Vulture

Loves going to the movies🍿 and Let’s go Sixers 🏀

[Adam Aron @CEOAdam]

THE DAY AFTER. It was such a distinct pleasure, so immensely satisfying, to be able to report to you yesterday that our second quarter of 2026 with $321.4 million of Adjusted EBITDA was the single best quarterly result in AMC’s entire 106-year history.

With 71 million guests in our theatres, we also had the highest revenues in AMC history, and managed our costs well.

We have generated $228 million more EBITDA in the first half of 2026 than we did in the first half last year.

We finished the quarter with $778 million of cash on hand.

The best way to silence the critics and make the naysayers irrelevant is to produce undeniably good results, in this case for Q2 record results, and that is precisely what AMC has been doing throughout 2026.

To those Apes who stood by us along the way, and especially to those who are with us still, I am not exaggerating in saluting the role you all played in saving moviegoing and saving movie theatres and saving AMC.

Because of your support, your children and grandchildren should be able to continue to enjoy… in theatres… seeing dazzling images on our huge silver screens, just as people have done to their great delight for more than a century.

[Vulture @VultureCreed]

@PlayStation Does somebody want to acquire Sony for a cheaper price ? Wtf are you guys doing.

[Vulture @VultureCreed]

@PlayStation Terrible consumer decision are you guys at Sony sure you’re not being mislead by a board member or firm that wants to crash the stock ? I’m sure there is going to be sharks waiting for you to mess up this badly.

[Vulture @VultureCreed]

@AMCbiggums How it feels averaging down all this time. 😭

[Adam Aron @CEOAdam]

Starting tomorrow Friday February 6, the 2026 Winter Olympic Games in Milan and Cortina, Italy — and thanks to NBC also on the giant screens of AMC Theatres. Don’t miss the thrill and drama of the best human competition the world has to offer. At an AMC theatre near you.

[Vulture @VultureCreed]

@tiggr_ When making a selection on the map to respawn. my cursor moves all the way to the left or right please make a cursor setting for the map please and separate it from infantry settings let it be its own setting

[Adam Aron @CEOAdam]

Here is a really tall video billboard in New York’s Times Square proclaiming AMC’s fabulous new pricing deal. At AMC, it’s 50% Off on Tuesdays and Wednesdays for regular movie tickets for AMC Stubs members (it’s free to instantly join). Terms/conditions apply, see our web site.

[Adam Aron @CEOAdam]

And this is where we go from here, with our future shining brightly.

Our AMC Go Plan is working exactly as designed. Even before the industry box office roared back to life in the second quarter, we recognized that state-of-the-art laser projection, more comfortable seating, expanded food and beverage offerings, and a growing focus on premium large format and extra-large format experiences make visits to our theatres even better.

Our premium auditoriums are operating at close to three times the occupancy of a regular auditorium and command a healthy price premium to boot. Clearly, moviegoing guests prefer to see their favorite films in the most immersive, most spectacular formats possible.

AMC Entertainment is the worldwide leader in offering the most IMAX and Dolby Cinema screens, and we're continuing to roll out more IMAX, Dolby Cinema, Prime, iSense, XL and Laser equipped screens.

The combination of a resurgent box office, our unparalleled theatre footprint with premium experiences galore, our compelling marketing programs and our increasing financial strength have a flywheel impact when they all are happening simultaneously.

So at AMC, we look to the future with optimism and confidence and believe that AMC is well positioned to deliver long-term shareholder value.

[Adam Aron @CEOAdam]

In a nutshell, here it is: It is a simple reality, and hopefully a harbinger of things to come, that as AMC’s revenues grow, our EBITDA can soar.  

Our second quarter results are a combination of a recovering industry-wide box office, and the undeniable fact that both AMC and Odeon are executing so well in so many different ways. Indeed, we shattered all-time records across nearly every per patron metric. For the first time ever, consolidated admissions revenue per patron topped $12, coming in at $12.14. Consolidated food and beverage revenue per guest jumped to a record of $7.95. Total consolidated revenue per patron hit an unprecedented $22.26 for us.

These new records powerfully validate our strategic initiatives and that consumers view moviegoing at AMC and Odeon as highly attractive out-of-home entertainment experiences.

[Vulture @VultureCreed]

@CEOAdam 👏

[Adam Aron @CEOAdam]

It is earnings day at AMC, and what a day it is. In q2 2025, AMC showcased our impressive operating leverage. As AMC’s revenues grow, our EBITDA can soar. AMC’s 35.6% revenue growth drove an Adjusted EBITDA rise of 391.4%, to such a gratifying $189.2 million. Almost 5x last year!

That second quarter 2025 achievement was $150.7 million more Adjusted EBITDA than was posted in last year’s q2.

With such a sizable increase in adjusted EBITDA, net cash provided by AMC’s operating activities in the quarter surged to a positive $138.4 million, a dramatic turnaround from last year’s net cash used in second quarter operating activities of $34.6 million, and a total favorable swing of $173.0 million quarter over quarter.

For those humans, bots, shills and shorts who like to bash AMC (or for that matter me) on X/Twitter, let me bring back a phrase that’s an oldie but goodie: “Choke on that !!!!!!”

[Adam Aron @CEOAdam]

AMC will announce our Q2 2025 earnings on Monday August 11 at 5:00 pm EDT. At that same time, we will hold an earnings webcast, through the AMC web site at https://t.co/3nFHhlVmuw. I encourage all of you who are interested in the progress AMC is making to join us for the webcast.

[Adam Aron @CEOAdam]

FORWARD-LOOKING STATEMENTS

This communication may include “forward-looking statements” within the meaning of the federal securities laws, including the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “may,” “will,” “forecast,” “estimate,” “project,” “intend,” “plan,” “expect,” “should,” “believe” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are based only on the Company’s current beliefs, expectations and assumptions regarding the future of the Company’s business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions and speak only as of the date on which they are made. Examples of forward-looking statements include statements the Company makes regarding the terms of the transactions, which are highly uncertain; the Company’s ability to complete the transactions on the terms contemplated or at all; the Company’s ability to obtain the required approval of 50.1% of Term Loan Lenders; the Company’s ability to otherwise refinance, extend, restructure or repay outstanding debt; its current and projected liquidity needs to operate its business and execute its strategy, and related use of cash; its ability to raise capital through equity issuances, asset sales or the incurrence of debt; the Company’s expectations regarding its ability to continue as a going concern; retail and credit market conditions; higher cost of capital and borrowing costs; impairments; changes in general economic conditions; the impact of foreign exchange rates on the Company’s financial performance; and the Company’s inability to implement its business plan or meet or exceed its financial projections. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors, and are based on information available at the time the statements are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks, trends, uncertainties and other facts which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. 

For a detailed discussion of risks, trends and uncertainties facing the Company, see the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, and Form 10-Q for the quarter ended March 31, 2025, each as filed with the SEC, and the risks, trends and uncertainties identified in the Company’s other public filings. 

The Company does not intend, and undertakes no duty, to update any information contained herein to reflect future events or circumstances, except as required by applicable law.

[Adam Aron @CEOAdam]

This is enormously good news for AMC. 

Today, AMC issued a press release with a major announcement that is one of the more important developments in AMC's multi-year effort to fight back from the ravages that COVID prompted in 2020 (and its resulting aftermath since) both on the movie theatre industry generally and on our company specifically.

Today we announced that AMC has signed a collaborative agreement with some of our most key lenders. If consented to by our Term Loan Lenders through a public consent process being launched today, it will do all of this:

1. Bring more than $220 million into our company's treasury through the issuance of new debt which can be used to refinance 2026 debt principal repayment obligations.

2. Convert $143 million of debt into equity now, and set in motion a path that could convert even more debt to equity up to a total of $337 million, each of which significantly further delevers AMC. 

3. Fully resolve the litigation from some of the holders of our 7.5% Senior Secured Notes, that arose from our also substantial activity in the summer of 2024 to refinance much of our debt that previously was due in 2026 and now is not due until 2029 and 2030.

This strengthening of our balance sheet is the result of highly complex negotiations, and is clear evidence that we have vital and strong support from so many of our lenders.

And it comes at a time when the growing box office since April has been roaring loudly. Thank you to Minecraft, Sinners, Lilo & Stitch, Thunderbolts*, Final Destination Bloodlines, Mission: Impossible - The Final Reckoning, How to Train Your Dragon, F1, Jurassic World Rebirth, Superman and so many more appealing movies!

For full details, I urge you to read the press release that AMC issued this morning and/or our 8-K that was filed with the SEC.

——-/////——-

Our lawyers want me to add this standard caution about any so-called Forward-Looking Statements. See my follow-on tweet.

[Adam Aron @CEOAdam]

It’s a hit beyond a hit.

Audiences are LOVING the new F1 movie from Apple Original Films and Warner Bros. Now at AMC and Odeon.

Don’t miss seeing this global phenomenon on its opening weekend.

[Adam Aron @CEOAdam]

To be a leader, you need to lead.

At a time when Americans seem generally fed up with rising consumer prices, I think it’s absolutely vital that AMC take the lead in offering bargains for moviegoers who want them.

That’s why starting July 9, AMC is slashing our prices with 50% admission ticket discounts on all Wednesdays going forward.

For AMC Stubs members only, but it is free, easy and instantaneous to join Stubs.

AMC’s new low Wednesday prices join our other bargain offerings — like Discount Tuesdays, pricing of Matinees, Stubs members earned benefits, along with the greatest bargain of them all: our A-List program that enables you to watch a lot movies each week at a mere fraction of the normal retail price.

How is that for an every Wednesday plot twist?

[Vulture @VultureCreed]

@CEOAdam Can’t wait

[Vulture @VultureCreed]

RT @CEOAdam: I had the privilege tonight to attend the World Premiere of F1. Apple and Warner Bros should be so proud. Director Joe Konsins…