AI-extracted from the 10-Q filed 2026-07-23 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
AMC revenue rose 14.2% to $1.597B on 13.5% higher attendance, but net loss widened to $11.4M as debt restructuring losses and rising interest expense offset operational gains.
Biggest Revenue Drivers
Admissions$863.1M+13.2% YoY
Attendance increased 13.5% to 71.3M patrons driven by popularity of film releases, partially offset by 0.2% decrease in average ticket price.
Food and beverage$576.1M+15.3% YoY
Increase driven by higher attendance and per-patron spending, up 1.6% to $8.08 from increased pricing and transaction frequency.
Biggest Revenue Drivers
Total revenue: $1,596.7M+14.2% YoY
Admissions$863.1M+13.2% YoY
Attendance increased 13.5% to 71.3M patrons driven by popularity of film releases, partially offset by 0.2% decrease in average ticket price.
Food and beverage$576.1M+15.3% YoY
Increase driven by higher attendance and per-patron spending, up 1.6% to $8.08 from increased pricing and transaction frequency.
Other theatre$157.5M+16.1% YoY
Increases in ticket fees, advertising income, and foreign currency translation rates, partially offset by lower package ticket and gift card expirations.
Largest Expense Items
Film exhibition costs$440.3M+12.3% YoY
Increase driven by higher admissions revenue, partially offset by decrease in film exhibition cost percentage to 51.0% from 51.4%.
Interest expense$136.0M+5.7% YoY
Increased interest expense on New 2029 Notes and New Exchangeable Notes issued in 2025, partially offset by redemption of higher-rate notes.
Operating expense, excluding depreciation and amortization$458.4M0.0% flat
Flat year-over-year; as percentage of revenues decreased to 28.7% from 32.8%, reflecting operating leverage from attendance growth.
Rent$223.8M+0.5% YoY
Slight increase driven by foreign currency translation rates, partially offset by 1.6% decrease in average screens.
Margins: Operating income improved significantly to $238.1M from $92.6M despite flat operating expense, demonstrating strong operating leverage. However, gross margins remained pressured by $18.4M in non-cash NCM exhibitor services agreement interest and elevated corporate borrowing costs, limiting net profitability.
Watch Items from the Filing
Massive debt restructuring charges: $30.1M loss on extinguishment of Odeon Notes due 2027 and $33.0M loss on exchange of New Exchangeable Notes for 142.1M shares, plus $41.3M derivative fair value expense, totaling $104.4M in Q2 non-operating charges.
Share dilution accelerated: 142.1M shares issued in May 2026 to exchange New Exchangeable Notes; 95.3M shares issued in June 2026 registered direct offering at $2.10/share; 105.3M shares issued through at-the-market offering. Outstanding shares reached 892.6M as of June 30, 2026.
Liquidity improved to $778.4M cash with operating cash flow of $106.9M for six months ended June 30, 2026 versus $231.6M outflow in prior year, driven by higher attendance and working capital float, but company notes sustainable net positive cash requires revenues at least in line with pre-COVID levels.
Leverage remains elevated: total corporate borrowings of $3,914.2M principal with maturities concentrated in 2029; Muvico Term Loans at 10.639% and New 2029 Notes at 15.0% (at maximum leverage), creating $275.9M in six-month interest expense versus $248.7M prior year.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About AMC ENTERTAINMENT HOLDINGS, INC. (AMC): stock profile, AI score and financials
AMC ENTERTAINMENT HOLDINGS, INC. (AMC) stock profile, AI quality score, and SEC EDGAR financial data, a Communication Services sector company. 13F Pro's AI-powered ranking engine scores AMC at 44.9/100 on a composite quality score built from its SEC filings, placing it at rank #1,908 of 2,925 stocks — the bottom half of the AI-ranked universe. AMC scores in the top quartile across institutional flow (96.1), revenue scale (78.4). Areas of concern include profitability (19.1) and balance sheet strength (19.8), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), AMC ENTERTAINMENT HOLDINGS, INC. reports quarterly revenue of $1.6B, net income of $-11.4M, an operating margin of 14.9%. Top institutional holders of AMC by reported 13-F value include BlackRock, DISCOVERY CAPITAL MANAGEMENT, / CT, PECONIC PARTNERS, based on the most recent SEC filings. AMC trades on the NYSE exchange and files with the SEC under CIK 1411579. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate AMC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for AMC ENTERTAINMENT HOLDINGS, INC. directly from SEC EDGAR.