AMC Entertainment announces Q3 earnings per share of 21 cents, falling short of estimates of 22 cents.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 05 2025
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Should l Buy AMC?
Q3 Financial Performance: AMC reported Q3 revenue of $1.30 billion, exceeding the consensus estimate of $1.23 billion, and achieved record admissions revenue per patron of $12.25.
Industry Outlook: CEO Adam Aron expressed optimism for the fourth quarter, predicting it to be the highest-grossing fourth quarter in six years, despite a soft third quarter.
Market Share Growth: AMC significantly increased its market share in the U.S. and improved cash used in operations and free cash flow compared to the previous year.
Future Projections: The company anticipates a dramatically larger box office in 2026, supported by improvements in both AMC's operations and the overall industry performance.
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Analyst Views on AMC
Wall Street analysts forecast AMC stock price to rise
4 Analyst Rating
0 Buy
3 Hold
1 Sell
Hold
Current: 1.220
Low
1.30
Averages
2.02
High
3.00
Current: 1.220
Low
1.30
Averages
2.02
High
3.00
About AMC
AMC Entertainment Holdings, Inc. is a movie exhibition company. The Company is principally involved in the theatrical exhibition business and owns, operates or has interests in theatres primarily located in the United States and Europe. The Company operates through two segments: U.S. markets and International markets. In the U.S. markets segment, it owns, leases or operates theatres in 41 states and the District of Columbia. The International markets segment has operations in or partial interest in theatres in the United Kingdom, Germany, Spain, Italy, Ireland, Portugal, Sweden, Finland, Norway, and Denmark. Its brands include AMC, AMC CLASSIC and others. It also offers food and beverage alternatives beyond traditional concession items, including collectible concession vessels, made-to-order meals, customized coffee, healthy snacks, beer, wine, premium cocktails, and dine-in theatre options. It operates approximately 870 theatres and 9,700 screens across the globe.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Equity Flexibility Expansion: AMC registered an automatic shelf with the SEC allowing for the issuance of various securities, including up to $150 million in Class A common stock, highlighting the company's urgent need for balance sheet flexibility amidst ongoing financial pressures.
- Debt Restructuring Plan: AMC is marketing a $2.5 billion refinancing package to credit investors, which includes a new $750 million term loan aimed at replacing a $2 billion loan due in 2029 and high-interest notes, reflecting the company's strategy to alleviate its post-pandemic debt burden.
- Mixed Technical Signals: Currently trading at $1.24, AMC is 1.64% above its 20-day simple moving average but 2.44% below its 100-day SMA, indicating a mixed technical outlook, with shares down 66.62% over the past year, positioning them closer to their 52-week lows.
- Earnings Preview: AMC is set to report earnings on February 24, with an EPS estimate of a 19-cent loss and revenue forecast of $1.27 billion, while analysts maintain a neutral rating with an average price target of $5.04, reflecting cautious sentiment regarding the company's future performance.
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- Refinancing Initiative: AMC Entertainment is seeking nearly $2.5 billion from credit investors to refinance existing debt, which includes a $2 billion loan due in 2029 and $400 million in 12.75% notes maturing next year, aiming to alleviate financial burdens and improve cash flow.
- Loan Structure: The refinancing package will feature a $750 million Term Loan B and approximately $1.73 billion of other secured debt, which will help the company reduce interest expenses and optimize its capital structure over the coming years.
- Debt Management: According to its latest financial report, AMC carries about $8.2 billion in total debt, and this refinancing is a crucial step in managing its debt to avoid further financial crises and cash flow shortages.
- Financial Institutions Involvement: The debt offering is being managed by Wells Fargo, Deutsche Bank, Citigroup, and Goldman Sachs, whose involvement not only boosts investor confidence but also provides AMC with a broader financing channel.
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- Capital-Raising Expansion: AMC registered an automatic shelf with the SEC, allowing the issuance of various securities, including up to $150 million in Class A common stock, aimed at enhancing liquidity to navigate market pressures.
- Financial Pressure Evident: AMC reported fourth-quarter revenue of approximately $1.29 billion with a net loss of about $127 million for 2025, alongside full-year revenue of around $4.85 billion and a net loss of approximately $632 million, highlighting severe financial challenges amid ongoing losses.
- Weak Stock Performance: AMC shares are trading at $1.37, 9.2% below the 20-day simple moving average and 38.1% below the 100-day moving average, indicating a bearish trend, with a 56.5% decline over the past year.
- Limited Box Office Recovery: Despite a resurgence in attendance following the release of blockbusters like Avatar: Fire and Ash, the positive impact on stock price is overshadowed by financial uncertainties, limiting effective price recovery.
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