AMC Entertainment Q3 Highlights: Record Revenue and EBITDA, CEO Sees Box Office at 7-Year High

Movie theater company AMC Entertainment Holdings (NYSE:AMC) reported third-quarter financial results Wednesday after market close.

Here are the highlights.

AMC Q3 Financials

AMC reported third-quarter revenue of $1.711 billion, up 31.6% year-over-year. The revenue total beat Street consensus estimate of $1.544 billion, according to data from Benzinga Pro.

This marked a new quarterly record for revenue for AMC, beating the record previously set in the second quarter. Those two quarters broke the prior record that was set back in the second quarter of 2019.

AMC reported adjusted earnings of 13 cents per share, beating a Street consensus estimate of 4 cents per share.

The company reported adjusted EBITDA of $347.5 million, up 183.7% year-over-year. This marked a quarterly record for adjusted EBITDA, beating a record set back in the fourth quarter of 2017.

"Sometimes short but sweet is the best way to summarize performance," AMC CEO Adam Aron said.

Aron said loyalty programs, premium large format screens and record per patron revenue were factors to help set the records for the quarter.

AMC said it expects to achieve positive free cash flow for full-year 2026.

Attendance was 74.92 million patrons in the quarter, up 28.3% year-over-year. U.S. attendance of 52.13 million was up 23.3%, while International attendance of 22.78 million was up 41.5%.

The company saw strong food and beverage revenue of $589.4 million, up 30.5% year-over-year, with the following food and beverage per patrons:

• United States: $8.85, versus $8.55 last year
• International: $5.61 versus $5.61 last year
• Total: $7.87 versus $7.74 last year

What’s Next for AMC

Aron highlighted the fourth quarter anticipation based on strong results for October and the upcoming slate.

Aron said October domestic box office was up about 35% year-over-year.

Among the future films coming in the fourth quarter are "The Hunger Games: Sunrise on the Reaping," "Dune: Part Three," "Avengers: Doomsday" and "Jumanji: Open World."

"It is an impressive and promising film slate that is a fitting close to a wonderful year for moviegoers. We expect the remaining film slate to propel both the domestic and global box office to their highest full-year levels in seven years," Aron said.

AMC Stock Price Action

AMC stock is down 3.1% to $3.41 in after-hours trading Wednesday versus a 52-week trading range of $0.93 to $3.56. New 52-week highs were set earlier during Wednesday’s trading session.

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