AMC Entertainment Holdings, Inc. (AMC): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

Sumérgete en el mundo cinematográfico de AMC Entertainment Holdings, Inc., donde Silver Screen Magic cumple con la innovación empresarial estratégica. Desde multiplexes bulliciosos hasta experiencias digitales de vanguardia, AMC ha transformado la película de un pasatiempo simple en un ecosistema integral de entretenimiento. Este lienzo de modelo de negocio revela cómo la compañía navega por el complejo panorama de la exhibición de películas, aprovechando la tecnología, las asociaciones estratégicas y los enfoques centrados en el cliente para seguir siendo una fuerza dominante en la industria del entretenimiento.

AMC Entertainment Holdings, Inc. (AMC) - Modelo de negocios: asociaciones clave

Estudios de cine y distribuidores de películas

AMC mantiene asociaciones críticas con los principales estudios de cine y distribuidores:

Estudio/Distribuidor	Detalles de la asociación	Porcentaje de pantalla anual
Walt Disney Studios	Acuerdos de detección exclusivos de primera carrera	24.7%
Warner Bros.	Contratos de distribución a largo plazo	19.3%
Imágenes universales	Derechos de detección de primer nivel	16.5%

Proveedores de tecnología para sistemas de cine digital

AMC colabora con socios tecnológicos líderes:

• Christie Digital Systems - Proveedor de tecnología de proyección primaria
• Dolby Laboratories - Integración avanzada del sistema de sonido
• IMAX Corporation - Instalaciones de teatro de gran formato premium

Proveedores de concesión y alimentos

Proveedor	Categoría de productos	Valor anual del contrato
Compañía Coca-Cola	Adquisición de bebidas	$ 87.3 millones
Conagra Brands	Palomitas de maíz y bocadillos	$ 62.5 millones

Propietarios de lugares inmobiliarios y de teatro

La estrategia de asociación inmobiliaria de AMC incluye:

• Contratos de arrendamiento con 605 ubicaciones de teatro propietarias y arrendadas
• Asociaciones con desarrolladores de bienes raíces comerciales
• Arreglos de empresas conjuntas en mercados internacionales seleccionados

Valoración de la red total de la asociación: $ 425.6 millones

AMC Entertainment Holdings, Inc. (AMC) - Modelo de negocios: actividades clave

Teatros de cine operativos en todo el país

A partir de 2024, AMC opera 598 teatros con 6,962 pantallas totales en los Estados Unidos.

Categoría de ubicación del teatro	Número de teatros	Pantallas totales
Ubicaciones de los Estados Unidos	598	6,962

Proyección de películas de primera carrera y exitosa

AMC muestra aproximadamente 150-200 lanzamientos de películas anuales, con un promedio de 15-20 películas de gran éxito por año.

• Lanzamientos de películas anuales promedio: 150-200
• Principales proyecciones de gran éxito: 15-20 por año

Proporcionar experiencias premium de observación de películas

Formatos de experiencia premium	Número de formato de oferta de teatros
Pantallas IMAX	247
Pantallas de cine dolby	344
Pantallas AMC Prime	412

Administración de operaciones de teatro y servicio al cliente

AMC emplea a aproximadamente 24,500 miembros del personal en su red de teatro.

• Total de empleados: 24,500
• Empleados promedio por teatro: 41

AMC Entertainment Holdings, Inc. (AMC) - Modelo de negocios: recursos clave

Extensa red de ubicaciones de cine

A partir del cuarto trimestre de 2023, AMC opera 942 teatros con 10,376 pantallas totales en los Estados Unidos e internacionalmente.

Tipo de ubicación	Número de teatros	Pantallas totales
Estados Unidos	661	7,962
Internacional	281	2,414

Proyección digital avanzada y tecnologías de sonido

AMC ha invertido en tecnologías de teatro de gran formato premium:

• Pantallas IMAX: 365 ubicaciones
• Dolby Cinema: 246 ubicaciones
• Prime video pantallas: 421 ubicaciones

Personal de cine capacitado y gestión

Fuerza laboral total a partir de 2023: 14,342 empleados

Categoría de empleado	Número de empleados
Jornada completa	6,214
Tiempo parcial	8,128

Reconocimiento de marca fuerte

Métricas financieras que demuestran el valor de la marca:

• Capitalización de mercado: $ 501.2 millones (a partir de enero de 2024)
• Ingresos anuales (2022): $ 2.37 mil millones
• Seguidores de redes sociales: 5.3 millones en todas las plataformas

AMC Entertainment Holdings, Inc. (AMC) - Modelo de negocio: propuestas de valor

Experiencias de entretenimiento cinematográfico inmersivo

AMC ofrece experiencias de teatro de gran formato a través de su AMC IMAX y AMC Dolby Cinema formatos. A partir del tercer trimestre de 2023, AMC operaba 946 teatros con 10,573 pantallas en los Estados Unidos.

Formato de teatro	Número de pantallas	Características únicas
Teatros IMAX	378 pantallas	Tecnología de audio visual y de audio mejorada
Cine de dolby	252 pantallas	Calidad de sonido e imagen avanzada

Diversa selección de películas en múltiples géneros

AMC ofrece ofertas completas de películas en varios géneros.

• Títulos de películas mensuales promedio: 25-30 películas diferentes
• Asignación de pantalla: 60% convencional, 25% independiente, 15% de películas internacionales
• Ingresos anuales de taquilla (2022): $ 2.37 mil millones

Teatros cómodos y tecnológicamente avanzados

AMC invierte en experiencias de teatro premium con asientos y tecnología avanzados.

Mejora del teatro	Porcentaje de teatros	Calificación de satisfacción del cliente
Asientos reclinables	65%	4.2/5
Asiento reservado	90%	4.5/5

Opciones convenientes de observación de películas

AMC proporciona múltiples plataformas de visualización para mejorar la conveniencia del cliente.

• Proyecciones de teatro tradicionales
• Transmisión digital de AMC a pedido
• Experiencias de cine virtual
• Compra de boletos en línea: 72% de la venta de boletos

Servicios de suscripción: AMC Stubs A-List Membresía con 900,000 suscriptores activos a partir del tercer trimestre de 2023.

AMC Entertainment Holdings, Inc. (AMC) - Modelo de negocios: relaciones con los clientes

Programa de lealtad (AMC Stubs)

El programa de membresía de AMC Stubs tiene la siguiente estructura de nivel:

Nivel de membresía	Costo anual	Beneficios clave
AMC Stubs Insider	Gratis	Gane puntos en compras
Estreno de AMC Stubs	$ 15.99/año	Tarifas en línea renunciadas, actualizaciones de tamaño gratuito

Plataformas de boletos digitales y reservas en línea

Estadísticas de plataforma digital:

• Descargas de aplicaciones móviles: 7.2 millones a partir del tercer trimestre 2023
• Venta de entradas en línea: 65% de las transacciones totales de boletos
• Sitio web Visitantes mensuales: 12.4 millones de visitantes únicos

Recomendaciones de películas personalizadas

Características del sistema de recomendación:

Característica	Detalles
Algoritmo de recomendación	Basado en la vista de la historia y las preferencias
Precisión de personalización	72% Tasa de participación del usuario

Compromiso en las redes sociales y atención al cliente

Métricas de redes sociales:

• Seguidores de Twitter: 2.1 millones
• Seguidores de Instagram: 1.8 millones
• Tiempo de respuesta promedio en la atención al cliente: 3.2 horas
• Calificación de satisfacción del cliente: 4.1/5

AMC Entertainment Holdings, Inc. (AMC) - Modelo de negocios: canales

Sitios web de reservas de boletos en línea

AMC opera múltiples plataformas de reserva de boletos en línea:

• Sitio web oficial de los teatros de AMC: www.amctheatres.com
• Visitantes únicos mensuales promedio: 12.4 millones

Plataforma	Volumen de venta de entradas en línea (2023)	Porcentaje de venta total de entradas
AMC.com	37.6 millones de boletos	42.3%
Sitios web de terceros	22.4 millones de boletos	25.2%

Aplicaciones de teléfonos inteligentes móviles

Características de la aplicación móvil de AMC:

• Descargas totales de aplicaciones: 18.7 millones
• Usuarios activos mensuales: 6.2 millones

Plataforma móvil	Descargas de aplicaciones	Venta de entradas a través de móvil
aplicación de iOS	8.9 millones	24,6 millones de boletos
Aplicación Android	9.8 millones	26.3 millones de boletos

Oficinas de cajas de teatro físicas

AMC opera 947 teatros con oficinas de caja física en los Estados Unidos.

Tipo de taquilla	Número de ubicaciones	Volumen de venta de entradas
Oficinas de caja tradicionales	947	15.3 millones de boletos
Quioscos de autoservicio	623	8,7 millones de boletos

Plataformas de boletos de terceros

AMC se asocia con múltiples servicios de boletos externos:

• Fandango: 22.4 millones de boletos vendidos
• Boletos Atom: 8.6 millones de boletos vendidos
• Movietickets.com: 5.3 millones de boletos vendidos

Plataforma de terceros	Venta total de boletos	Participación de ingresos
Fandango	22.4 millones de boletos	$ 67.2 millones
Boletos de átomo	8,6 millones de boletos	$ 25.8 millones

AMC Entertainment Holdings, Inc. (AMC) - Modelo de negocios: segmentos de clientes

Entusiastas de las películas

A partir del cuarto trimestre de 2023, AMC reportó 62.1 millones de proyecciones de películas en total. El precio promedio del boleto fue de $ 10.47.

Desglose demográfico	Porcentaje
Visitantes de cine frecuentes (más de 4 veces/año)	22%
Asistentes del festival de cine	8%
Buscadores de experiencia cinematográfica	15%

Adolescentes y adultos jóvenes

El grupo demográfico central de AMC de 13 a 34 años representa el 45% de la audiencia total.

• Gasto promedio por visita: $ 24.63
• Géneros de cine preferidos: acción, superhéroe, comedia
• Canal de participación primaria: aplicación móvil con 6.2 millones de usuarios activos

Familias que buscan entretenimiento

La venta de entradas para el grupo familiar constituye el 28% de los ingresos totales de boletos en 2023.

Métricas de segmento familiar	Valor
Tamaño promedio del grupo familiar	3.7 personas
Proyecciones familiares de fin de semana	37% de las proyecciones totales
Ingresos anuales del grupo familiar	$ 412 millones

Buscadores de experiencia en cine y cine

Las proyecciones de formato premium generaron $ 227 millones en 2023.

• Elegaciones de IMAX: 16% de las proyecciones totales
• Asistencia al cine de Dolby: 9% de las proyecciones premium
• Precio promedio de boletos premium: $ 18.75

AMC Entertainment Holdings, Inc. (AMC) - Modelo de negocio: Estructura de costos

Mantenimiento y operaciones del teatro

Costos anuales de mantenimiento del teatro para AMC en 2023: $ 187.4 millones

Categoría de costos	Gasto anual
Reparaciones de instalaciones	$ 62.3 millones
Limpieza y saneamiento	$ 41.6 millones
Utilidades	$ 83.5 millones

Salarios y capacitación del personal

Costos laborales anuales totales para AMC en 2023: $ 521.6 millones

• Salario promedio por hora para el personal del teatro: $ 14.25
• Gastos de capacitación anual: $ 16.7 millones
• Salarios de gestión: $ 89.3 millones

Inversiones de tecnología y equipos

Inversión tecnológica total en 2023: $ 124.8 millones

Categoría de tecnología	Monto de la inversión
Sistemas de proyección digital	$ 53.2 millones
Equipo de sonido	$ 37.6 millones
Infraestructura	$ 33.9 millones

Licencias de películas y tarifas de distribución

Gastos totales de licencia de películas en 2023: $ 412.5 millones

• Tarifas de licencias de estudio importantes: $ 276.3 millones
• Distribución de películas independientes: $ 86.7 millones
• Derechos de cine internacionales: $ 49.5 millones

Estructura total de costos anuales para AMC en 2023: $ 1,246.3 millones

AMC Entertainment Holdings, Inc. (AMC) - Modelo de negocios: flujos de ingresos

Venta de entradas de cine

Para el año fiscal 2023, AMC reportó ingresos totales de $ 3.17 mil millones. Las ventas de entradas de cine representaron específicamente aproximadamente $ 1.92 mil millones de ingresos totales.

Métrica de venta de entradas	Valor 2023
Ingresos totales de boletos	$ 1.92 mil millones
Precio promedio de boleto	$10.47
Admisiones totales	183.3 millones

Concesión e ingresos por alimentos

Las ventas de concesión para AMC en 2023 totalizaron $ 1.05 mil millones, lo que representa una porción significativa de los ingresos no de los boletos.

Métrica de concesión	Valor 2023
Ingresos totales de concesión	$ 1.05 mil millones
Gasto promedio de concesión por patrón	$5.73

Proyecciones de formato premium

Las proyecciones de formato premium de AMC, incluidos IMAX y Dolby, generaron aproximadamente $ 280 millones en 2023.

• Recuento de pantalla IMAX: 365 teatros
• Dolby Cinema Canter Count: 250 teatros
• Ingresos de formato premium: $ 280 millones

Ingresos por publicidad y patrocinio

Los ingresos por publicidad y patrocinio de AMC para 2023 se estimaron en $ 45 millones.

Fuente de ingresos publicitarios	Valor 2023
Publicidad en pantalla	$ 35 millones
Acuerdos de patrocinio	$ 10 millones

AMC Entertainment Holdings, Inc. (AMC) - Canvas Business Model: Value Propositions

You're looking at the core reasons customers choose AMC Entertainment Holdings, Inc. over other options, especially as the company focuses on premiumization and unique events. The numbers from the third quarter of 2025 definitely show where the value is being captured.

Premium, differentiated moviegoing experience (recliner seats, laser projection)

The push for a better seat and better picture is clearly working when you look at the revenue metrics. AMC Entertainment Holdings, Inc. has heavily deployed its signature power-recliner seats and laser projection technology across its footprint of approximately 860 theatres globally as of August 2025. This focus on premium auditoriums is a key differentiator; for instance, these premium spaces were reported to be operating at close to three times the occupancy of a regular auditorium during the second quarter of 2025. This preference translates directly into higher revenue capture per ticket.

The success of this strategy is visible when comparing the admissions revenue per patron year-over-year and against historical benchmarks:

• Admissions revenue per patron hit an all-time record of $12.25 in the third quarter of 2025.
• This figure was 50% higher than the domestic admissions revenue per patron recorded in the third quarter of 2019.
• For context, in the second quarter of 2025, the consolidated admissions revenue per patron was $12.14.

High-quality, high-margin food and beverage options

Food and beverage (F&B) is a major profit driver, and the data shows guests are spending more on these items. The strategy here is to offer enhanced choices that carry better margins than standard concessions. The third quarter of 2025 saw F&B revenue per patron reach $7.74, which was the second-highest in the company's 105-year history.

When you combine the premium ticket price with the higher F&B spend, the total value proposition per customer becomes quite substantial. Here's a quick look at how the revenue per patron stacked up across the first three quarters of 2025:

Metric	Q2 2025 Value	Q3 2025 Value
Admissions Revenue Per Patron	$12.14	$12.25
Food & Beverage Revenue Per Patron	$7.95 (Record)	$7.74 (Second Highest)
Total Consolidated Revenue Per Patron	$22.26 (Unprecedented)	Not explicitly stated for Q3 2025, but implied higher than Q2 due to strong F&B and Admissions.

The underlying profitability of this is supported by the contribution margin figures. The consolidated contribution margin per patron was approximately 54% higher than pre-pandemic levels in 2019. Domestically, the contribution margin per patron saw an even greater lift, coming in 57.5% higher than in the third quarter of 2019.

Exclusive access to event-style content (e.g., concert films)

AMC Entertainment Holdings, Inc. uses its platform to host unique, limited-time theatrical events that drive attendance even when the traditional film slate is soft. A prime example from the third quarter of 2025 was the one-weekend screening of TAYLOR SWIFT | THE OFFICIAL RELEASE PARTY OF A SHOWGIRL. This event was showcased on approximately 6,500 movie theatre screens across 56 countries.

The financial impact of this type of exclusive content was significant for that period:

• The event generated some $50 million in total box office receipts.
• Domestically, the event accounted for $34 million in box office.
• Internationally, it brought in another $16 million.

Social and cultural destination for out-of-home entertainment

The value proposition extends beyond the seat and the snack; it's about being the primary choice for out-of-home entertainment. The company's ability to command higher prices and capture more market share demonstrates its perceived value as a destination. In the third quarter of 2025, AMC increased its market share to approximately 24% of the domestic box office, even as the domestic industry box office declined by 11.1% year-over-year.

This suggests that when consumers choose to go out, a larger percentage of them are choosing AMC Entertainment Holdings, Inc. venues. The total consolidated revenue for the third quarter of 2025 was $1.3 billion, which was up 7.5% year-over-year.

AMC Entertainment Holdings, Inc. (AMC) - Canvas Business Model: Customer Relationships

Automated engagement for AMC Entertainment Holdings, Inc. centers heavily on its tiered loyalty and subscription ecosystem, designed to capture repeat business and gather customer data.

As of the end of 2024, the combined total enrollment across the AMC Stubs tiers-A-List, Premiere, and Insider-stood at approximately 35 million member households. These Stubs members were responsible for about 49% of U.S. market attendance for the year ended December 31, 2024. The program structure evolved in 2025 with the introduction of AMC Stubs Premiere GO! on January 1, 2025, an achievable upgrade for Insider members who visit at least 8 movies or earn 5,000 AMC Stubs points in a calendar year. This new tier offers benefits like 2x points per $1 spent and waived online ticket fees for purchases of 4+ tickets simultaneously. Furthermore, a new, high-value offering, the AMC Popcorn Pass, rolled out around December 1, 2025, priced at $29.99 for access to 50% off a large popcorn bucket daily through the end of 2026. This is supported by the fact that AMC's gross margin on concessions reached a high of 80% through the first nine months of 2025, meaning discounted popcorn still contributes significantly to margin, especially when driving ancillary sales.

The high-touch experience is driven by the company's focus on premium formats, which command higher spending and occupancy rates.

• Premium auditoriums operate at close to three times the occupancy of a regular auditorium.
• On Saturday, April 5, 2025, 33% of AMC's U.S. attendance came from its Premium Large Format (PLF) screens and RealD 3D screens.
• The subscription tier, AMC Stubs A-List, which allows up to three movies per week including premium formats, had 28 percent of its enrolled members under the age of 30.

The success of this premiumization strategy is reflected in the per-patron spending metrics recorded in the second quarter of 2025.

Metric	Amount (Q2 2025)
Total Consolidated Revenue Per Patron	$22.26
Consolidated Admissions Revenue Per Patron	$12.14
Consolidated Food and Beverage Revenue Per Guest	$7.95

These records validate the strategy of delivering an elevated out-of-home entertainment experience.

Direct digital engagement is managed through the mobile app and website for ticketing and information dissemination. As of Q2 2025, the 'AMC Theatres: Movies & More' app saw its weekly active users climb to approximately 568.6K by the end of June. Estimates suggested a daily download rate of about 4,333 people for AMC's mobile apps in late 2025, an increase over the 30-day moving average of 2,455 daily downloads. The app is a key channel for event promotion, such as providing details for the special Stranger Things finale screenings scheduled for December 31, 2025.

Community-driven engagement with retail investors, often referred to as Apes, remains a distinct, albeit non-traditional, relationship for AMC Entertainment Holdings, Inc. This group provided crucial liquidity through equity raises, which were instrumental in the company's survival. In the broader U.S. equity market in 2025, retail investors consistently accounted for approximately 20-21% of daily trading volume. For context on institutional ownership, which contrasts with the retail base, institutions held about 44% of the company as of early 2025, with The Vanguard Group, Inc. holding 8.5% and BlackRock, Inc. holding 6.2% of shares outstanding.

AMC Entertainment Holdings, Inc. (AMC) - Canvas Business Model: Channels

You're looking at how AMC Entertainment Holdings, Inc. gets its product-the movie-going experience-to the customer base as of late 2025. The channels are a mix of physical presence and digital touchpoints.

Physical theater locations across the U.S. and international markets remain the core channel. As of September 30, 2025, AMC owned or operated approximately 860 theatres across the globe, encompassing about 9,600 screens worldwide. Domestically, the footprint was reported at 534 AMC Theatres locations as of October 08, 2025. This physical network has seen strategic pruning; the company reported a net reduction of 139 locations since 2020, resulting from 204 closures offset by 65 openings reported through Q2 2025.

Here is a breakdown of the physical footprint:

Geographic Segment	Approximate Number of Theatres (as of Sept 30, 2025)	Approximate Number of Screens (as of Sept 30, 2025)
Global Total	860	9,600
United States (as of Oct 8, 2025)	534	Not specified in same report

The digital front is critical for driving attendance to these physical locations. The AMC website and mobile app serve as primary points of transaction and engagement. This digital ecosystem is tightly integrated with the AMC Stubs loyalty program. For the year ended December 31, 2024, which sets the baseline for 2025 digital behavior, approximately 70% of U.S. tickets were purchased online. Critically, of those online purchases, about 85% were made directly through AMC's own website and mobile apps, showing strong channel capture. The loyalty program itself is a channel driver; as of December 31, 2024, the combined A-List, Premiere, and Insider programs had approximately 35 million member households, representing about 49% of U.S. market attendance for that year. In Q2 2025, about half of total U.S. ticket-buying guests were Stubs members. The app and website are also used to promote special events, such as the Stranger Things finale engagement held at 200 U.S. AMC locations on December 31, 2025.

AMC also utilizes a direct distribution channel for self-distributed content like concert films. This initiative, AMC Theatres Distribution, was launched in 2023 and continues to be a focus, with Q3 2025 results reflecting the strength of these innovative distribution abilities.

The final key channel involves third-party ticketing platforms (e.g., Fandango). While AMC drives the majority of its online sales directly, tickets are also purchased through these external vendors. The company's strategy focuses on maximizing direct sales through its owned digital properties to better control the guest experience and data capture.

You can see the digital capture effort here:

• U.S. Online Ticket Purchase Share (2024 baseline): 70% of total U.S. tickets.
• Direct Digital Capture Rate (of online sales, 2024 baseline): 85% purchased via AMC website/app.
• Stubs Loyalty Program Penetration (Q2 2025): About 50% of U.S. ticket-buying guests.
• Special Event Channel Reach (Stranger Things finale, Dec 2025): 200 U.S. locations.

Finance: draft 13-week cash view by Friday.

AMC Entertainment Holdings, Inc. (AMC) - Canvas Business Model: Customer Segments

You're analyzing the core audience for AMC Entertainment Holdings, Inc. as of late 2025. The company clearly segments its patrons based on their viewing habits and commitment level, which directly impacts how they price and market their offerings.

Core moviegoers seeking first-run Hollywood films represent the foundational base. While the industry faced a weak start, Q2 2025 saw global attendance reach nearly 63 million guests, a 25.6% increase over the prior year period. To keep these guests coming back, AMC is focused on the quality of the experience; for instance, the U.S. admissions revenue per patron hit a record $12.25 in the third quarter of 2025. Still, the domestic industry box office in Q3 2025 was down 11.1% year-over-year, showing the ongoing challenge of drawing consistent foot traffic. AMC management projects the full-year 2025 box office could be $500 million to $900 million higher than 2024.

Next, you have the premium format enthusiasts willing to pay surcharges for PLF. These guests clearly value the enhanced experience, which AMC is actively expanding. On Saturday, April 5, 2025, a strong indicator of this segment's value, 33% of AMC's U.S. attendance came from its Premium Large Format (PLF) screens and RealD 3D auditoriums. These patrons drive up per-guest spending; for example, consolidated total revenue per patron hit an unprecedented $22.26 in Q2 2025.

The company also targets event-driven audiences for concerts, live sports, and non-traditional content, using its distribution arm to create unique, high-draw events. A prime example from Q3 2025 was the one-weekend screening of TAYLOR SWIFT | THE OFFICIAL RELEASE PARTY OF A. SHOWGIRL. This event was showcased on approximately 6,500 movie theatre screens across 56 countries and generated some $50 million in box office receipts ($34 million domestically and $16 million internationally). This shows a segment willing to pay for exclusive, limited-time theatrical events.

Finally, the segment of retail investors who are also loyal customers is critical for recurring revenue and data capture. The AMC Stubs loyalty program is central here. As of a recent report, the U.S. AMC Stubs program stands at more than 12 million member households, providing insights into the habits of more than 30 million moviegoers. The tiered structure caters to different levels of engagement, from the free Insider tier to the paid A-List subscription.

Here's a quick look at the metrics tied to these highly engaged loyalty customers:

Metric	Value (Latest Available)	Context/Date
AMC Stubs Member Households (U.S.)	More than 12 million	Latest reported figure
Moviegoers Represented (U.S.)	More than 30 million	Based on U.S. average household size
U.S. Admissions Revenue Per Patron	$12.25 (Record High)	Q3 2025
Consolidated Admissions Revenue Per Patron	$12.14 (Record)	Q2 2025
AMC Stubs Premiere Annual Fee	$17.99	Standard fee

The A-List service, which allows members to see up to three movies weekly for a fixed monthly fee, is designed to foster consistent engagement. The company is actively working to grow this base, aiming for 50 million loyalty customers globally in the foreseeable future.

You can see the breakdown of overall revenue by segment for the Trailing Twelve Months ending June 30, 2025, which helps quantify the importance of each group:

• Admissions: $2.70B
• Food and Beverage: $1.72B
• Other: $494.30M

AMC Entertainment Holdings, Inc. (AMC) - Canvas Business Model: Cost Structure

You're looking at the core expenses that keep the lights on and the projectors running at AMC Entertainment Holdings, Inc. (AMC). Honestly, for a company with this many physical locations, the cost structure is heavily weighted toward fixed commitments, which means revenue needs to be consistent just to cover the basics.

The fixed cost base is substantial, driven heavily by real estate obligations. For the nine months ended September 30, 2025, the reported Rent expense alone hit $664.8 million. That number represents the cost of keeping the vast majority of AMC's approximately 860 theaters operational globally. This is a classic fixed cost in the exhibition business; whether the house is full or empty, that rent payment is due.

Then you have the financial structure costs, which have been a major focus area, especially after recent capital activity. Interest expense on corporate borrowings was $337.6 million for the same nine-month period in 2025. You'll see that despite efforts to strengthen the balance sheet, including a transformative July 2025 refinancing, the interest burden remains significant.

Here's a quick look at some of the major cost categories from the Condensed Consolidated Statements of Operations for the nine months ended September 30, 2025, all amounts in millions:

Cost Component	Amount (9 Months Ended Sep. 30, 2025)
Rent	$664.8
Interest Expense: Corporate Borrowings	$337.6
Operating Expense, excluding depreciation and amortization	$1,316.3
Depreciation and Amortization	$233.3

The variable costs are tied directly to the box office performance. Film exhibition costs-the split of the ticket revenue you give to the movie studios-are the primary variable expense. While the specific line item for film rental isn't isolated in the requested format, the overall 'Operating costs and expenses' before depreciation and amortization were $3,578.1 million for the nine months ended September 30, 2025. A significant portion of the Admissions operating costs, which were $949.3 million for the nine months, goes to the studios.

Labor and utility costs fall under the broader operating expenses. These are semi-variable; you need a baseline staff and utilities to open the doors, but staffing levels and energy usage fluctuate based on daily attendance and operating hours. For the nine months ended September 30, 2025, the 'Operating expense, excluding depreciation and amortization below' was $1,316.3 million. This category absorbs the day-to-day costs of running the theaters.

To be fair, AMC is actively managing the physical footprint, which directly impacts those fixed lease costs. For instance, in 2025, they closed 17 net locations. That's a direct action aimed at reducing the fixed cost base over time.

You can also see how these costs stack up against revenue in the third quarter of 2025:

• Total Revenues (Q3 2025): $1,300.2 million.
• Total Operating Costs and Expenses (Q3 2025): $1,264.4 million.
• Interest Expense: Corporate Borrowings (Q3 2025): $119.0 million.
• Net loss for Q3 2025: $(298.2) million.

Finance: draft 13-week cash view by Friday.

AMC Entertainment Holdings, Inc. (AMC) - Canvas Business Model: Revenue Streams

You're looking at the core ways AMC Entertainment Holdings, Inc. brings in cash as of late 2025. It's a mix of the classic movie theater model and some newer, event-driven income streams. Honestly, the per-patron spending is where the real story is right now.

The total revenue for the first nine months of the fiscal year, ending September 30, 2025, reached $3,560.6 million.

The primary drivers of this revenue fall into a few key categories, with per-patron metrics showing significant yield improvement:

• Admissions revenue (Q2 2025 record: $12.14 per patron)
• Food & Beverage revenue (Q2 2025 record: $7.95 per patron)

The company continues to monetize its premium offerings through specific charges. Surcharges from Premium Large Format (PLF) screens, like IMAX and Dolby Cinema, are a crucial component, as these auditoriums run at significantly higher occupancy and command higher ticket prices than standard screens.

Alternative content distribution fees are also becoming a notable, albeit episodic, revenue source. For example, the one-weekend screening event for the Taylor Swift theatrical release in October 2025 generated approximately $50 million in box office receipts.

Here's a look at how some of these key revenue metrics stacked up across the second and third quarters of 2025:

Revenue Metric	Q2 2025 Result	Q3 2025 Result
Admissions Revenue Per Patron	$12.14	$12.25
Food & Beverage Revenue Per Patron	$7.95	$7.74
Total Consolidated Revenue Per Patron	$22.26	Not explicitly stated
Total Quarterly Revenue	$1,397.9 million	$1,300.2 million

The shift in per-patron spending, especially in admissions, shows the success of AMC Entertainment Holdings, Inc.'s premiumization strategy. Even when overall industry box office softened in Q3 2025, the higher per-ticket price helped stabilize the admissions revenue stream.

Other revenue components that feed into the top line include:

• Rental income from third-party operators in some locations.
• Revenue from loyalty programs and ancillary services.
• Fees related to distribution agreements for non-traditional film content.

To be fair, the Q3 2025 total revenue of $1,300.2 million was slightly below the Q3 2024 figure of $1,348.8 million, reflecting industry softness, but the per-patron achievements are defintely the focus for future growth.

Finance: draft 13-week cash view by Friday.