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NEW YORK - AMC Entertainment Holdings, Inc. (NYSE:AMC) reported first quarter 2025 results that fell short of analyst expectations, with revenue declining 9.3% compared to the same period last year. The company’s stock edged up 0.5% following the announcement.
AMC reported adjusted earnings per share of -$0.58, missing the analyst estimate of -$0.46 by $0.12. Revenue for the quarter came in at $862.5 million, below the consensus estimate of $986.48 million and down from $951.4 million in the first quarter of 2024.
The company attributed the weak performance to an unusually low industrywide domestic box office in the first quarter, which CEO Adam Aron described as "a distorting anomaly that has already corrected itself." Aron noted that the January to March industry box office in 2025 was the lowest it has been since 1996, excluding quarters directly impacted by Covid-19.
Despite the disappointing results, AMC reported some positive metrics. The company achieved an all-time first quarter record for U.S. admissions revenue per patron, which it attributed to the strength of its AMC Stubs loyalty program, A-List subscription offerings, and premium format screenings.
Looking ahead, Aron expressed optimism about the remainder of 2025 and 2026, citing a strong slate of upcoming movie releases and improved box office performance in April and May. "The domestic box office is currently running at double last year’s demand," Aron stated.
AMC reported a net loss of $202.1 million for the quarter, compared to a net loss of $163.5 million in the same period last year. The company’s cash and cash equivalents stood at $378.7 million as of March 31, 2025.
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