AMC Entertainment Holdings Inc reported a net loss of $202.1 million for the first quarter of 2025, worsening from a net loss of $163.5 million in the same period of 2024. Total revenues declined to $862.5 million from $951.4 million year-over-year. Adjusted EBITDA also dropped to a negative $58.0 million compared to negative $21.2 million in Q1 2024. The company's financial results reflect a weak start to the year for the box office, marking the weakest first-quarter box office performance since 1996. Meanwhile, AMC Networks Inc experienced declines in both advertising and streaming revenues, missing Wall Street forecasts. Linear advertising revenue fell by 15%, and linear subscription revenue decreased by 12%, contributing to a 7% dip in overall revenue. Cineplex also reported a $36.6 million loss in the first quarter, attributing the decline to reduced theatre attendance amid a weaker film slate. These results highlight challenges faced by theatrical exhibition and media companies amid shifting consumer behaviors and content demand.
AMC Networks Continues to Suffer From Cable Cord Cutters, Sees 7% Dip in Revenue https://t.co/3kv7o09Y7R
Cineplex reports $36.6-million first-quarter loss as theatre attendance fell due to a weaker film slate https://t.co/nqwjYFI3s7
The rapidly disappearing profits of AMC Networks $AMCX should serve as a cautionary tale to any investors or management teams interested in spinning off linear cable networks into a standalone company Linear advertising down 15% Linear subscription revenue down 12% https://t.co/bTE0J7MAXY