AMC Stock Soars On Earnings And The Odyssey

AMC Entertainment (NYSE: AMC) shares surged more than 11% Monday, opening above $2, after the world's largest theater operator posted a blowout second-quarter earnings report and rode the record-shattering opening weekend of Christopher Nolan's "The Odyssey." AMC reported Q2 2026 adjusted earnings of $0.14 per share, dramatically better than the analyst consensus that called for a $0.04 per share loss. Revenue grew 14% year-over-year to $1.59 billion, beating the $1.5 billion FactSet consensus. Adjusted EBITDA jumped 70% to $321.4 million, exceeding $300 million for the first time in company history, and AMC generated $190.1 million in free cash flow during the quarter. Total attendance rose nearly 14%. Separately, AMC said more than 4.3 million moviegoers worldwide attended its U.S. AMC Theatres and international ODEON Cinemas from Thursday through Sunday, led by "The Odyssey," which delivered AMC's biggest R-rated opening weekend across its U.S. circuit since 2024. Universal's Nolan epic pulled in an estimated $124.5 million domestically and $139.6 million internationally, for a global opening of $264.1 million, the biggest of Nolan's career. CEO Adam Aron called the results "extraordinary" and the best in the company's 106-year history, saying "the relentless focus of AMC on delighting our guests as we execute with all cylinders blazing is reflected in our record-setting second quarter financial results." Despite Monday's rally, AMC shares are still down roughly 99% from their record closing high of $339.05 set during the 2021 meme-stock frenzy. IMAX (NYSE: IMAX) shares gained about 3.2% and Cinemark Holdings (NYSE: CNK) rose 3.6% in sympathy. --- #AMC #stocks #TheOdyssey 🌐 Find more market-moving insights at https://www.benzinga.com — your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets. 🖥️ Want the same tools the pros use—without the $10K Bloomberg terminal? Benzinga Edge gives you real-time portfolio alerts, weekly stock picks, and pro-grade research in one command center. 👉 https://bit.ly/4unSKiB ------------------------------------------------------------------------------------ 📲 Follow us on socials @benzinga 🔔 Subscribe To The Channel: https://www.youtube.com/@Benzinga ------------------------------------------------------------------------------------ ⚠️ Disclaimer: Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes.