“Adjusted EBITDA marked our second highest quarterly achievement in the history of our company trailing only 2Q of 2019, which included Avengers Endgame”（CEO）
“Domestic concession revenue... is the first time we have exceeded $300 million in concession revenue in a single quarter”（CFO）
“We delivered $232 million of adjusted EBITDA and expanded our adjusted EBITDA margin by 530 basis points to 24.7%”（Melissa Thomas, CFO）
“We continue to sustain strong market share gains compared with pre-pandemic levels”（Melissa Thomas, CFO）
“The 2026 film slate is already shaping up to be an incredible year”（CEO）
Topic: M&A strategy and deferred maintenance cost cadence
Key points:
M&A is a potential channel for circuit optimization and growth; company prefers deepening penetration in existing markets to leverage infrastructure, relationships, and market knowledge.
Other factors considered: scale, strategic importance, competitive positioning, market profile; deeper entry into urban areas is of interest if returns profiles and financial accretive confidence are present.
Deferred maintenance one-time item: $8M–$10M total impact in utilities line item for the year; ~$4M impacted Q2 (half of total spend incurred through first two quarters); ~half left for remainder of year.
Remaining deferred maintenance spend cadence: more heavily weighted to Q3 than Q4.
Mgmt stance: Neutral on M&A (open but disciplined, targeting financially accretive investments without straining balance sheet); neutral on deferred maintenance (clear quantification and cadence provided, no directional commentary).