In Q1 2025, AMC Entertainment Holdings reported significantly reduced earnings and a quarterly deficit due to a noticeable slump in box office sales within Hollywood during the same period.
AMC Theatres, their major shareholder reported earnings of approximately $862.5 million for the three months ending March 31st, which represents a decline of about 9% compared to the same period last year that stood at $951.4 million. Additionally, AMC’s first-quarter loss expanded to an amount of around $202.1 million, marking a decrease of approximately 36% from its previous year’s loss which was $163.5 million.
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For the three months to March 31st, AMC Theatres’ parent company earned about $862.5 million, a decrease of around 9% compared to last year’s earnings of $951.4 million. Moreover, AMC’s first-quarter loss grew to nearly $202.1 million, representing a decrease of almost 36% from the loss in the same quarter last year that was approximately $163.5 million.
As a gamer, I found myself in a challenging position this past quarter, much like when Dune: Part 2 and Kung Fu Panda 4 were released back in Q1 of 2024. This time around, however, tentpole movies such as Disney’s Snow White didn’t live up to expectations, leaving it to holiday holdovers like Moana 2 and Wicked to keep the box office going. It was a tough battle, but I had to adapt and make the best of what was available.
In the realm of exhibitions, there was a 11.5% drop in the domestic box office during the first quarter compared to the previous year. However, AMC Theatres CEO Adam Aron encouraged investors to focus beyond the sluggish first-quarter box office and instead look forward to promising prospects anticipated for the remainder of the year.
After disregarding the initial quarters affected by Covid and its consequences, the film industry’s box office from January to March in 2025 reached its lowest point since 1996. If this trend persists, it would certainly pose significant challenges for movie theatres. However, since April 1st, demand for movie theaters has significantly increased, as stated by Aron in his declaration. He believes that the first quarter’s results are indicative of a shortage in Hollywood movie supply rather than a lack of audience interest.
In the initial three months of the year, AMC Theatres, currently the most prominent global cinema chain, experienced a decrease in ticket sales revenue to approximately $473.5 million, as compared to $530.5 million during the same period the previous year. Additionally, their concession stand sales dropped significantly to $283.4 million, contrasting with $321.2 million in Q1 of 2024.
Over the last financial quarter, AMC saw a decrease in global attendance compared to the previous year. Specifically, they had 42 million visitors, which is a 10% drop from the 46.6 million customers they had during the same period in 2023. In the United States, attendance declined by 11.8%, with 26.9 million patrons compared to 30.4 million customers in Q1 of 2024. Meanwhile, international markets experienced a 7% decrease, hosting 15 million visitors as opposed to 16.1 million customers from the same timeframe a year prior.
AMC is still contributing to the broader rebound of the movie box office, despite the ongoing impact on the company from the two Hollywood strikes in 2023 which seem to have left a lasting impression.
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Despite the lingering effects of the double Hollywood strikes in 2023, AMC remains involved in the industry’s overall movie box office recovery.
Or,
In the midst of the ongoing aftermath from the two Hollywood strikes in 2023, AMC is participating in the wider resurgence of the box office.
AMC continues to grapple with substantial debts and shifting viewer preferences in the era of streaming, and they are exploring options for refinancing their loans to keep the business operational. CEO Adam Aron is aiming to demonstrate advancements on multiple fronts to satisfy shareholders and secure the future of the company.
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2025-05-08 00:00