AMC released its third-quarter earnings report this week, putting numbers to the struggles that exhibitors experienced over the summer season. The world’s largest exhibitor reported an operating loss of almost $300 million during the quarter, compared with a much narrower $20.7 million loss in Q3 2024. The poor performance stemmed from both a decline in summer attendance compared with last year and increased interest payments on AMC’s debts as a result of refinancing it executed in July.
AMC CEO Adam Aron went into damage control when taking questions at the end of last week’s Q3 earnings call, asking investors to look ahead after the lowest-grossing October since 1998. Aron predicted that the last two months of 2025 and all of next year should produce strong results, with a slate of attractive new movie releases. Aron claimed that, “AMC is better poised than anyone else to reap the benefits.”
He also spoke about the state of talks between AMC and Netflix, which was described as “in their infancy,” and that he is not yet clear on the “ultimate size there can be” for a possible relationship between the companies. Aron also commented on Skydance’s potential acquisition of Warner Bros., saying that he was “beyond thrilled” by David Ellison’s commitment to increase the number and movies that Paramount will release to theatres.