AMC Entertainment saw its share price climb by as much as 25.77 percent during intra-day trading on Monday at $2.44 apiece, after the theater giant posted its highest quarterly revenue in its 106-year history, prompting investors to look past a wider net loss and focus on signs that recovery is gaining momentum.
In an updated report, AMC Entertainment Holdings Inc. (NYSE:AMC) said that it grew its revenues by 14 percent to $1.597 billion from $1.398 billion in the same period last year—its largest jump by far, bringing its first half tally to $2.64 billion, or a 17-percent increase from $2.26 billion in the comparable period.
The company, however, widened its net loss in the second quarter by 142 percent to $11.4 million from $4.7 million year-on-year, but slashed its first half tally by 37.9 percent to $128.5 million from $206.8 million.
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‘Nothing Short of Extraordinary’
Chairman and CEO Adam Aron described the results as nothing short of extraordinary.
On an adjusted basis, AMC Entertainment Holdings Inc. (NYSE:AMC) posted earnings of $104.3 million in the second quarter, reversing a $500,000 adjusted net loss in the same period last year.
“In our 106-year history, never before has AMC had such superb results. In the second quarter of 2026, AMC reported higher quarterly revenue and higher quarterly Adjusted EBITDA than in any quarter in more than a century,” he said, adding that the performance was a reflection of the inherent operating leverage in its business model at a time of rising revenues, the power of its market leading position, the appeal of its theaters, and the increasing number of premium offers, among others.
Upsides Expected
Investment firm B. Riley posted a conservative stance on shares of AMC Entertainment Holdings Inc. (NYSE:AMC) prior to the release of the latter’s earnings results.
In a market note, the investment firm reaffirmed its neutral rating and $2.25 price target for the stock.
However, it said that 2026 estimates are currently under review, carrying an “upside bias” based on the stronger-than-expected second quarter results.
While the firm did not expect meaningful changes for the third quarter and second half estimates, the commentary indicates that Wall Street is becoming more constructive on AMC Entertainment Holdings Inc.’s (NYSE:AMC) earnings trajectory.
Higher Hedge Fund Participation
Institutional interest also improved during the quarter, although conviction markedly weakened.
As of the first quarter of the year, data from Insider Monkey showed that 20 hedge funds held stakes in the firm, up from 16 in the previous quarter.
However, the value of those positions fell by 32 percent to $37.5 million from $55 million in the quarter prior, signaling that while more funds participated, overall capital committed remained relatively modest.
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