debt maturities. Adjusted EBITDA reached $347.5 million, compared with $122.5 million a year earlier, marking another quarterly record for AMC.
Premium Screens and Attendance Fuel Gains
AMC benefited from the ongoing box office rebound and from demand for immersive formats including Imax, Dolby Cinema, iSense, XL and laser-projection auditoriums. Admissions revenue rose to $953.5 million from $715.1 million, while food and beverage concession revenue climbed to $589.5 million from $451.8 million.
U.S. attendance totaled 52 million patrons, with international markets adding 22.7 million cinema-goers.
CEO Points to Loyalty Programs and Market Share
CEO Adam Aron said in a statement that the results reflected loyalty programs, a growing number of premium large format and extra large format auditoriums, disciplined cost management and operating leverage. He also cited market share gains in domestic and international markets and record revenue per patron.
On an after-market analyst call, Aron said the company had navigated six difficult years and had finally brought its ship into port. He described the quarter as evidence of what AMC can achieve when a strong movie slate meets its theater fleet.
Debt Refinancing and Upcoming Slate
The results come as AMC works with lenders to gain flexibility to refinance its high debt load and reduce interest expense. The company recently completed refinancings that pushed roughly $4 billion in debt maturities to 2031 and 2033. Such transactions typically involve putting up theaters and related intellectual property as collateral.
AMC faces a key holiday-season test with The Hunger Games: Sunrise on the Reaping, Avengers: Doomsday and Dune: Part Three scheduled for its screens.
Studio Consolidation and Netflix Titles
Aron commented on Paramount Skydance completing its acquisition of Warner Bros. Discovery and highlighted the enlarged studio’s pledge to produce more movies with extended theatrical releases. He said he was confident Skydance would deliver appealing films under both the Warner and Paramount brands.
He also reiterated that AMC will show the upcoming sequel to Once Upon a Time in Hollywood, The Further Mis-Adventures of Cliff Booth, on its Imax screens. The Brad Pitt film is set to debut in theaters on Nov. 25 and reach Netflix on Dec. 23. Cinemark and Regal declined to release the film themselves because of Netflix’s two-week release window.
Aron said AMC will have two other Netflix movies on its 2027 slate, Narnia and Charlie and the Chocolate Factory, both with full theatrical windows.
AI Tools in Europe
AMC is also using AI tools in Europe to decide which movies go into which auditoriums. Aron told analysts that the financial implications could be significant if the approach works, citing potential labor savings and better targeting of cinemas with the right titles.
