AMC Q1 Revenue Falls on Lower Attendance, Fewer Hits

AMC Entertainment reported a 9.3% decline in first-quarter 2025 revenue to $862.5 million, missing Wall Street expectations due to a slowdown in blockbuster releases and a 10% drop in attendance to 42 million patrons. The company posted a net loss of $202.1 million for the quarter, with operating margin and free cash flow worsening compared to the previous year. The downturn was attributed to fewer major box office draws and broader consumer cutbacks in discretionary spending amid economic uncertainty. CEO Adam Aron said theater demand has rebounded since April, with industry box office numbers improving. Despite the weak quarter, AMC highlighted positive metrics such as record U.S. admissions revenue per patron. Analysts expect AMC's revenue to grow by 12.3% over the next year, though this is below the sector average.