AMC EARNINGS 🚨🔥
@CEOAdam will have the last laugh😂
Financial Highlights (vs. Q1 2025)
• Total Revenues: $1,045.4 million (+21.2% from $862.5 million)✅
• Net Loss: $(117.1) million (improved from $(202.1) million)✅
• Adjusted EBITDA: $38.3 million (vs. negative $(57.7) million) — best Q1 since 2019 pre-pandemic (+$96 million YoY)✅
• Net Cash Used in Operating Activities: $128.5 million (improved from $370.0 million)✅
• Free Cash Flow: $(174.7) million (improved from $(417.0) million)✅
• Adjusted Net Loss: $(194.3) million (improved from $(250.0) million)✅
• Diluted Loss per Share: $(0.22) (vs. $(0.47))✅
• Adjusted Diluted Loss per Share: $(0.36) (vs. $(0.58))
Constant Currency:✅
• Revenues: $1,015.6 million (+17.8%)✅
• Adjusted EBITDA: $35.9 million (improved by $93.6 million)
Operating Metrics
• Attendance: 47,622 thousand (+13.6% from 41,903 thousand)✅
• U.S. Markets: 30,733 thousand (+14.2%)✅
• International Markets: 16,889 thousand (+12.6%)✅
• Average Screens: 9,310 (vs. 9,430, -1.3%)✅
CEO Adam Aron’s Key Comments
• Strongest Q1 Adjusted EBITDA in 7 years, driven by revenue growth, cost control, and operating leverage.✅
• North American box office surged 22% YoY in Q1 2026 — strongest since pre-pandemic.✅
• Optimistic on full-year 2026: Expect rising revenues, record post-pandemic box office, boosted by strong film slate (e.g., Project Hail Mary, The Super Mario Galaxy Movie, Michael, The Devil Wears Prada 2, and more in H2).✅
• Industry tailwinds: Studios increasing theatrical releases, extending windows (≥45 days), Netflix’s theatrical push (e.g., Narnia with 49-day window), and new labor peace with SAG-AFTRA/WGA. ✅
Balance Sheet & Capital Markets Actions
• Cash & Equivalents: $339.2 million (as of March 31, 2026; excludes $41.7 million restricted cash).✅
• Refinanced $400M debt (extended maturity to 2031, reduced interest expense).
✅
• Converting ~$155.8M of 1.5%
exchangeable notes due 2030 into equity✅.
• Raised ~$72M via at-the-market (ATM) equity program.✅
• Sold Hycroft Mining shares: ~$30M in Q1 (at avg. $42.40/share); total ~$54M realized vs. $27.9M invested; retains ~129.5K shares.✅
Innovations & Strategic Moves
• Arena One at AMC: Launching June 2026 in >300 U.S. theatres — live concerts alongside movies.✅
• Continues adding premium screens (already industry leader).✅