AMC ENTERTAINMENT HOLDINGS, INC. (AMC)

AMC Entertainment Holdings, Inc., together with its subsidiaries including American Multi-Cinema, Inc., is principally engaged in the theatrical exhibition business and owns, operates or has interests in movie theatres in the United States and Europe. Founded in Kansas City, Missouri in 1920, it describes itself as the world's largest theatrical exhibition company. It introduced multiplex theatres in the 1960s and the North American stadium-seated megaplex format in the 1990s, and more recently rolled out powered recliner seating and the AMC Stubs A-List subscription tier. Growth has come from reinvestment in existing assets and from acquisitions of significant exhibition companies. During 2025 it refinanced and exchanged part of its debt through Muvico, LLC, a wholly-owned subsidiary, and through equity issuances. It held about $428.5 million of cash at December 31, 2025.

The business is organized into two reportable segments, U.S. markets and International markets. Substantially all international operations are attributed to Odeon Cinemas Group Limited and its subsidiaries, Odeon and UCI Cinemas Holdings Limited and Nordic Cinema Group Holding AB. At December 31, 2025, AMC owned, leased or operated 855 theatres with 9,640 screens in 11 countries. These comprised 533 theatres with 7,072 screens in the U.S. and 322 theatres with 2,568 screens in Europe, including 64 theatres managed or partly owned. Revenues come mainly from box office admissions and food and beverage sales. The rest comes from on-screen advertising, loyalty program fees, auditorium rentals, gift card and exchange ticket income, theatrical distribution, retail popcorn sales and online ticketing fees. Offerings include traditional films, independent and foreign films, performing arts, music, sports, private rentals, and food and drink options such as made-to-order meals, coffee, beer, wine, cocktails and dine-in theatres. Premium formats include IMAX, Dolby Cinema, RealD and Prime.

AMC serves moviegoers and studio partners, for whom its circuit is a large and diverse distribution channel. In the U.S. it operates in 41 states and the District of Columbia, with about 49% of the U.S. population living within 10 miles of a theatre, and it held the #1 share in New York, Los Angeles, Chicago, Atlanta and Washington DC. It is the market leader in the U.S., Sweden, Norway and Finland, and a leading operator in the UK, Ireland, Italy, Spain, Portugal and Germany. International theatres are located in Denmark, Finland, Germany, Ireland, Italy, Norway, Portugal, Spain, Sweden and the United Kingdom. The AMC Stubs loyalty program has about 39 million member households and about 51% of U.S. attendance, and international loyalty programs have about 20 million members. About 73% of U.S. tickets were bought online in 2025, mostly through AMC's own website and apps. Recliner seating is in 368 U.S. theatres and 89 international theatres, and alcohol is served in 386 U.S. and 221 international theatres.

Strategy centers on customer engagement, improving the in-theatre experience, selectively expanding through new markets, premium large format screens and closing underperforming theatres, extending the AMC brand, and pursuing acquisitions. The company brought Netflix content to its theatres in 2025 and runs AMC Investor Connect, which has about 1.8 million members. Its principal executive offices are at One AMC Way, 11500 Ash Street, Leawood, Kansas. Holdings was incorporated in Delaware on June 6, 2007.