AMC Entertainment Holdings, Inc

Can AMC's Leaner Theatre Portfolio Sustain EBITDA Momentum?

AMC Entertainment is optimizing its theatre portfolio by closing underperforming locations while expanding premium formats. Despite 26.5% lower attendance, Q2 2026 adjusted EBITDA rose 39.5% above 2019 levels, driven by 77 premium large-format and 193 XL auditoriums that generate significantly higher revenues and profitability. Peer companies Cinemark and Marcus Corporation also report strong EBITDA growth through similar premium format strategies and operational leverage.