AMC ENTERTAINMENT HOLDINGS (AMC) Company Report

AMC Entertainment Holdings, Inc. announced an agreement with certain holders of its Muvico, LLC Senior Secured Notes due 2029, providing flexibility to refinance its existing term loan credit agreement and 12.75% Odeon Senior Secured Notes due 2027 to extend maturity and reduce interest expense.
As consideration for the agreement, AMC will pay a consent fee to the 2029 Noteholders, which will be a maximum of up to 17,806,866 shares of Class A common stock, with the total Consent Premium valued at $18,919,794.32.
For the three months ended December 31, 2025, preliminary results include total revenues of approximately $1,288.3 million, a net loss of approximately $(127.4) million, and Adjusted EBITDA of approximately $134.1 million. Cash and cash equivalents at December 31, 2025, were $428.5 million, excluding restricted cash.
For the full year ended December 31, 2025, preliminary results show total revenues of approximately $4,848.9 million, a net loss of approximately $(632.4) million, and Adjusted EBITDA of approximately $387.5 million.

Jan 29, 2026, 12:03 PM

8-K

AMC Entertainment Holdings Announces Debt Refinancing Agreement and Preliminary Q4 and Full Year 2025 Results

AMC

Debt Issuance

Earnings

Guidance Update

AMC Entertainment Holdings has reached an agreement with lenders to provide debt refinancing flexibility for its Muvico, LLC Senior Secured Notes due 2029, with the goal of extending maturity and reducing interest expense.
Preliminary results for the fourth quarter ended December 31, 2025, include total revenues of approximately $1,288.3 million, a net loss of approximately $(127.4) million, and Adjusted EBITDA of approximately $134.1 million.
For the full year ended December 31, 2025, preliminary results show total revenues of approximately $4,848.9 million, a net loss of approximately $(632.4) million, and Adjusted EBITDA of approximately $387.5 million.
The company reported cash and cash equivalents of $428.5 million as of December 31, 2025.
AMC's CEO expressed optimism for 2026, noting the first quarter box office year-to-date is approximately 9% ahead of the same period last year, with a strong film slate expected to drive significant industry growth.

Jan 29, 2026, 11:59 AM

Press Release

AMC Theatres and Netflix Announce Successful Theatrical Collaboration

AMC

New Projects/Investments

Revenue Acceleration/Inflection

AMC Theatres successfully collaborated with Netflix to screen the Stranger Things series finale in 231 U.S. theatres on New Year's Eve and New Year's Day, attracting over 753,000 fans.
This event generated more than $15.0 million in two days from mandatory $20 per-person food and beverage credits.
Following this success and a prior collaboration for Netflix's KPop Demon Hunters, both companies are actively discussing additional programming to be shown on AMC's screens in 2026 and beyond.
This partnership is supported by a significant overlap in customer base, as approximately two-thirds of AMC Stubs loyalty program members in the U.S. are also Netflix subscribers.

Jan 2, 2026, 2:09 PM

Press Release

AMC Reports Strong Holiday Attendance Amid Financial Headwinds

AMC

Demand Weakening

AMC Entertainment reported over 5.5 million moviegoers visited its global theaters from December 25-28, marking the company's second-busiest Thursday-through-Sunday weekend of 2025.
Internationally, AMC's ODEON locations attracted over 1.7 million patrons, making it the busiest international weekend of the year for the company.
Despite the strong holiday turnout, AMC continues to face financial headwinds, including a negative operating margin and a distressed Altman Z-Score.
AMC's market capitalization was approximately $866.88 million.
The company operates approximately 860 theatres and 9,600 screens globally, maintaining its position as the largest movie exhibition company worldwide.

Dec 29, 2025, 12:05 PM

Morningstar

AMC Entertainment Reports Strong Holiday Weekend Performance

AMC

New Projects/Investments

Revenue Acceleration/Inflection

AMC Entertainment achieved its best pre-Christmas holiday weekend since 2021, with over 4 million moviegoers visiting AMC and ODEON Cinemas locations from Thursday through Sunday.
This strong performance was driven by the successful opening of "AVATAR: FIRE & ASH" in AMC’s U.S. theatres and internationally at ODEON Cinemas.
The film "Avatar: Fire and Ash" also contributed to IMAX's biggest opening weekend of 2025, generating $43.6 million globally and marking its fifth biggest debut in IMAX history.

Dec 22, 2025, 8:09 PM

Press Release

AMC Entertainment Reports Strong Pre-Christmas Holiday Weekend Performance

AMC

Revenue Acceleration/Inflection

Product Launch

AMC Entertainment achieved its best pre-Christmas holiday weekend since 2021, with over 4 million moviegoers visiting AMC or ODEON Cinemas from Thursday, December 18, through Sunday, December 21.
The strong performance was primarily driven by the opening of AVATAR: FIRE & ASH, which generated $88 million domestically and $345 million globally.
Approximately 67% of AMC U.S. admissions revenue for AVATAR: FIRE & ASH came from IMAX 3D, Dolby Cinema 3D, and RealD 3D screenings.
The domestic box office showed significant depth, with five different movie titles each estimated to have earned at least $14 million over the weekend.

Dec 22, 2025, 12:40 PM

Press Release

AMC Amends Exchangeable Notes Terms and Plans Equity Offering

AMC

Convertible Preferred Issuance

Equity Issuance

On December 22, 2025, AMC Entertainment Holdings, Inc. and its subsidiary Muvico, LLC, along with Exchangeable Noteholders, agreed to amend the indenture governing Muvico's Senior Secured Exchangeable Notes due 2030.
The amendments permit AMC to conduct "at-the-market" (ATM) offerings of Common Stock for cash, for aggregate net proceeds not exceeding $150,000,000, starting no earlier than February 2, 2026.
In consideration for these amendments, AMC will pay the Exchangeable Noteholders a Consent Fee of $6,250,000 in shares of AMC common stock.

Dec 22, 2025, 11:51 AM

8-K

AMC Entertainment Holdings, Inc. Increases Authorized Class A Common Stock and Reports Proxy Vote Outcomes

AMC

Proxy Vote Outcomes

Board Change

AMC Entertainment Holdings, Inc. stockholders approved an amendment to increase the total number of authorized shares of Class A common stock from 550,000,000 to 1,100,000,000 shares at the 2025 Annual Meeting of Stockholders held on December 10, 2025.
The Fourth Amended and Restated Certificate of Incorporation, reflecting this change, was filed with the Secretary of State of Delaware on December 10, 2025. The company's total authorized capital stock now stands at 1,150,000,000 shares, consisting of 1,100,000,000 shares of Class A Common Stock and 50,000,000 shares of Preferred Stock.
The proposal for the Share Increase was approved with 85.6% of votes cast For.
Other significant governance proposals, including declassifying the Board of Directors and eliminating the prohibition against stockholders acting by written consent, failed to pass as they required a majority of outstanding shares for approval.

Dec 11, 2025, 9:35 PM

8-K

AMC Entertainment Holdings, Inc. Announces Results of 2025 Annual Meeting of Stockholders

AMC

Proxy Vote Outcomes

Board Change

Executive Compensation

At its 2025 Annual Meeting of Stockholders held on December 10, 2025, AMC Entertainment Holdings, Inc. stockholders failed to approve proposals to declassify the Board of Directors, eliminate the prohibition against stockholders acting by written consent, and remove limitations on stockholders' ability to call special meetings, despite over 90% support from votes cast, because these proposals did not receive a majority of outstanding shares.
Stockholders approved the amendment of the Certificate of Incorporation for the Share Increase.
Adam Aron, Howard "Hawk" Koch, Jr., and Dr. Anthony Saich were elected as Class II director nominees for terms expiring at the Company's 2028 annual meeting.
The appointment of Ernst & Young, LLP as the independent registered public accounting firm for fiscal year 2025 was ratified, and the non-binding advisory vote on executive compensation was approved.

Dec 11, 2025, 9:30 PM

Press Release

AMC Entertainment Holds 2025 Annual Shareholder Meeting, Approves Share Increase, Rejects Board Declassification

AMC

Proxy Vote Outcomes

Board Change

Executive Compensation

At the 2025 Annual Shareholder Meeting on December 10, 2025, AMC Entertainment reported that approximately 301 million shares, representing about 59% of outstanding shares, were voted prior to the meeting.
Shareholders approved the proposal to increase the total number of authorized shares of common stock.
Proposals to declassify the board of directors, eliminate the prohibition against stockholders acting by written consent, and remove the limitation on stockholders' ability to call special meetings failed to obtain the required majority of outstanding stock.
Adam Aron, Hawk Koch, and Anthony Saich were elected as Class Two directors, and the appointment of Ernst & Young LLP as the independent public accounting firm for 2025 was ratified.