AMC · AMC Entertainment Holdings, Inc.

AMC Entertainment Holdings reported record second-quarter results for 2026, with total revenue of $1,596.7 million and Adjusted EBITDA of $321.4 million, both the highest in the company's 106-year history. Revenue grew 14.2% year-over-year, driven by a 13.5% increase in attendance to 71.3 million patrons, reflecting strong industry box office momentum. The domestic box office reached approximately $2.99 billion in the quarter, the fifth-biggest quarter ever, and AMC's U.S. markets revenue grew even faster at 13.0%. International markets revenue rose 19.2% (or 13.8% on a constant currency basis), with Adjusted EBITDA surging 336.7% to $35.8 million, highlighting substantial margin improvement in Europe. Consolidated Adjusted EBITDA margin expanded from 13.6% to 20.1%, driven by operating leverage on higher revenues and disciplined cost management. Net loss widened to $11.4 million from $4.7 million, primarily due to $63.1 million in losses on debt extinguishment and mark-to-market derivative losses of $51.1 million, partially offset by improved operating income of $238.1 million versus $92.6 million. Free cash flow more than doubled to $190.1 million, and cash and equivalents rose to $778.4 million. Management highlighted the successful refinancing of $400 million of debt and approximately $285 million raised via equity offerings, reducing principal debt by $1.7 billion since 2020 and extending maturities to 2029. CEO Adam Aron noted that the record results demonstrate inherent operating leverage and that the strong slate ahead—including 'The Odyssey' and 'Spider-Man: Brand New Day'—positions AMC for its best post-pandemic year in 2026.