Shares in top exhibitor AMC Entertainment tumbled 3% to a multi-year low of $1.16 on Monday after the company reported a 10% drop in attendance during the October-to-December quarter.
Total revenue slipped a fraction to $1.288 billion in the period ended December 31, while net losses per share eased to 25 cents from 35 cents in the year-ago quarter. The top- and bottom-line numbers exceeded Wall Street analysts’ consensus expectations.
Attendance in the quarter totaled a bit more than 56.3 million. For the full year, it fell 2% to 219.4 million.
The official financials come nearly a month after the company previewed its fourth quarter earnings, releasing preliminary results and announcing a refinancing deal with some senior secured debt holders. While AMC has surprised a lot of skeptics for the past few years, making it through the months-long shutdowns of Covid, revamping its investor base and staving off bankruptcy, the exhibitor’s stock started the year below $2 and has steadily declined. Concerns about its debt load, which loomed large in the years leading up to Covid, have returned.
While the fall/holiday quarter saw the release of two mega-hits for Disney in Zootopia 2 and Avatar: Fire and Ash, the overall box office in the period was a little leaner than anticipated. AMC rival Cinemark reported a mixed bag of earnings earlier this month, with its management team calling out the softness of wide releases.
On a full-year basis, North American box office revenue for the full year in 2025 inched up 1.5% over 2024. AMC revenue climbed 5%. CEO Adam Aron said last year “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%
Aron and other executives were scheduled to conduct a quarterly earnings call after the close of Monday’s trading day.
English (US) ·