AMC posts record Q3 revenue

AMC Entertainment reported a sharp increase in box office and revenue for the third quarter on Wednesday. The company’s financial results were driven by the release of Christopher Nolan’s The Odyssey and Spider-Man: Brand New Day. These releases contributed to a surge in attendance and spending at AMC locations across the United States and internationally.

Total revenue for the quarter reached $1.71 billion, a 31 percent increase from the $1.3 billion recorded in the same period of 2025. This figure also exceeded the $1.59 billion posted in the second quarter. The company reported a net income of $109.3 million for the quarter. This marks a shift from a net loss of $298.2 million in the previous year. The improved bottom line is largely attributed to non-cash charges related to a refinancing deal completed in July 2025.

Adjusted EBITDA rose to $347.5 million, up from $122.5 million in the year-ago quarter. This represents another quarterly record for the exhibitor. AMC attributes this growth to a wider availability of high-profile films and increased demand for premium screen experiences. The chain offers various immersive formats, including Imax, Dolby Cinema, iSense, XL, and laser projection-equipped screens.

Total admissions revenue climbed to $953.5 million, compared to $715.1 million in the prior year. Food and beverage concession revenues also increased, reaching $589.5 million from $451.8 million. Attendance figures show a strong recovery in both domestic and overseas markets. U.S. venues saw 52 million patrons during the quarter, while international locations attracted 22.7 million cinema-goers.

CEO Adam Aron stated that the company has finally stabilized after six years of financial challenges. He told analysts on an after-market call that the current performance proves the company can achieve results when a strong film slate meets a capable theater fleet. Aron noted that the success was driven by a resurgent box office and market share gains in both domestic and international markets.

The company continues to work with lenders to reduce its debt load and lower interest expenses. Recent refinancings have pushed approximately $4 billion in debt maturities to 2031 and 2033. These deals required AMC to pledge theaters and related intellectual property as collateral. The new structure aims to provide the chain with greater flexibility to pay down long-term borrowings.

Aron commented on the recent acquisition of Warner Bros. Discovery by Paramount Skydance. He expressed confidence that the combined studio will produce more movies with extended theatrical release windows. AMC plans to release the sequel to Once Upon a Time in Hollywood, titled The Further Mis-Adventures of Cliff Booth, on its Imax screens. The film will debut in theaters on Nov. 25 before arriving on Netflix on Dec. 23.

The CEO also mentioned that AMC is using artificial intelligence tools in Europe to program movie showtimes. The company uses these tools to determine which films are best suited for specific auditoriums. Aron suggested that if the technology proves effective, it could lead to substantial labor savings and improved efficiency in matching titles to cinemas.