AMC Entertainment reported its strongest second quarter in company history, with revenue climbing 14.2% year over year to $1.597 billion from $1.398 billion. Adjusted EBITDA surged 69.6% to $321.4 million from $189.5 million, marking the first time AMC topped the $300 million threshold in a quarter.
The company’s bottom line remained in the red, but the loss narrowed on an adjusted basis. Net loss was $11.4 million, compared with a loss of $4.7 million a year earlier. Adjusted net earnings swung to a gain of $104.3 million from a loss of $0.5 million. Free cash flow rose to $190.1 million from $88.9 million.
Operating cash generation also improved sharply. Net cash provided by operating activities increased 70.1% to $235.4 million from $138.4 million. Cash and cash equivalents at June 30 reached $778.4 million, up 83.7% from $423.7 million a year earlier.
Attendance increased across the chain. Second-quarter attendance rose 13.5% to 71.29 million from 62.81 million. U.S. attendance climbed 12.0% to 52.53 million, while international attendance rose 17.9% to 18.76 million.
AMC’s first-half results showed a similar pattern. Revenue for the first six months of 2026 rose 16.9% to $2.642 billion from $2.260 billion. Adjusted EBITDA jumped 172.9% to $359.7 million from $131.8 million. Adjusted net loss improved to $90.0 million from a loss of $250.5 million, and net loss narrowed to $128.5 million from $206.8 million.
Cash from operations turned positive in the first half, with AMC generating $106.9 million compared with a use of $231.6 million in the prior-year period. Free cash flow improved to $15.4 million from a negative $328.1 million.
Margins expanded as well. Consolidated adjusted EBITDA margin rose to 20.1% in the second quarter from 13.6% a year earlier. Average screens edged down 1.6% to 9,249 from 9,402, showing AMC produced higher revenue and earnings with a slightly smaller screen base.
On the balance sheet, AMC said it refinanced $400 million of debt, converted $155.8 million of exchangeable notes into stock, completed an at-the-market equity offering that generated $85.3 million, and raised proceeds from a $200 million registered direct offering. It also said it eliminated or began eliminating about $282 million of debt during the quarter and had reduced principal debt balances by about $1.7 billion since the end of 2020. Today the company's shares have moved 10.31% to a price of $2.14. For the full picture, make sure to review AMC ENTERTAINMENT HOLDINGS, INC.'s 8-K report.
