AMC Entertainment Holdings, Inc.
- Open
- 2.61
- Day high
- 2.64
- Day low
- 2.55
- Prev close
- 2.64
- Volume
- 5.2M
- Mkt cap
- $2.3B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- -1.6
- P/S
- 0.4
- Yield
- —
- Per share
- —
AMC Entertainment Holdings, Inc. (AMC) is a Communication Services company listed on NYSE. The stock is down 5% over the past year. Drillr has 1 published research article covering AMC.
AMC Entertainment Holdings, Inc. (AMC) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 5 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
AMC earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 20, 2026 | — | $-0.02 | — | $1.6B | — |
| May 5, 2026 | $-0.32 | $-0.36 | -12.5% | $1.0B | +6.8% |
| Nov 5, 2025 | — | $-0.58 | — | $1.3B | — |
| May 7, 2025 | $-0.61 | $-0.58 | +4.9% | $863M | +3.0% |
| Feb 25, 2025 | $-0.16 | $-0.18 | -12.5% | $1.3B | +0.9% |
| Aug 2, 2024 | $-0.10 | $-0.43 | -330.0% | $1.0B | -21.6% |
| Feb 28, 2024 | $-0.70 | $-0.54 | +22.9% | $1.1B | +5.6% |
| May 5, 2023 | $-1.70 | $-1.30 | +23.5% | $954M | +1.3% |
| Feb 28, 2023 | $-2.10 | $-1.40 | +33.3% | $991M | +1.4% |
| Aug 4, 2022 | $-2.70 | $-2.40 | +11.1% | $1.2B | -0.1% |
| Mar 1, 2022 | $-1.90 | $-1.10 | +42.1% | $1.2B | +7.3% |
| May 6, 2021 | $-12.80 | $-14.20 | -10.9% | $148M | -15.4% |
AMC insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 19, 2026 | ARON ADAM Mdirector, officer: CHAIRMAN, CEO & PRESIDENT | Buy | 250,000 | $1.38 |
| Mar 2, 2026 | ARON ADAM Mdirector | Grant | 1,594,478 | — |
| Mar 2, 2026 | ELLIS DANIEL Eofficer: EVP. CHIEF OPS, DEV & MARK OFF | Tax | 78,444 | — |
| Mar 2, 2026 | Gladbach EDWIN Fofficer: SVP, GC AND SECRETARY | Tax | 13,427 | — |
| Mar 2, 2026 | DENSON-RANDOLPH NIKKOLEofficer: SVP, CHIEF US CONTENT OFFICER | Tax | 41,881 | — |
| Mar 2, 2026 | COPAKEN ELLENofficer: SVP, BUSINESS DEVELOPMENT | Tax | 35,617 | — |
| Mar 2, 2026 | WAY MARKofficer: EXECUTIVE VICE PRESIDENT | Grant | 157,136 | — |
| Mar 2, 2026 | DENSON-RANDOLPH NIKKOLEofficer: SVP, CHIEF US CONTENT OFFICER | Grant | 73,346 | — |
| Mar 2, 2026 | Gladbach EDWIN Fofficer: SVP, GC AND SECRETARY | Grant | 26,206 | — |
| Mar 2, 2026 | ELLIS DANIEL Eofficer: EVP. CHIEF OPS, DEV & MARK OFF | Grant | 174,590 | — |
| Mar 2, 2026 | CHAVARRIA CARLA Cofficer: SVP, CHIEF HR OFFICER | Grant | 139,598 | — |
| Mar 2, 2026 | Goodman Sean D.officer: EVP INT'L OPS, CFO & TREASURER | Tax | 166,215 | — |
| Mar 2, 2026 | COX CHRIS Aofficer: SVP, CHIEF ACCOUNTING OFFICER | Grant | 78,592 | — |
| Mar 2, 2026 | COPAKEN ELLENofficer: SVP, BUSINESS DEVELOPMENT | Grant | 73,898 | — |
| Mar 2, 2026 | WAY MARKofficer: EXECUTIVE VICE PRESIDENT | Tax | 73,854 | — |
Source: AMC SEC Form 4 filings, latest May 19, 2026. For informational purposes only — not investment advice.
See the full AMC insider & 13F page →AMC Entertainment Holdings, Inc. company profile
Overview
AMC Entertainment Holdings, Inc. (NYSE:AMC) is one of the world's largest theatrical exhibition companies, founded in 1920 and headquartered in Leawood, Kansas. The company operates approximately 950 theaters with over 10,600 screens across the United States and Europe. AMC went public in 2013 and became widely known during the 2021 "meme stock" phenomenon when retail investors drove significant volatility in its share price. Today, the company is focused on recovering from pandemic-related challenges while investing in premium theater experiences and diversifying its revenue streams beyond traditional movie exhibition.
Business
AMC operates in the theatrical exhibition industry, which serves as the primary distribution channel for major motion pictures before they move to streaming platforms or home video. The company's core business involves owning and operating movie theaters where customers pay admission fees to watch films on large screens in auditoriums equipped with advanced projection and sound systems. The theatrical exhibition industry acts as an intermediary between movie studios (who produce content) and consumers (who want entertainment experiences). Theaters provide a communal viewing experience that cannot be replicated at home, featuring large screens, surround sound, and social atmospheres. The industry has traditionally operated on exclusive theatrical windows - periods when movies are only available in theaters before being released on other platforms. AMC's business consists of two main geographic segments: 1. Domestic Operations (United States): This represents the majority of AMC's revenue and includes hundreds of theaters across major metropolitan areas. The domestic segment generates higher per-patron revenue and margins compared to international operations. 2. International Operations (Europe): AMC operates theaters in several European markets, though this segment faces more competitive pricing pressures and generally lower per-patron spending compared to the U.S. market. Beyond basic movie exhibition, AMC has expanded into premium format experiences including IMAX screens (ultra-large format with enhanced sound), Dolby Cinema (advanced projection and audio technology), and their proprietary formats like PRIME at AMC. The company also operates concession stands selling food and beverages, which have become increasingly important profit centers, and has recently expanded into merchandise sales and retail products like branded popcorn sold in grocery stores.
Revenue model
AMC generates revenue through multiple streams, with admission tickets being the primary source. Customers pay per movie ticket, with pricing varying based on factors like theater location, time of day, movie format (standard vs. premium), and seat type. Premium large format screens command higher ticket prices, contributing significantly to per-patron revenue growth. Food and beverage sales represent the second major revenue stream and often the most profitable. Movie theaters traditionally charge premium prices for concessions like popcorn, candy, and soft drinks, with gross margins typically exceeding 80%. AMC has been innovating in this area with expanded menus, alcoholic beverages, and themed movie merchandise. The company also generates revenue from subscription and loyalty programs. AMC Stubs A-List allows customers to pay a monthly fee for multiple movie tickets, while various loyalty tiers encourage repeat visits and higher spending per visit. Alternative content and partnerships provide additional revenue streams. This includes broadcasting live events like sports games, concerts, and special presentations. AMC also earns revenue from retail partnerships, selling branded popcorn in grocery stores and exploring credit card partnerships. Several factors significantly impact AMC's profitability margins: Positive margin drivers include strong box office performance (more customers spread fixed costs), premium format adoption (higher ticket prices), improved food and beverage attach rates, and operational efficiency improvements. The company benefits from operating leverage - when attendance increases, much of the additional revenue flows to profit since theater operating costs are largely fixed. Negative margin pressures come from weak box office performance (fewer customers to cover fixed costs), competitive pressure from streaming services reducing theatrical windows, rising labor and real estate costs, and the need for continuous technology upgrades to maintain competitive theater experiences. The industry is also sensitive to economic downturns when consumers reduce discretionary entertainment spending.
Competitive moat
AMC's competitive moat is relatively weak and primarily based on scale advantages and prime real estate locations. The company's largest competitive advantage lies in its extensive theater network and strategic locations. Many AMC theaters occupy prime real estate in shopping centers and entertainment districts with long-term leases, creating barriers for new competitors to enter the same markets. The company benefits from economies of scale in negotiations with movie studios for film licensing and with suppliers for equipment and concessions. Larger theater chains can secure better terms and exclusive arrangements that smaller competitors cannot match. AMC's size also provides leverage in lease negotiations and access to capital markets for theater upgrades and expansion. However, AMC faces significant competitive threats that limit the strength of its moat. Streaming services represent the most substantial long-term challenge, as they offer convenient, lower-cost entertainment alternatives and are increasingly securing shorter theatrical windows or bypassing theaters entirely for major releases. Technology companies like Netflix, Amazon, and Apple have vast resources to produce high-quality content and may continue pressuring traditional theatrical distribution models. Alternative entertainment options compete for consumers' leisure time and spending, including gaming, social media, sports events, and other out-of-home activities. The rise of high-quality home theater systems also reduces the differentiation that theaters once provided. Within the theatrical exhibition industry, AMC competes with other major chains like Regal Entertainment and Cinemark, as well as independent theater operators. The industry has limited differentiation beyond location convenience and premium format offerings, making it susceptible to price competition. The company's moat is further weakened by its dependence on external content - AMC cannot control the quality or quantity of movies produced by studios, making its business highly dependent on factors outside its control. Overall, while AMC has some competitive advantages from scale and locations, these provide only modest protection against industry disruption and competitive pressures.
Risks & safety
AMC's margin of safety appears concerning with significant financial risks despite recent operational improvements. Liquidity and Solvency Concerns: - Cash position of $378.7 million as of Q1 2025, down from $632.3 million in Q4 2024 - Negative free cash flow of -$417 million in Q1 2025, though management expects positive free cash flow for April-December 2025 period - Current ratio of 0.42, indicating current liabilities significantly exceed current assets - Total debt and liabilities of $9.8 billion versus total assets of $8.1 billion, creating negative book value Valuation Metrics: - Trading at negative P/E ratios due to net losses - EV/EBITDA of -432x in Q1 2025 due to minimal EBITDA generation - Price-to-book ratio of -0.71, reflecting negative shareholder equity Other Considerations: - Debt reduction progress: $1.34 billion in debt and deferred lease reductions since 2022 - Extended debt maturities to 2029-2030, providing some breathing room - Improved per-patron economics showing operational progress - High dependence on box office recovery and external content pipeline
Recent development
Over the past few years, AMC has implemented its "AMC GO Plan" as a comprehensive strategy to enhance theater experiences and improve financial performance. The plan focuses on expanding premium large format screens, with over 600 currently operating and plans to grow to over 1,000 screens. The company is particularly emphasizing its new XL at AMC screens, targeting 250 locations by the end of 2026, and has partnered with CJ 4DPLEX to add 40 4DX and 25 ScreenX immersive auditoriums. AMC has significantly enhanced its loyalty and subscription programs. The company launched AMC Stubs Premiere GO with over 300,000 members and improved its A-List subscription service by increasing weekly movie access from 3 to 4 titles, lowering the minimum age from 16 to 13, and introducing an A-List Classic tier. These programs aim to increase customer retention and spending frequency. The company has pursued aggressive financial restructuring to improve its balance sheet. AMC reduced debt and deferred leases by $1.34 billion since 2022, extended debt maturities from 2026 to 2029-2030, and raised approximately $262 million from stock sales in 2024. This restructuring provides more financial flexibility and reduces near-term liquidity pressures. Revenue diversification has become a key strategic focus. AMC expanded its food and beverage offerings with MacGuffins Bars, movie-themed drinks, and Dippin' Dots rollout. The company has grown its merchandise sales from near-zero to a projected $75 million in 2025 and launched retail popcorn sales in grocery stores. AMC is also exploring alternative content like sports broadcasts and concert films to utilize theater capacity beyond traditional movie showings. Technology investments include expanding laser projection to nearly 40% of the U.S. circuit, introducing premium Club Rocker seating in high-traffic theaters, and testing automated craft cocktail equipment. These improvements aim to justify premium pricing and enhance the overall customer experience to compete more effectively with home entertainment options.
AMC company profile · for informational purposes only — not investment advice.
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