AMC jumps on record revenue as CEO rebuts doomsayers

AMC Entertainment shares surged after the company posted a quarterly record revenue of $1.6 billion and an all-time high adjusted EBITDA, with CEO Adam Aron pushing back on prognosticators of doom. The beat was helped by big releases like The Super Mario Galaxy Movie and The Odyssey, plus domestic ticket revenue up about 11% and European attendance up 18%. The company has funded a balance sheet through public offerings (diluting existing shareholders) but remains a closely watched meme stock; Aron had taken a 25% pay reduction in 2024. Year-to-date the stock is up about 49%, though the five-year drop from its 2021 high around $450 remains steep.