AMC earnings analysis
What we found in AMC's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
AMC Entertainment's Q1 2026 results show a notable recovery, with revenue of $1,045.4 million, up 21.2% year-over-year, and an EPS of -0.22, better than expectations. The strong performance was driven by increased attendance and higher average ticket prices, totaling 47.6 million patrons. Management remains optimistic about upcoming releases as they guide for Q2 revenues between $1.1 billion and $1.15 billion.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth
- Revenue increased by $182.9 million to $1,045.4 million, a 21.2% rise compared to $862.5 million in Q1 2025.
- EPS Beat
- Reported EPS was -0.22, surpassing the consensus estimate of -0.33.
- Increased Attendance
- Attendance rose by 13.6%, reaching 47.6 million patrons compared to 41.9 million in Q1 2025.
- Higher Ticket Prices
- Average ticket price increased by 7.5% driven by strong film attractions, contributing to admissions revenue growth.
- Improved Cash Flows
- Net cash used in operating activities showed a significant reduction to $128.5 million from $370.0 million a year earlier.
- Adjusted EBITDA Positive
- Adjusted EBITDA stood at $38.3 million, a recovery from $(57.7) million in Q1 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- High Debt Levels
- Total corporate borrowings now stand at $3,944.1 million, with interest expenses rising to $139.9 million, raising liquidity concerns.
- Market Volatility
- Stock prices have shown significant fluctuations, closing at $1.45 on May 4, 2026, amid ongoing speculative interest.
- Dilution Risk
- Significant share issuances have increased shares outstanding to 612,069,425, raising concerns over stockholder dilution.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.22
- Segment
- U.S. Markets: $740.8M
- Segment
- International Markets: $304.6M
What they said about what is next.
Management expects Q2 2026 revenues between $1.1 billion and $1.15 billion, buoyed by anticipated blockbuster releases.
The filing reads better than the one before it.
What came before.
- 10-K · April 30, 2026
- AMC Entertainment Holdings, Inc. showcased an impressive year despite continuous industry challenges, improving its financial metrics with Adjusted EBITDA increasing to $387.5 million, representing a 12.7%…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing AMC makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever