AMC Theatres Posts Record Third Quarter Revenue as Box Office Rebound Continues

AMC Entertainment reported sharply higher revenue and a return to profitability for its third quarter on Wednesday, as major releases including Christopher Nolan's The Odyssey and Spider-Man: Brand New Day drew audiences to its theaters.

The world's largest cinema chain said overall revenue climbed 31 percent to $1.71 billion, up from $1.3 billion in the same period of 2025. The gain outpaced the prior quarter, when revenue rose 14 percent to $1.59 billion. AMC posted net income of $109.3 million for the quarter, reversing a net loss of $298.2 million a year earlier, when results were hit mainly by non-cash charges tied to a July 2025 refinancing that fully redeemed 2026 debt maturities.

Adjusted EBITDA reached $347.5 million, compared with $122.5 million a year ago, marking another quarterly record. The company credited both the recovering Hollywood box office and strong demand for premium formats such as Imax, Dolby Cinema, iSense, XL and laser projection screens.

Admissions revenue rose to $953.5 million from $715.1 million a year earlier, while food and beverage sales grew to $589.5 million from $451.8 million. Attendance reached 52 million patrons in the United States, with international markets adding another 22.7 million moviegoers during the quarter.

The results arrive ahead of a critical holiday season, with The Hunger Games: Sunrise on the Reaping, Avengers: Doomsday and Dune: Part Three set to play on AMC screens. They also come as the exhibitor continues working with lenders to manage its heavy debt load, having recently completed refinancings that pushed around $4 billion in debt maturities to 2031 and 2033. AMC has typically had to pledge theaters and related intellectual property as collateral to exchange new debt for existing borrowings.

"After six long years navigating AMC through unchartered waters, we can finally say with relief that we have brought our ship into port," chief executive Adam Aron told analysts on an after-market call. "What you are seeing now is a company proving quarter after quarter what it can achieve when an inspired movie slate combines with a powerful fleet of movie theaters." In an earlier statement, Aron pointed to the company's loyalty programs, its growing number of premium and extra large format auditoriums, cost management and record revenue per patron, adding that success was driven by "a resurgent box office" and market share gains both domestically and internationally.

Aron also addressed Paramount Skydance completing its acquisition of Warner Bros. Discovery, welcoming the enlarged studio's pledge to produce more films with extended theatrical releases. "We're confident that Skydance will do everything in its power to create and deliver appealing movies under both the Warner and Paramount brands going forward," he said.

The CEO reiterated that AMC will show the upcoming sequel The Further Mis-Adventures of Cliff Booth, starring Brad Pitt, on its Imax screens, even as chains including Cinemark and Regal have declined to book the film over Netflix's two-week theatrical window. The movie opens in theaters on Nov. 25 before arriving on Netflix on Dec. 23. AMC's 2027 slate includes two more Netflix titles, Narnia and Charlie and the Chocolate Factory, both with what Aron described as "a full theatrical window."

Aron also said AMC is using artificial intelligence tools in Europe to decide which movies play in which auditoriums, telling analysts that "the financial implications of this, if it works, could be so significant," citing potential labor savings and efficiencies in matching cinemas with the right titles.