Individuals stroll previous an AMC theatre in Manhattan in New York Metropolis, U.S., February 25, 2025.
Jeenah Moon | Reuters
Shares of AMC Leisure rose 8% in early buying and selling Monday after the movie show chain reported stronger-than-expected second-quarter outcomes.
The corporate posted income of practically $1.4 million, up about 35% 12 months over 12 months and topping the $1.35 billion Wall Avenue estimate, in accordance with LSEG.
AMC reported a web lack of $4.7 million, or simply 1 cent per share, notably narrower than the lack of $32.8 million, or 10 cents per share, the corporate reported within the second quarter of 2024.
On an adjusted, per-share foundation, AMC reported breaking even. Wall Avenue analysts had anticipated AMC to report an adjusted loss per share of 8 cents, per LSEG.
AMC additionally stated it noticed a 26% enhance in moviegoers’ attendance in comparison with final 12 months.
CEO Adam Aron stated the corporate’s outcomes are indicative of a “recovering industry-wide field workplace” after beforehand struggling to pare losses amid twin writers’ and actors’ strikes and an general post-pandemic decline in film attendance.
The corporate can also be navigating a important debt load.
“We have now addressed all of our 2026 debt maturities pushing them out to 2029,” Aron stated. “In so doing, we’ve put in place a stable basis to capitalize on what we imagine will likely be our {industry}’s continued progress momentum, particularly evident within the fourth quarter of 2025 and persevering with deep into 2026.”
Aron additionally stated the corporate noticed consolidated admissions income per patron topping $12 for “the primary time ever,” with whole consolidated income per patron reaching an “unprecedented” $22.26.
The corporate reported important progress in its premium choices, together with its AMC Go Plan, with premium auditoriums working at practically 3 times the occupancy of standard auditoriums.
“The mixture of a resurgent field workplace, our unparalleled theatre footprint with premium experiences galore, our compelling advertising packages and our growing monetary power have a flywheel influence once they all are taking place concurrently,” Aron stated.
