AMC reported a 10% attendance drop in Q4 2025, a net loss, and falling shares despite higher prices and earnings beat.

AMC Entertainment reported a 10% drop in fourth-quarter 2025 attendance to 56.3 million, with revenue declining 1.4% to $1.28 billion despite higher ticket and concession prices. The company posted a net loss of $127.4 million, narrowing from the prior year, and saw diluted shares rise 34%, widening its adjusted net loss. While per-patron spending held strong and earnings beat expectations, shares fell to a multi-year low of $1.16 amid ongoing concerns over declining foot traffic, streaming competition, and weak film releases. CEO Adam Aron expressed confidence in a recovery driven by upcoming major releases, but long-term profitability remains uncertain.