AMC Theatres Quarterly Losses Hit $202.1 Million

A lack of blockbusters took a bite out of AMC Theatres‘ quarterly earnings.

Losses at the world’s largest cinema operator topped out at $202.1 million as the box office got off to a rough start to the 2025, a period that played host to flops like “Mickey 17,” “Snow White,” and “The Alto Knights.” That was a much deeper shortfall than the prior-year quarter, when AMC’s losses hit $163.5 million. Revenues for the three-month period ending in March also fell 9% to $862.5 million, compared to $951.4 million during the same three-month period in 2024. Losses per share came in at 58 cents, compared to 78 cents in the prior-year quarter.

Wall Street had projected that AMC would post a loss of 56 cents per share and revenues to $874.5 million, according to Zacks.

AMC Chairman Adam Aron sounded a defensive note in a statement accompanying the results. “Anyone trying to draw any conclusions about the success or appeal of movie theatres from the results of the first quarter of 2025 is likely to be mistaken, because the industrywide domestic box office in Q1 was in our view a distorting anomaly that has already corrected itself. We continue to believe that moviegoing demand for the balance of 2025 and all of 2026 will show great strength.”

Indeed, ticket sales in the second quarter have rebounded, thanks to hits such as “Sinners,” “Minecraft” and last weekend’s “Thunderbolts.” Moreover, the comparisons to the first quarter of 2024 were always going to be challenging, considering that sequels to popular franchises like “Dune” and “Kung Fu Panda” were released during that period. The decline in foot traffic could be seen in the drops in AMC’s admissions revenues, which tumbled 11% to $473.5 million, and concessions sales, which fell nearly 12% to $283.4 million.

More to come…