Amc Entertainment Holdings, Inc. · NYSE:AMC
Amc Entertainment — Q2 2026 Earnings Presentation
19 slides from Amc Entertainment's earnings presentation, Jul 20, 2026
Slide 1: AMC Reports Second Quarter 2026 Results
INVESTOR RELATIONS: John Merriwether, 866-248-3872 InvestorRelations@amctheatres.com MEDIA CONTACTS: Ryan Noonan, (913) 213-2183 rnoonan@amctheatres.com FOR IMMEDIATE RELEASE AMC Entertainment Holdings, Inc Reports Second Quarter 2026 Results, Delivering the Highest Quarterly Revenue and Adjusted EB
Slide 2: CEO commentary on record quarter
last year’s same quarter. This was the first time ever that, in a quarter, AMC surpassed the $300 million mark in Adjusted EBITDA. What’s more, in the just completed second quarter, AMC generated $190.1 million in free cash flow. These record quarterly revenue and Adjusted EBITDA results are ever so
Slide 3: Key Financial Results
negotiated in our various debt documents, this leverage reduction is expected to trigger a lower interest rate going forward on approximately 75% of our debt, resulting in a further lowering of annual interest expense by approximately $51 million, assuming current AMC leverage and overall benchmark
Slide 4: Cash, Balance Sheet, and Capital Markets Activity
Cash, Balance Sheet, and Capital Markets Activity Cash at June 30, 2026 was $778.4 million, excluding restricted cash of $41.1 million. During the second quarter ended June 30, 2026, as previously announced, the Company completed several comprehensive capital market transactions designed to strength
Slide 5: Forward-Looking Statements
Forward-Looking Statements This communication includes “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. In many cases, these forward-looking statements may be identified by th
Slide 6: No duty to update information
AMC 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. (Tables follow)
Slide 7: Consolidated Statements of Operations
AMC Entertainment Holdings, Inc. Consolidated Statements of Operations For the Three Months Ended and Six Months Ended June 30, 2026 and June 30, 2025 (dollars in millions, except share and per share data) (unaudited) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Revenues
Slide 8: Consolidated Balance Sheet Data
Consolidated Balance Sheet Data (at period end): (dollars in millions) (unaudited) As of As of June 30, 2026 December 31, 2025 Cash and cash equivalents $ 778.4 $ 428.5 Corporate borrowings 3,851.6 4,038.5 Corporate borrowings (principal amount) 3,914.2 4,024.2 Other long-term liabilities 107.7 95.2
Slide 9: Segment Other Data
Segment Other Data: (in millions, except per patron amounts and operating data) (unaudited) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Other operating data: Attendance (patrons, in thousands): U.S. markets 52,529 46,889 83,262 73,796 International markets 18,761 15,918
Slide 10: Segment Information
Segment Information: (unaudited, in millions) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Revenues U.S. markets $ 1,258.6 $ 1,114.2 $ 1,999.4 $ 1,731.2 International markets 338.1 283.7 642.7 529.2 Consolidated $ 1,596.7 $ 1,397.9 $ 2,642.1 $ 2,260.4 Adjusted EBITDA U.S
Slide 11: Reconciliation of Adjusted EBITDA
Reconciliation of Adjusted EBITDA (1): (dollars in millions) (unaudited) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Net loss $ (11.4) $ (4.7) $ (128.5) $ (206.8) Plus: Income tax provision 3.4 1.2 5.6 2.8 Interest expense 136.0 129.6 275.9 248.7 Depreciation and amorti
Slide 12: Adjusted EBITDA definition notes
Adjusted EBITDA as the pension plans are frozen, service cost is zero, and the remaining components are not indicative of ongoing operating performance as they are not driven by current operating decisions and largely depend on actuarial assumptions. While not the basis for this change, the revised
Slide 13: Reconciliation of Attributable EBITDA
Reconciliation of Attributable EBITDA (dollars in millions) (Unaudited) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Equity in (earnings) of non-consolidated entities $ (4.0) $ (2.1) $ (6.7) $ (2.9) Less: Equity in (earnings) of non-consolidated entities excluding Intern
Slide 14: Reconciliation of Free Cash Flow and Net Capex
Reconciliation of Free Cash Flow and Net Capex (1) (dollars in millions) (unaudited) Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Net cash provided by (used in) operating activities $ 235.4 $ 138.4 $ 106.9 $ (231.6) Plus: total capital expenditures (45.3) (49.5) (91.5) (
Slide 15: Reconciliation of GAAP Gross Profit and Contribution Margin
Reconciliation of GAAP Gross Profit and Contribution Margin (dollars in millions, except per patron amounts and operating data) (Unaudited) U.S. Markets International Markets Consolidated Three Months Ended Three Months Ended Three Months Ended June 30, June 30, June 30, GAAP gross profit reconcilia
Slide 16: Six months GAAP gross profit reconciliation
U.S. Markets International Markets Consolidated Six Months Ended Six Months Ended Six Months Ended June 30, June 30, June 30, GAAP gross profit reconciliation 2026 2025 2026 2025 2026 2025 Total revenues $ 1,999.4 $ 1,731.2 $ 642.7 $ 529.2 $ 2,642.1 $ 2,260.4 Less: Film exhibition costs, cost of rev
Slide 17: Contribution margin and constant currency notes
on the impact of directly variable costs, it excludes normal, recurring, operating expenses that do not vary directly with attendance, but which nevertheless directly impact our profitability. 2) Depreciation and amortization expense directly related to theatre operations. 3) The International segme
Slide 18: Reconciliation of Adjusted Net Earnings (Loss) and Adjusted Diluted EPS
Reconciliation of Adjusted Net Earnings (Loss) for Adjusted Diluted Earnings (Loss) per Share and Adjusted Diluted Earnings (Loss) Per Share: Three Months Ended and Six Months Ended June 30, 2026 and June 30, 2025 (dollars in millions, except share and per share data) (unaudited) Three Months Ended
Slide 19: Adjusted earnings per share notes
effect of RSUs, PSUs, and exchangeable notes were excluded from the six months ended June 30, 2026 and June 30, 2025, respectively because an adjusted net loss exists in each period. You are encouraged to evaluate the adjustments itemized above and the reasons we consider them appropriate for supple
AMC Entertainment Holdings — Q2 2026 Earnings Presentation on 6ix