AMC jumps after solid second-quarter earnings with 150% jump in adjusted EBITDA

AMC is jumping in premarket trading, up 8% as of 7:30 a.m. ET, after the theater chain posted better-than-expected second-quarter results.

Revenues were nearly $1.4 billion, ahead of the Bloomberg-compiled consensus call for $1.34 billion. Adjusted diluted earnings per share were flat, while the Street had penciled in a $0.10 loss. Adjusted EBITDA notably exceeded expectations at $189.2 million, up 150% from the same quarter a year ago and well above analysts’ average estimate of $150.4 million.

“It is a simple reality, and hopefully a harbinger of things to come that as AMC’s revenues grow, our EBITDA can soar,” Chairman and CEO Adam Aron said.

Most of the positive surprises in AMC’s operations came from strong performance stateside, where the company benefited from a banner Memorial Day weekend.

Shares tanked at the start of the third quarter as AMC pursued a debt-for-equity swap and settled litigation with some of its creditors, but Aron framed these measures as providing ample runway for the company’s turnaround efforts to bear fruit.

“We’ve now addressed all of our 2026 debt maturities, pushing them out to 2029,” he said. “In so doing, we have put in place a solid foundation to capitalize on what we believe will be our industry’s continued growth momentum, especially evident in the fourth quarter of 2025 and continuing deep into 2026.”