If AMC Theaters, the world’s largest theater chain, was hoping that Jurassic World: Rebirth, Weapons and Superman would boost its most recent quarterly revenue, it had to make sure it didn’t lose out to other heroes. The collection of man-eating dinosaurs, suburban wizards and comic book adventurers may have been a box office success, but it paled in comparison to last summer’s lineup, which included Deadpool & Wolverine and Despicable Me 4.
Overall, the theater chain’s revenue fell 3.6% from a year earlier to $1.3 billion in the three months ended September. AMC also posted a net loss of $298.2 million, compared to a net loss of $20.7 million in the year-ago period. The company said the higher loss was related to “non-cash charges associated with the July 2025 transformational refinancing” of debt. The company’s adjusted net loss was $110 million, even larger than the $15.9 million loss AMC reported in the year-ago period. The company’s adjusted net loss was 21 cents per share, compared with 4 cents per share in the year-ago period.
Admissions totaled $715.1 million in the most recent quarter, down from $744.2 million in 2024, while food and beverage sales fell to $451.8 million from $490.4 million in the year-ago period. It’s a sign that fewer people are visiting multiplexes, as this summer’s highly anticipated blockbuster hasn’t had the same level of excitement.
Still, AMC beat Wall Street’s expectations for third-quarter revenue of $1.23 billion, and its adjusted loss was roughly in line with expectations.
“The 2025 calendar is exactly what we have predicted for many years,” Adam Aron, AMC’s chairman and CEO, said in a statement. “Due mainly to the timing of release dates for major studio films, a weak first quarter was followed by a blisteringly hot second quarter, followed by a soft third quarter. We continue to expect the year to culminate and have a very strong end to the year in the fourth quarter.”
Although the end of the year is not yet in full swing, there is a lot of groundwork for AMC and other exhibitors to cover. Box office revenue in October fell to its lowest level since 1997, weighed down by failures such as “Tron: Ares” and “Smashing Machines.” But the rest of the year is looking more promising, with Zootopia, Wicked, and Avatar sequels set to hit theaters within the next two months.
AMC did find one bright spot in October. That was the limited distribution of “Taylor Swift: Showgirls Official Release Party,” which introduced Swifty to the world in a big way.
