AMC Entertainment Holdings posted record second-quarter revenue of $1.60 billion and a surprise adjusted profit of 14 cents per share, sending shares up 16% in premarket trading. Revenue rose 14.2% from a year earlier, beating analyst estimates of $1.47 billion, while adjusted EBITDA jumped nearly 70% to $321.4 million. Attendance increased 13.5% to 71.3 million customers, with admissions revenue reaching $863.1 million and food and beverage revenue climbing to $576.1 million. The broader domestic box office grew 10.7% to approximately $2.99 billion, its best performance in seven years, and AMC's domestic revenue rose 13%, slightly outpacing the market. Despite a GAAP net loss of $11.4 million, driven by derivative and debt-extinguishment losses, the company generated $190.1 million in second-quarter free cash flow and ended June with $778.4 million in cash after raising $285 million through common-stock offerings and reducing corporate borrowings to $3.91 billion.
AMC Entertainment Holdings IncRecord revenue, surprise adjusted profit, and strong free cash flow beat estimates.