AMC Sets Second Straight Record Quarter in Revenue and Ebitda

The Tip Desk · November 11, 2026 · 3 min read

Third-quarter revenue reached $1.71 billion and Adjusted EBITDA $347.5 million, with a $109.3 million net profit.

AMC Entertainment Holdings (AMC) reported third-quarter revenue of $1,711.1 million, up 31.6% from $1,300.2 million a year earlier, an all-time quarterly record and the second consecutive record-setting quarter after the second quarter of 2026.

Adjusted EBITDA was $347.5 million, up 183.7% from $122.5 million a year earlier, also an all-time quarterly high. Adjusted EBITDA margin reached 20.3%. The company said the prior all-time quarterly revenue record had been set in the second quarter of 2019 and the Adjusted EBITDA record in the fourth quarter of 2017.

Year-over-year growth accelerated from the prior quarter. Second-quarter revenue of $1,596.7 million had risen 14.2% from a year earlier, and second-quarter Adjusted EBITDA of $321.4 million had risen 69.6%. GAAP results inflected as well: net earnings were $109.3 million, or $0.12 a share, after a $298.2 million loss, or $0.58 a share, in the year-ago quarter. Operating income was $248.7 million.

Chairman and Chief Executive Officer Adam Aron said the results reflected a resurgent box office, market-share gains in domestic and international markets, and all-time record revenue per patron. Attendance rose to 74.917 million patrons from 58.377 million a year earlier. U.S. attendance was 52.133 million and international attendance 22.784 million. Consolidated average ticket price was $12.73. U.S. ticket price was $13.55 and international $10.84. Average screens were 9,177.

U.S. markets revenue was $1,299.1 million and U.S. Adjusted EBITDA $275.0 million. International markets revenue was $412.0 million and international Adjusted EBITDA $72.5 million. Admissions revenue was $953.5 million, food and beverage $589.4 million, and other theatre $168.2 million.

Free cash flow was $109.3 million. Operating cash flow was $176.6 million. Cash and cash equivalents were $751.9 million at September 30, 2026, excluding $39.6 million of restricted cash. Corporate borrowings were $3,747.4 million.

On October 5, 2026, AMC completed a $3.97 billion refinancing covering about 97% of its debt, extending maturities to 2031 and 2033. The company issued $2.0 billion of 8.875% first-lien notes due 2031, entered an $850 million first-lien term loan and a $1.12 billion second-lien term loan, and used net proceeds to retire 2029 senior secured notes, Muvico’s 2029 notes and existing term loans. Aron said major credit rating agencies had upgraded AMC’s credit rating.

Aron said October domestic box office was up approximately 35% from the same month last year and that the remaining film slate, including titles in November and December, is expected to propel both the domestic and global box office to their highest full-year levels in seven years. He said the company expects positive annual free cash flow for full-year 2026.