AMC Earnings: Q4 Loss Narrows As Attendance Declines

AMC Entertainment Holdings Inc. (NYSE: AMC) reported fourth-quarter and full-year 2025 results on February 23, 2026, narrowing its Q4 loss and beating adjusted earnings per share (EPS) estimates despite a decline in attendance and a slight revenue drop.

AMC Q4 2025 Results

AMC posted fourth-quarter revenue of $1.29 billion, down about 1.0% to 1.4% year-over-year, modestly exceeding consensus estimates of roughly $1.27 billion to $1.28 billion. The company recorded a net loss of $127.4 million, or $0.25 per share on a generally accepted accounting principles (GAAP) basis. Adjusted EPS improved to a loss of $0.18 per share, compared with a $0.35 loss a year earlier and ahead of estimates near a $0.20 loss.

For the full year, AMC reported revenue of $4.85 billion and a net loss of $632.4 million, or $1.34 per share. The company said in a press release that full results are available on its investor relations website.

Attendance and Revenue Mix

Attendance declined 10% year-over-year in the quarter, pressuring admissions and overall traffic. Admissions revenue fell 2.7% to $701.6 million, slightly below the $706.5 million consensus. Food-and-beverage sales dropped 2.2% to $436.5 million, roughly in line with expectations. Other-theatre revenue rose 8.2% to $150.2 million, surpassing the $136.6 million estimate and partially offsetting weaker admissions and concession sales.

This revenue mix helped narrow the quarterly loss and deliver an adjusted EPS beat despite the attendance decline limiting top-line growth. Investors will focus on management’s commentary during the upcoming webcast to assess how the company expects its 2026 film slate to boost attendance and improve margins.

The company scheduled a live webcast for February 24, 2026, at 5:00 p.m. ET to discuss the results and outlook.