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3w ago

AMC Reports Q1 Losses But Highlights Strong Post-April Box Office Recovery

Despite a 9% revenue drop and widened losses in Q1, AMC points to record per-patron spending and a doubling of domestic box office revenue since April.

An AMC theatre is pictured in Times Square in the Manhattan borough of New York City, New York, U.S., June 2, 2021. REUTERS/Carlo Allegri/File Photo
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Overview

  • AMC's Q1 2025 revenue fell 9% year-over-year to $862.5 million, with net losses widening to $202.1 million from $163.5 million in 2024.
  • Global attendance dropped 10%, with U.S. attendance down 11.8%, attributed to a lack of major blockbuster releases and underperforming films like 'Snow White' and 'Mickey 17.'
  • CEO Adam Aron described the Q1 downturn as a 'distorting anomaly,' emphasizing strong consumer demand and a robust film slate for the rest of 2025.
  • Since April 1, the domestic box office has doubled year-over-year, driven by hits like 'Minecraft' and 'Thunderbolts,' with more anticipated summer releases ahead.
  • AMC achieved a record Q1 U.S. admissions revenue per patron, with spending per customer rising 3% year-over-year to $14.33.