AMC Entertainment reported record quarterly revenue of $1.60 billion in the second quarter, beating analyst expectations and posting a surprise adjusted profit. The company posted adjusted earnings of 14 cents per share for the quarter ended June 30, well ahead of the 6-cent loss analysts had been forecasting. Revenue surpassed consensus estimates of $1.47 billion, and AMC shares surged 16.5% before the opening bell. The quarter featured six films that each surpassed $75 million at the domestic box office in their opening weekends, with U.S. theater attendance up 12% and European attendance up approximately 18% year over year. Total domestic revenues grew 13%, outpacing the broader domestic box office which rose 10.7% to approximately $2.99 billion, the largest box office quarter in seven years. Adjusted EBITDA margin expanded to 20.1% from 13.6% a year earlier. For the first half of 2026, revenues are up 16.9% and adjusted EBITDA reached $359.7 million, up from $131.8 million in the first half of 2025. CEO Adam Aron attributed the results to market position, premium offerings, marketing, and cost controls. During the quarter, AMC refinanced $400 million of debt, extending maturities by four years, raised approximately $285 million through equity offerings, and eliminated or initiated the elimination of approximately $282 million of debt, actions expected to reduce annual cash interest expense by $16 million and potentially cut annual interest expense by an additional $51 million if current leverage and benchmark rates hold. The company has no expected debt maturities until 2029.
AMC Entertainment Holdings IncRecord revenue, surprise profit, and debt refinancing/equity raise improve financial health.