AMC Entertainment Holdings, Inc. (NYSE: AMC) (“AMC” or “the Company”), exceeded Wall Street expectations on several key metrics in its reporting today of results for the second quarter ended June 30, 2026.

Second Quarter 2026 Summary Results Compared to the Second Quarter of 2025:

• Total revenues were $1,596.7 million compared to $1,397.9 million, up 14.2%.
• Net earnings (loss) was $(11.4) million compared to $(4.7) million, a $6.7 million decline.
• Adjusted net earnings (loss) was $104.3 million compared to $(0.5) million, a $104.8 million improvement.
• Adjusted EBITDA was $321.4 million compared to $189.5 million, up 69.6%.
• Net cash provided by operating activities was $235.4 million compared to $138.4 million, up 70.1%.
• Cash and cash equivalents at June 30, 2026 were $778.4 million, excluding restricted cash of $41.1 million,
  compared to $423.7 million, up 83.7%.

First Half 2026 Summary Results Compared to the First Half of 2025:

• Total revenues were $2,642.1 million compared to $2,260.4 million, up 16.9%.
• Net earnings (loss) was $(128.5) million compared to $(206.8) million, a $78.3 million improvement.
• Adjusted net earnings (loss) was $(90.0) million compared to $(250.5), a $160.5 million improvement.
• Adjusted EBITDA was $359.7 million compared to $131.8 million, up 172.9%.
• Net cash provided by (used in) operating activities was $106.9 million compared to $(231.6) million, a $338.5
  million improvement.

Commenting on AMC’s second quarter and year-to-date 2026 results, AMC Chairman and CEO Adam Aron said: “The second quarter of 2026 was nothing short of extraordinary for AMC. In our 106-year history, never before has AMC had such superb results. In the second quarter of 2026, AMC reported higher quarterly revenue and higher quarterly Adjusted EBITDA than in any quarter in more than a century. Total revenues increased approximately 14.2%, year over year, to approximately $1.6 billion, while Adjusted EBITDA soared 70% to $321.4 million, a $131.9 million increase over last year’s same quarter. This was the first time ever that, in a quarter, AMC surpassed the $300 million mark in Adjusted EBITDA. What’s more, in the just completed second quarter, AMC generated $190.1 million in free cash flow. These record quarterly revenue and Adjusted EBITDA results are ever so satisfying.

Aron explained, “This demonstrates the inherent operating leverage in our business model at a time of rising revenues, combined with the power of AMC’s market leading position, the appeal of our theatres, the increasing numbers of our premium offerings, the prowess of our marketing programs and our ability to keep a tight lid on our costs. Finally, after some admittedly tough years as our industry recovered only slowly from the ravages of COVID-19 and its aftermath, the relentless focus of AMC on delighting our guests as we execute with all cylinders blazing is reflected in our record-setting second quarter financial results.”

Aron continued, “Our year-over-year improvement at AMC has been in evidence throughout this year so far. Combining both the first and second quarters of 2026, AMC‘s revenues are up 16.9%, year over year. Of the ultimate importance, our Adjusted EBITDA of $359.7 million in the first half of 2026 is considerably more than two-and-a-half times the $131.8 million reported in the first half of last year. For the first six months of 2026, AMC’s Adjusted EBITDA is some $227.9 million above that achieved in the same period last year.“

Aron elaborated, “Both our U.S. and European businesses showed great progress in the second quarter. The momentum in the total industry-wide domestic box office was undeniable, reaching approximately $2.99 billion, up 10.7% from last year’s second quarter, making this the biggest box office quarter in seven years and the fifth biggest quarter ever. Impressively, though, AMC’s total domestic revenues grew even faster, up 13.0%, year over year. Our European results were also a sight to behold. Attendance was up 17.9%, and Adjusted EBITDA climbed by 336.7% in the second quarter. Additionally, we managed our costs with zeal, such that our consolidated Adjusted EBITDA margin jumped from 13.6% last year at this time to 20.1% in the second quarter of 2026.”

Aron added, “This weekend’s powerful debut of Universal Pictures and Christopher Nolan’s “The Odyssey,”  with an encouraging media reported $124 million domestic opening, is the latest reminder of the strength of today’s theatrical marketplace. It follows a second quarter in which six different films delivered impressive domestic opening weekend grosses exceeding 75 million. That outstanding debut of “The Odyssey” will be followed a mere two weeks from now by Sony’s highly anticipated “Spider-Man: Brand New Day,” for which advance bookings suggest yet another box office triumph is at hand. Looking at the entire 2026 slate, especially including when Warner Bros.’ will be releasing “Dune: Part Three” and Disney will be unveiling “Avengers: Doomsday” just before Christmas, we believe that movie theatres will enjoy, in the full twelve-months of 2026, their strongest yet post-pandemic year, at both the domestic and the global box office.”

Aron added, “It is clear that our operating results so far this year are vastly improved. AMC has often been underestimated, and yet we continue to outperform. That over-performance is reflected too in the tremendous strides that AMC has continued to make in strengthening AMC’s balance sheet. During the second quarter, we refinanced $400 million of debt, extending their maturity by four years. We also raised approximately $285 million of gross proceeds through equity offerings, and eliminated, or initiated eliminations, of approximately $282 million of debt. All told, by the end of July, our bold actions to strengthen the balance sheet since the end of 2020 have reduced our principal debt balances by approximately $1.7 billion. And as a result of these actions, we have no currently expected debt maturities until 2029.”

Aron continued, “AMC’s second quarter actions reduced annual cash interest expense by $16 million. Additionally, it is particularly noteworthy that our record-breaking operating results, coupled with a reduction in debt levels, have resulted in a meaningful improvement in our balance sheet leverage ratios. Thanks to the terms that we smartly negotiated in our various debt documents, this leverage reduction is expected to trigger a lower interest rate going forward on approximately 75% of our debt, resulting in a further lowering of annual interest expense by approximately $51 million, assuming current AMC leverage and overall benchmark rates remain at their current levels.”

Aron concluded, “AMC is on a determined march to let the good times roll. You may recall that a strengthening balance sheet and larger cash reserves, combined with a resurgent box office, enable us to continue with our previously announced and highly successful AMC Go Plan. While staying keenly disciplined in making our ongoing capital investments, AMC is expanding our market lead in enhancing our theatres with the installation of additional upgraded seating and adding more premium auditoriums to further differentiate the moviegoing experience at AMC. At the same time that we increasingly have been able to find engaging ways to offer discount opportunities for guests seeking bargains, these theatre enhancements have allowed us to simultaneously command premium pricing for our premium products. As our second quarter results have made obvious, at AMC, those efforts have generated compelling results.”

Cash, Balance Sheet, and Capital Markets Activity
Cash at June 30, 2026 was $778.4 million, excluding restricted cash of $41.1 million.

During the second quarter ended June 30, 2026, as previously announced, the Company completed several comprehensive capital market transactions designed to strengthen the balance sheet and position the Company to prosper from a robust box office recovery.

Second Quarter 2026

• AMC refinanced its $400 million 12.75% Senior Secured Notes due 2027, extending maturities by four years and reducing cash interest expense.
• Holders of AMC’s 1.5% exchangeable notes due 2030 converted all of their notes, approximately $155.8 million, into AMC common stock.
• AMC completed its $150 million at-the-market equity offering, raising approximately $85.3 million of gross proceeds during the second quarter.
• AMC completed a $200 million registered direct offering of AMC common stock and immediately provided notice to redeem all of its $125,471,000 aggregate principal 6.125% Senior Subordinated Notes due 2027. As a result, AMC does not anticipate any material debt maturities prior to calendar year 2029.

About AMC Entertainment Holdings, Inc.
AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with approximately 850 theatres and 9,500 screens across the globe. AMC has propelled innovation in the exhibition industry by: deploying its signature power-recliner seats; delivering enhanced food and beverage choices; generating greater guest engagement through its loyalty and subscription programs, website, and mobile apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming. For more information, visit www.amctheatres.com.