AMC Entertainment profits and revenue both exceed expectations

Leawood, Kansas - On Monday, AMC Entertainment Holdings, Inc. (NYSE: AMC) announced first-quarter results that exceeded analyst expectations, with an adjusted loss per share of $0.18, better than the market forecast of $0.25.

Revenue reached $1.29 billion, surpassing analyst estimates of $1.27 billion.

Following the earnings release, the company’s stock rose 0.08% in pre-market trading.

The world’s largest cinema chain did not provide specific guidance for future quarters in its earnings announcement.

Additionally, AMC announced a significant debt refinancing plan. The company’s subsidiary, Muvico, LLC, initiated a $1.73 billion first lien note offering due in 2031. At the same time, AMC expects to sign a new $750 million term loan agreement.

Proceeds from these transactions, along with available cash, will be used to redeem the $400 million 12.750% senior secured notes issued by Odeon, due in 2027, fully refinance the company’s existing term loan facilities, and cover related fees and expenses.

The redemption of Odeon notes is contingent upon completing a debt financing transaction with total proceeds of at least $2.48 billion.

The company noted that there is no guarantee when or if such debt financing transactions will be completed.

AMC operates approximately 855 theaters with 9,640 screens worldwide, making it the largest cinema chain in the United States, Europe, and globally. The company has been focused on driving innovation in the exhibition industry through electric recliner seats, enhanced dining services, and premium large-screen experiences.

According to the company’s forward-looking statements, the refinancing transaction is expected to be completed in the third quarter of 2025.

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