AMC Theatres Posts $298.2 Million Quarterly Loss Despite Summer Hits Like ‘Superman,’ ‘Jurassic World Rebirth’
If AMC Theatres, the world’s largest theater chain, was hoping that “Jurassic World Rebirth,” “Weapons” and “Superman” would lift its most recent quarterly earnings, it needed to hold out for other heroes. That collection of man-eating dinosaurs, suburban sorceresses and comic book adventurers may have scored at the box office, but their grosses paled in comparison with last summer’s lineup, which included “Deadpool & Wolverine” and “Despicable Me 4.”
Overall, revenues at the theater chain for the three-month period ending in September slid to $1.3 billion, a 3.6% drop from the previous year. AMC also recorded a net loss of $298.2 million compared to net loss of $20.7 million in the prior-year quarter. The company said the deeper losses were related to “non-cash charges associated with a transformative July 2025 refinancing” of its debt. The adjusted net loss for the company was $110 million, which was still wider than the $15.9 million in losses that AMC reported in the same period last year. The company’s adjusted net loss was 21 cents per share, compared to 4 cents in the prior-year quarter.
Admissions in the most recent quarter topped out at $715.1 million, down from $744.2 million in 2024, while food and beverage sales fell to $451.8 million from $490.4 million in the year-ago period. It’s a sign that fewer people hit up the multiplex as this summer’s crop of blockbuster hopefuls failed to deliver the same sizzle.
And yet, AMC beat Wall Street projections that the company would report third-quarter revenue of $1.23 billion, while its adjusted losses were roughly in line with expectations.
“Calendar year 2025 is turning out exactly as we have long predicted,” Adam Aron, chairman and CEO of AMC, said in a statement. “Due primarily to the timing of major studio film release dates, a weak first quarter was followed by a blazing hot second quarter, which then was followed by a softening third quarter. We continue to expect that the year will culminate in what we hope will be quite a strong year-end in quarter four.”
The end of the year has yet to kick into gear, and there’s a lot of ground that AMC and other exhibitors need to make up. Box office revenues for October plunged to their lowest levels since 1997, weighed down by flops like “Tron: Ares” and “The Smashing Machine.” The rest of the year looks more promising, however, with sequels to “Zootopia,” “Wicked,” and “Avatar” scheduled to hit theaters in the next two months.
AMC did have one bright spot in October, distributing a limited run of “Taylor Swift: The Official Release Party of a Showgirl,” which brought Swifties out in force.
