AMC Entertainment
Operates the world's largest movie-theatre circuit, anchored by premium-format screens across eleven countries.
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Profile
Operates the world's largest movie-theatre circuit, with hundreds of theatres spread across eleven countries split between the United States and Europe. Box-office admissions and food and beverage sales drive most revenue, increasingly concentrated in premium large formats including IMAX, Dolby Cinema, and the proprietary XL at AMC screens.
Operates the world's largest movie-theatre chain, with hundreds of theatres and thousands of screens spread across eleven countries. Most of the footprint sits in the United States; the remainder is concentrated in Europe through the Odeon and Nordic Cinema Group circuits.
Revenue flows from box-office admissions, food and beverage concessions, on-screen advertising through the Screenvision joint venture, and private theatre rentals. A growing share concentrates in premium large formats — IMAX, Dolby Cinema, PRIME at AMC, and the proprietary XL at AMC screen — where per-patron spend runs above the chain average.
The AMC Stubs loyalty program spans a free tier, a paid annual tier, and the A-List monthly subscription, anchoring recurring attendance. The business depends on the studio theatrical release calendar; shorter post-pandemic windows and a multi-year exchangeable-note overhang shape the capital structure.
Company facts
Categories
Key statistics
Year to date +61.5% · Average volume (30d) 35.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 21, 2026 | Needham | Target | $3.50 | |||
| May 19, 2026 | Roth Capital | Target | $2 | $1.50 | ||
| May 6, 2026 | Benchmark | Upgrade | Hold | Buy | ||
| Apr 23, 2026 | Roth Capital | Target | $3.25 | $2 | ||
| Jul 11, 2025 | Wedbush | Upgrade | Neutral | Outperform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 23, 2026Q2 FY26 | — | −$0.02 | — | — | $1.60B | — | −0.44% |
| Jul 20, 2026Q2 FY26 | $0.03 | $0.14 | +366.7% | — | $1.60B | — | −10.57% |
| May 5, 2026Q1 FY26 | −$0.32 | −$0.36 | −12.5% | $979.2M | $1.05B | +6.8% | +3.14% |
| Feb 23, 2026Q4 FY25 | −$0.20 | −$0.18 | +10.0% | $1.27B | $1.29B | +1.6% | +1.74% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $862.5M | $1.40B | $1.30B | $1.29B | $1.05B | $1.60B | |
| Gross profit | $600.5M | $909.7M | $859.2M | $877.3M | $723.4M | $1.05B | |
| Operating income | −$142.7M | $103.0M | −$63.1M | $143.3M | −$44.6M | $238.1M | |
| Net income | −$202.1M | −$4.7M | −$298.2M | −$127.4M | −$117.1M | −$11.4M | |
| Diluted EPS | −$0.47 | −$0.01 | −$0.58 | −$0.25 | −$0.22 | −$0.02 | |
| Gross margin | 69.6% | 65.1% | 66.1% | 68.1% | 69.2% | 65.7% | |
| Operating margin | -16.5% | 7.4% | -4.9% | 11.1% | -4.3% | 14.9% |
Fiscal years (4-quarter sums)FY21 $2.53B · FY22 $3.91B · FY23 $4.81B · FY24 $4.64B · FY25 $4.85B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $778.4M · Total debt $7.72B · Total assets $8.04B · Shareholders' equity −$1.45B
Dividends
No dividends on record.
Ownership
Shares outstanding 892.60M · Float 831.63M · 93.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Pentwater Capital Management LP | 63.64M | 9.99% | 13G | May 15, 2026 |
| BlackRock, Inc. | 56.39M | 6.32% | 13F | Aug 7, 2026 |
| Discovery Capital Management, LLC / CT | 51.80M | 5.80% | 13F | Aug 14, 2026 |
| Peconic Partners LLC | 32.00M | 3.59% | 13F | Aug 14, 2026 |
| UBS Group AG | 31.80M | 6.20% | 13G | Jan 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 19, 2026 | Adam M. Aron | director, officer: CHAIRMAN, CEO & PRESIDENT | +250,000 | $1.38 |
Peers
- Cinemark
Closest direct rival; #2 US chain and a meaningful Latin America operator.
- Netflix
Largest at-home streaming substitute for theatrical moviegoing.
- Walt Disney
Largest studio supplier and a substitute via Disney+ / Hulu home streaming.
- Comcast
NBCUniversal studio and Peacock SVOD compress theatrical windows for AMC.
- Marcus Corporation
Regional US theatre operator concentrated in the Midwest, plus a hotels arm.
- Reading International
Small theatrical operator in the US, Australia, and New Zealand.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| AMC Entertainment | $2.60 | −0.02% | $2.31B | — | — | 0.4 | +14.2% |
| Cinemark | $35.66 | −0.86% | $4.17B | 20.0 | 15.5 | 1.2 | +15.5% |
| Netflix | $81.62 | −0.12% | $340.28B | 25.7 | 23.6 | 7.0 | +13.4% |
| Walt Disney | $108.09 | −0.01% | $187.72B | 22.3 | 14.6 | 1.9 | +7.1% |
| Comcast | $27.08 | +0.09% | $96.03B | 8.8 | 7.7 | 0.8 | −1.2% |
| Marcus Corporation | $29.02 | +0.10% | $895.2M | 39.8 | 38.2 | 1.1 | +12.5% |
| Reading International | $2.01 | 0.00% | $70.3M | — | — | 0.3 | +10.8% |
| Median | 22.3 | 15.5 | 1.2 | +11.6% |








