AMC said today that we fully completed our $150 million equity raise, announced four months ago. It is particularly encouraging that the AMC share price has risen by more than 50% during this time, showing presumably that investors confidence in a resurgent Box Office outweighs fears about dilution.
This is such good news for AMC Entertainment on all counts.
This greatly bolsters our cash reserves.
I’ve said it many times:
Cash is King.
Our U.S. AMC Theatres and overseas Odeon Cinemas welcomed 25.5 million guests in May 2026. Our highest attendance for a month of May in 7 years, better than any May since pre-pandemic 2019. Isn’t that just wonderful!
There are huge movies coming out in June and July too.
“Backrooms” just crushed it at the box office this past weekend. It was the 6th movie in the past 10 weeks to have a domestic opening gross above $75 million.
Whoopee, huzzah.
AMC and Odeon theatres attracted more than 5 million guests globally. Biggest domestic weekend of 2026 so far for AMC. The Mandalorian and Grogu was the FIFTH movie to open above $75 million domestically in the last two months.
https://t.co/yoofnYl13M
I have enormous confidence in AMC and the 2026/2027 box office. So today, using my own money, I bought 250,000 more AMC shares personally, at market price.
I now own outright 2,437,020 AMC shares, raising the total where I have an economic interest to 12,322,429 AMC shares*
It actually can be very hard for a CEO of a public company to buy shares. You have to clear having possession of any material non public information, sort out implications of any ongoing debt and equity transactions, and not be in a quiet period before when earnings will be announced. I was finally in a position to buy even more AMC shares today, and I did.
As I said, I have great confidence in AMC’s future. So, again today, I put my money where my mouth is.
This brings my holdings up to 12.3 million shares* of AMC common stock. My understanding is that I have been, and now even more so I remain, AMC’s biggest individual retail investor.
I should probably mention that I have not sold even a single share of AMC stock since January of 2022, more than four years ago.
I RIDE WITH YOU !!!
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(*For precision: this includes AMC shares I already own, and those which previously have been granted to me as part of my annual compensation and which will vest based on length of service and at target levels of performance over the next thirty three months, on a pre-tax basis.)
Today, AMC Entertainment announced our best first quarter results since 2019. In just 3 months, our Adjusted EBITDA was up a breathtaking $96 million year over year.
And we reaffirmed how optimistic we are about a growing industry-wide box office for the remainder of 2026.
Still more really good news.
What happened this weekend:
Devil Wears Prada 2 is a blockbuster success.
Actors union SAG-AFTRA reached a new multi-year deal with film producers. This follows a multi-year deal with the Writers Guild.
Labor peace for several years ahead.
Wow !!! Big !!!
Super Mario, Project Hail Mary and so many more movies led AMC Entertainment to recording our highest ever revenues globally for a 5-day Easter weekend (Wednesday to Sunday) in our company’s 106-year history.
More than 6 million moviegoers were in our theatres.
Isn’t it so incredibly ironic.
On the same weekend that Super Mario is delighting millions of moviegoers, NASA launched Artemis II with a go to its translunar burn.
Which means, for the first time since 1972, mankind is heading…
… TO THE MOON.
https://t.co/W0OUjlmw1W
Amazon MGM Studios and AMC Theatres have a massive hit with Ryan Gosling’s new Project Hail Mary. The highest grossing movie opening of 2026. More than $80 million domestically and $140 million globally. AMC‘s global ticket revenues up by more than a huge 70% year-over-year!
Project Hail Mary is only one of two non-franchise movies to gross over $80 million in the past decade, behind only Oppenheimer which opened in July of 2023.
It got a stunning 95% from critics, 96% from audiences on Rotten Tomatoes. This is a movie meant to be seen on a giant screen. Rush to an AMC theatre or Odeon cinema near you!
I know from my own losses and in reading your comments on X/Twitter how distraught many of you are with falling share prices.
In looking at the likely 2026 industry-wide Box Office, we still expect it to grow materially over 2025 and if so that inexorably would significantly increase AMC’s EBITDA.
However, the external macro backdrop around us is terrible. War in the Middle East, world oil prices soaring above $100 per barrel and other concerns have knocked the Dow Jones average to its lowest point in five months and the S&P 500 to its lowest point in four months.
As for AMC, I am optimistic about our power to increase our earnings this year over last year.
As for the state of the world, we will all read the news together. Naturally, we all can wish for the best on global developments.