EarningsQ2 2026 Earnings Report
MX:AMC Q2 2026 EPS Results
Actual EPS-$0.37
Consensus EPS$0.07
Beat/MissMissed by -$0.44
One Year Ago EPS$0.00
MX:AMC Q2 2026 Revenue Results
Actual Revenue$29.21B
Expected Revenue$27.50B
Beat/MissBeat by +$1.71B
YoY Revenue Growth+14.22%
Earnings Announcement Details
QuarterQ2 2026
Date07/20/2026
TimeBefore Open
Conference CallMonday, July 20, 2026
MX:AMC Upcoming Earnings
AMC Entertainment's next earnings date is estimated for November 11, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:AMC Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a distinctly positive operational and financial trajectory: record quarterly revenue and adjusted EBITDA, strong attendance growth, improved margins, meaningful free cash flow generation, and clear balance sheet actions that materially reduced near-term maturities and interest cost. Management highlighted structural improvements (premium formats, loyalty/subscription growth, portfolio optimization) that support higher profit per patron and operating leverage. Remaining challenges include attendance still below 2019 levels, elevated leverage relative to the company’s 3x target, seasonality and not-yet full-year free-cash-flow positivity, reliance on a strong film slate, and near-term cash uses and prior equity raises. On balance, the highlights materially outweigh the lowlights.Company Guidance
Record Revenue and Adjusted EBITDA
Total Q2 2026 revenue ~ $1.6 billion, up 14.2% year-over-year; adjusted EBITDA of $321.4 million, up 70% YoY and the highest quarterly adjusted EBITDA in AMC's 106-year history; adjusted EBITDA margin expanded to 20.1% from 13.6% (+650 basis points).
Strong Attendance and Market Share Gains
More than 71 million guests visited AMC theaters in Q2 (+13.5% YoY); domestic box office rose 10.7% year-over-year while AMC U.S. admissions revenue increased 11.4% (~70 bps ahead of industry); European attendance increased ~17.9% YoY.
Significant Free Cash Flow and Cash Balance
Generated free cash flow of $190.1 million in Q2 2026; cash on hand at quarter end $778 million (excluding restricted cash); management cites a 12-month free-cash-flow breakeven box office near $10.4 billion and expects continued improvement as leverage and interest costs decline.
Balance Sheet Improvements and Liability Management
Net debt reduced by ~$1.7 billion since end of 2020; refinanced $400 million debt due 2027 (extended by 4 years); eliminated ~$155.8 million exchangeable debt via conversion to equity; executed $150 million ATM (>$85M gross proceeds) and a $200 million registered direct; no material principal maturities expected prior to 2029; anticipated annual cash interest expense reduction of roughly $16 million and an expected ~$51 million reduction tied to leverage-triggered rate steps on ~75% of debt.
Outperformance from Premium Formats and Per-Patron Revenue
Premium/extra-large format auditoriums (IMAX, Dolby, iSense, Prime, ScreenX, 4DX and XL) total ~750 globally (~8% of screens) but were responsible for more than 50% of Odyssey ticket gross on the weekend cited; food, beverage and merchandise sales rose 15.3% and other revenues rose 16.1%; revenue-per-patron and food & beverage per patron reached all-time highs.
Loyalty and Subscription Momentum
AMC Stubs engagement exceeds 40 million U.S. households; A-List subscription membership ~1.1 million (more than double compared to five years ago) and A-Listers accounted for roughly 20% of U.S. patronage in Q2, supporting predictable visitation and younger demographic engagement.
Portfolio Optimization and Premium Seat Expansion
Since 2020, closed 225 locations and opened 66 (net -159 theaters, ~16% fewer); added 77 premium large-format and 193 XL/extra-large auditoriums, increasing premium/enhanced auditorium options by over 50% and improving profitability and per-screen performance.
Capital Discipline with Targeted High-Return Investment
Net CapEx guidance for 2026 of $200–$235 million; management emphasizes disciplined spending and prioritizing co-funded, high-ROI upgrades (premium screens, recliner/Club Rocker rollouts, Luxe conversions) to drive revenue and margin expansion.
MX:AMC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed