AMC Entertainment's stock climbed 24% in afternoon trading after the theater chain reported a 14% revenue increase in the second quarter and $104 million in adjusted net earnings, reversing a small loss from a year earlier. The surge followed a blockbuster opening weekend for Christopher Nolan's 'The Odyssey,' which drew more than 4.3 million attendees to AMC theaters worldwide from Thursday through Sunday and generated $124 million in domestic box office revenue. The film's performance marked the strongest opening weekend for an R-rated movie at AMC since 2024, underscoring ongoing competition for audience attention in the theatrical market.
AMC Reports 14% Revenue Growth and $104M Adjusted Net Earnings
AMC Entertainment reported a 14% increase in revenue in the second quarter alongside $104 million in adjusted net earnings, compared to a small loss recorded a year earlier. The company's stock rose 24% in afternoon trading following the earnings announcement.
'The Odyssey' Generates $124M Domestic Box Office in Opening Weekend
More than 4.3 million people attended movies at AMC theaters worldwide from Thursday through Sunday, with many viewing Christopher Nolan's 'The Odyssey.' The film generated $124 million in domestic box office revenue and delivered the best opening weekend box office showing for an R-rated movie at AMC since 2024.
IMAX Shares Surge Monday Morning Before Afternoon Decline
IMAX, a separate company whose supersized screens were a popular format for 'The Odyssey' screenings, saw its shares surge Monday morning before relinquishing those gains in the afternoon. IMAX operates independently from AMC Entertainment.
Special Format Theaters Account for 50%+ of 'The Odyssey' Ticket Sales
Special format theaters — including IMAX — represent only 8% of AMC screens but accounted for more than 50% of ticket sales for 'The Odyssey,' AMC CEO Adam Aron said on an earnings call. These premium format venues drove disproportionate revenue despite their limited screen count.
AMC Plans to Add 100+ Large Format Screens
AMC expects to add at least 100 more large screens, Aron said on the earnings call. Large format screens currently fetch $6-$7 more per ticket than standard screens, according to the CEO's remarks.
Disney's 'Moana' Expected to Lose $100M-$125M
Disney's live-action version of the animated 'Moana' is expected to lose $100 million-$125 million after a disappointing showing at the box office, Deadline reported. The film's underperformance serves as a reminder that movies remain engaged in competition for audience attention.
AMC Anticipates Next Week's 'Spider-Man: Brand New Day' Release
AMC is preparing for next week's release of 'Spider-Man: Brand New Day' and multiple holiday blockbusters, including 'Avengers: Doomsday' and 'Dune: Part Three.' The company aims to capitalize on these upcoming theatrical releases.
FAQ
What were AMC's second quarter earnings results?
AMC Entertainment reported a 14% increase in revenue in the second quarter and $104 million in adjusted net earnings, compared to a small loss a year earlier.
How much did 'The Odyssey' earn at the domestic box office in its opening weekend?
'The Odyssey' generated $124 million in domestic box office revenue from Thursday through Sunday, with more than 4.3 million people attending AMC theaters worldwide during that period. The film delivered the best opening weekend box office showing for an R-rated movie at AMC since 2024.
What percentage of 'The Odyssey' ticket sales came from special format theaters at AMC?
Special format theaters — including IMAX — accounted for more than 50% of ticket sales for 'The Odyssey' at AMC, despite representing only 8% of the chain's screens, according to CEO Adam Aron.
