AMC Entertainment Holdings, Inc. Q1 2026 Earnings Recap

The stock jumped 13.1% on exceptionally strong adjusted EBITDA and robust box office growth, driven by a 22% surge in the North American box office that surpassed expectations and lifted both domestic and international segments.

Key Takeaways

• Adjusted EBITDA improved by $96 million year-over-year, marking the best first quarter result since 2019 pre-pandemic.
• North American box office revenue increased 22% in Q1, the strongest start since the pandemic began.
• International performance notably improved, particularly across AMC's European footprint.
• Balance sheet enhancements included refinancing $400 million of debt to 2031, reducing interest expense, and raising $72 million via equity issuance.
• Opportunistic asset sales generated $30 million cash in Q1, totaling $54 million from Hycroft Mining holdings, surpassing original investment.