On our earnings call this week, we were able to point to dramatic increases in AMC’s Adjusted EBITDA, that we are currently free cash flow positive, and that 97% of our debt maturities have been extended to 2031 and 2033.
This means that we no longer need to talk about the trials and tribulations of the past six years. Instead, we will be focusing on all of the many growth opportunities and high IRR projects in our sights and which we can pursue to stimulate increases in free cash flow going forward.
Welcome to the stress-free world of industry-leading and abundantly-recovered AMC Entertainment.
For the second quarter in a row, AMC Entertainment posted an all-time company record for Revenue and for Adjusted EBITDA, our biggest and best ever quarter financial results in 106 years.
In Q3 2026, Revenues were up 32%. Adjusted EBITDA were up 184%, nearly triple last year’s third quarter.
Our Adjusted EBITDA for the first 9 months of 2026 was $707 million, up an astounding $453 million versus the same timeframe last year.
What a triumph for AMC.
In recent years, where other key players in our industry collapsed, at AMC we repeatedly instead have talked about recovery. Today, we can finally say that AMC has recovered.
To our studio partners, lenders, business partners, employees and our millions of passionate shareholders, thank you for standing with us as we traveled through
a long, and at times brutal, road.
Mere survival was never the goal. Our goal ultimately was to thrive, and that is exactly and precisely where our focus now lies.
We are highly energized by the tremendous opportunities ahead.
businesswire.com/news/home/2…
Freaky GIRL🍿🦍 retweeted
AMC 第三季的營收和調整後 EBITDA 雙雙創下公司 106 年來的單季新高,而且是連續第二季破紀錄。
營收 17.1 億美元,年增 31.6%。淨利 1.09 億美元,去年同期是虧 2.98 億,每股盈利 0.12 美元。調整後 EBITDA 3.475 億,幾乎是去年的三倍,利潤率從 9.4% 升到 20.3%。觀影人次 7,490 萬,年增 28%,其中國際市場增長 41.5%。自由現金流 1.09 億,現金 7.5 億,比去年翻倍,公司預計 2026 年全年自由現金流會轉正。
資產負債表方面,10 月 5 日完成了 39.7 億美元的再融資,涵蓋約 97% 的債務,到期日延到 2031 年底和 2033 年,評級也獲得上調。Aron 說 10 月美國票房年增約 35%,年底還有《沙丘 3》、《復仇者聯盟:毀滅日》等大片,全年票房有望創七年新高。他的原話是:AMC 終於可以說已經復甦了。
Freaky GIRL🍿🦍 retweeted
The midterms aren’t even over and House Democrats are already threatening and telling Elon Musk and Donald Trump to “lawyer up”…
They have no intention of making your life more affordable or better.
They have one goal in mind and it has nothing to do with you.
We tried to warn you.
Their attacks are going to hand Republicans another win on 2028.
Hello again @vladtenev and @DanGallagher. So what’s Robinhood’s answer?
You claim to “support” the SEC’s new rules on Stock Tokenization efforts, as they apply in the United States.
Internationally, are you going to respect those same principals as laid out be the SEC?
Or shame, shame, shame, will your off-shore operation in far-off Jersey be a sleazy bastardization that makes a total mockery of what the SEC has demanded as being the right thing to do?
Freaky GIRL🍿🦍 retweeted
Freaky GIRL🍿🦍 retweeted
🚨 AMC FUCKS SHORT SELLERS — REFINANCES DEBT TO NEXT DECADE & ALL-TIME RECORD 3RD QUARTER BOX OFFICE
💎🙌🦍TLDR — Shorts are FUCKED — WGBSFR!
This is MASSIVE:
🔥 ~97% of AMC’s debt refinanced
🔥 Major maturities pushed all the way out to 2031 & 2033
🔥 Cost of capital reduced
🔥 Capital structure simplified
🔥 Nearly $2 BILLION of long-term debt + COVID lease deferrals paid down since 2020
👀 AMC’s remaining debt load is now down to $3.97 billion, with almost all of those maturities pushed years into the future.
The remaining 3% is set to be PAID-OFF in the next few months.
🍿 AMC also says Q3 produced an ALL-TIME RECORD North American box office
The debt wall bears have been screaming about for years just got paid-down and shoved into the NEXT DECADE with lower interest rates. Now combine that with a recovering box office, lower financing costs and AMC’s massive operating leverage.
Things just got VERY interesting for AMC shareholders👀
@CEOAdam's full comments on the restructuring; “This transaction marks for all to plainly see a significant milestone for AMC. With this now-completed comprehensive refinancing of approximately 97% of our debt, we have materially extended almost all our debt maturities until October of 2031 and October of 2033, simplified our capital structure and reduced our cost of capital. AMC is now well positioned to thrive, as we welcome millions and millions of guests each and every week to our theatres throughout the world.”
Aron continued, “The bold and creative capital markets actions we have implemented in recent years, paired with a resurgent box office and our impressive operating performance, have resulted in a substantial reduction in financial leverage and a stronger balance sheet. Recent corporate or instrument credit ratings upgrades, by all three major credit rating agencies, clearly reflect AMC’s considerable progress on this score.”
Aron highlighted, “It is so immensely satisfying to us how deftly AMC has navigated these uncharted waters of the past six-plus years. Since 2020, AMC has paid down a total of nearly $2 billion of our long-term debt and COVID-related lease deferrals and has extended the maturity of what is in our view a manageable remaining debt-load of approximately $4 billion to 2031 and 2033. This is nothing less than a triumph for AMC.”
Aron added, “We extend sincere thanks to all of our lenders, most notably Deutsche Bank Special Situations Group for their participation in this ambitious transaction. Our investment banking partners, particularly including Wells Fargo Securities, Deutsche Bank Securities, Citigroup, and Goldman Sachs & Co. LLC, and our advisors, including Moelis & Company LLC and Weil, Gotshal & Manges LLP who have for years now brilliantly showcased their unique skills. Additionally, their confidence, support, and commitment to AMC have been crucial to the demonstrable progress that AMC has made in the tumultuous times of the past several years.”
continued: “This all has taken place against the backdrop of an increasingly robust box office, including an all-time record third quarter North American box office. Looking ahead, we are highly optimistic as well about our prospects for the remainder of this year. An exciting film slate awaits us, especially including the December releases of DUNE: PART THREE and AVENGERS: DOOMSDAY, promising to close 2026 on a high note and carry that 2026 momentum into 2027.”
Aron concluded, “A growing box office, a more efficient balance sheet, combined with disciplined execution on our part, position AMC to capitalize on the significant operating leverage inherent in our business. With continued box office growth and successful execution of our strategy, we firmly expect AMC to considerably expand EBITDA, improve free cash flow and deliver meaningful long-term value for our stakeholders.”
#WGBSFR #IYKYK 💎🙌🦍
Freaky GIRL🍿🦍 retweeted
The myth versus the man. MUSK opens in select AMC Theatres 10/9 and nationwide 10/16.
Freaky GIRL🍿🦍 retweeted
Trump is a president without a party
SCOTUS is against him
Lower courts are against him
Congress is against him
Alphabet agencies are against him
But he has the strongest force behind him—the gun toting working class who just wanted to be left alone.
Freaky GIRL🍿🦍 retweeted
Canceling yet another day of votes is unacceptable.
The House has now canceled at least 63 scheduled voting days this Congress, including nine days this month alone, and now we're leaving Washington until after the election.
The Founders did not envision taking this much time off and still getting paid.
If Members of Congress want to go home and campaign instead of doing the job taxpayers sent us here to do, then their campaigns ought to be paying them, NOT the American taxpayer.
We still have work to do.
Freaky GIRL🍿🦍 retweeted
My issue is simple: AMC shareholders have every right to be angry and demand answers.
Robinhood says its AMC Stock Tokens are backed 1:1. Fine. Then prove it. The token itself is not an AMC share. Token holders don't directly own AMC stock and don't receive the normal rights of AMC shareholders. AMC also did not create, authorize, or endorse this product.
So where are the receipts?
Who holds the underlying AMC shares? How many shares are actually held compared with the number of tokens outstanding? Who independently verifies that 1:1 backing, and can investors see that verification?
And I want to know why AMC. Why create a financial product using AMC's name and ticker without AMC's involvement? What other publicly traded theater chains received the same treatment, and why or why not?
That's why AMC investors are angry. We're not asking for rumors or promises. We're asking for transparency and independently verifiable facts.
If it's truly backed 1:1, show us. It shouldn't be controversial to ask for the receipts.
Freaky GIRL🍿🦍 retweeted
Interesting how the “tokenized movie stock” menu gets selective. 👀
IMAX? Nope.
Cinemark? Nope.
AMC? Front and center.
That’s not a detail. That’s a RED FLAG. 🚩
Why AMC?
If every token is supposedly backed 1:1, OPEN THE BOOKS.
Show the shares. Show the custodian. Show the audits. Show the receipts.
Until then, investors have every right to question WHY AMC IS THE ONE GETTING TOKENIZED.
Stop asking retail for trust. Start demanding Wall Street provide PROOF.
INVESTIGATE. NOW. 🔎
#AMC #TokenizedStocks #MarketTransparency
But these two movie stocks have shown increase in demand on their 5 year charts But they aren’t available on Robinhood tokens I wonder Why ?
Shouldn’t vlad want investors outside the US to invest with these popular Movie companies ?
$AMC
In my crosshairs as much as Robinhood’s shameful Stock Tokens and the trademark- infringing meme coins that they trade: dreaded TICKET SCALPERS.
So far, we have reclaimed more than 1,600 AMC tickets from resale sites posted there.
Scalpers beware, AMC is coming after you.
Hey there @dangallagher, in the past week you and @vladtenev CEO of Robinhood have made public comments defending your use of and “standing behind” your relatively new Stock Token concept.
I think this practice is abhorrent. It defeats the very ethos of share ownership. Public financial markets were created so that companies could raise capital, and so that investors could share in the wealth created as a result. Not to turn investing instead merely into some gamified business-oriented casino.
If by your own admission you can’t offer or sell Stock Tokens to “U.S. persons” why does your U.S. web site talk about them so much and so favorably?
Vlad: How can a U.S. brokerage firm be proud of creating an offshore Channel Island operation in far off Jersey specifically with the intent to operate outside U.S. securities laws? Is there potential confusion that Stock Token purchasers are getting less than all the rights accorded to real shareholders, and if so do you care? If those tokens are theoretically backed 1:1 by real shares, but hypothetically some of those underlying real shares are in turn lent out to short sellers, are the Tokens really backed 1:1 in fact?
Dan: I think U.S. securities laws have protected the public very well over the past century. You spent much of your career at the SEC. Deep down, in your heart of hearts, how can you really think a world without the precautions imposed by U.S. securities laws creates a better, safer environment for investors?
Choose whatever descriptors you think best make sense under the circumstances: Non-regulated, derivative, synthetic, sham, debt-backed securities trying to simulate actual real stock, or pick your own words if these don’t fit.
Stock Tokens may make you an innovator in your own eyes. In my eyes, they bring your firm dishonor.
Freaky GIRL🍿🦍 retweeted
The other jurors have spent all week calling the lone male holdout an arrogant, uncooperative dummy who didn’t understand the law or follow the rules. Now we come to find out that they were talking about the only black guy in the room this whole time. Leftists have accidentally sided with 11 white bullies against a black man who stood up to them. Just an absolutely amazing twist. You couldn’t script it any better.
More good news about AMC’s business prospects.
This new rating of our debt by the prominent ratings agency Fitch meshes with that of Standard & Poor‘s, which upgraded AMC’s debt in July.
“RATING ACTION COMMENTARY:
Fitch Assigns AMC Entertainment First-Time 'B-' IDR; Outlook Positive
The rating reflects AMC's leading market position, broad theater footprint, and strong exposure to premium formats, which support attendance, pricing, and operating leverage as the box office recovers. The rating is constrained by negative FCF and a complex capital structure relative to peers.
The Positive Outlook reflects Fitch's expectation for continued box office recovery, with performance approaching pre-pandemic levels and AMC's ability to monetize attendance through pricing and concessions, supporting revenue growth and margin expansion.”
fitchratings.com/research/co…























