AMC Entertainment Reports 21.2% Revenue Growth to $1.045 Billion in Q1 2026

AMC Entertainment Holdings, Inc. reported a significant increase in financial performance for the first quarter of 2026, with total revenues reaching $1.045 billion, a 21.2% increase from $862.5 million in the same period of 2025. The growth was driven by a 22.2% rise in admissions revenue, which totaled $578.4 million, and a 22.5% increase in food and beverage sales, amounting to $347.3 million. The company attributed this growth to a 13.6% increase in attendance, which rose from 41.9 million patrons to 47.6 million, alongside a 7.5% increase in average ticket prices.

Despite the revenue growth, AMC's operating costs also increased, totaling $1.091 billion, up 8.2% from $1.008 billion in the previous year. Film exhibition costs rose by 24.8% to $255.6 million, reflecting the higher admissions revenue. The company reported an operating loss of $45.7 million, a notable improvement from the $145.9 million loss recorded in the same quarter of 2025. The net loss for the quarter was $117.1 million, down from $202.1 million year-over-year, resulting in a loss per share of $0.22 compared to $0.47 in the prior year.

In terms of strategic developments, AMC has been actively managing its capital structure, including equity issuances to enhance liquidity. During the first quarter, the company raised $64.7 million through an at-the-market offering, issuing 55.2 million shares. Additionally, AMC sold part of its investment in Hycroft Mining, generating $29.7 million. The company continues to explore opportunities to retire or purchase outstanding debt and may seek to refinance or restructure its debt as market conditions allow.

Operationally, AMC reported a total of 852 theatres and 9,607 screens as of March 31, 2026. The company has also seen a significant increase in its loyalty program, with approximately 39.4 million member households enrolled in various AMC Stubs programs, representing about 51.5% of U.S. market attendance. The company’s international operations also showed growth, with total revenues increasing by 24.1% to $304.6 million, driven by a 27.7% rise in admissions revenue.

Looking ahead, AMC's management expressed cautious optimism, noting that while the current cash and cash equivalents, along with operational cash flow, are expected to meet obligations in the near term, achieving sustainable net positive cash flows will require revenues to align with pre-COVID-19 levels. The company remains vigilant regarding market conditions, including film release schedules and consumer behavior, which could impact future performance.