AMC Entertainment Holdings, Inc. (AMC): Business Model Canvas [Jan-2025 Mis à jour]

Plongez dans le monde cinématographique d'AMC Entertainment Holdings, Inc., où Silver Screen Magic rencontre l'innovation commerciale stratégique. Des multiplexes animés aux expériences numériques de pointe, AMC a transformé le cinéma d'un simple passe-temps en un écosystème de divertissement complet. Cette toile de modèle commercial révèle comment l'entreprise navigue dans le paysage complexe de l'exposition de films, tirant parti de la technologie, des partenariats stratégiques et des approches centrées sur le client pour rester une force dominante dans l'industrie du divertissement.

AMC Entertainment Holdings, Inc. (AMC) - Modèle commercial: partenariats clés

Studios de cinéma et distributeurs de films

AMC entretient des partenariats critiques avec les grands studios de cinéma et distributeurs:

Studio / distributeur	Détails du partenariat	Pourcentage d'écran annuel
Studios Walt Disney	Accords de dépistage exclusifs de première course	24.7%
Warner Bros.	Contrats de distribution à long terme	19.3%
Images universelles	Droits de dépistage de premier plan	16.5%

Provideurs de technologie pour les systèmes de cinéma numérique

AMC collabore avec les principaux partenaires technologiques:

• Christie Digital Systems - Primaire Projection Technology
• Dolby Laboratories - Intégration avancée du système audio
• IMAX Corporation - Installations de théâtre de grand format premium

Fournisseurs de concession et d'alimentation

Fournisseur	Catégorie de produits	Valeur du contrat annuel
Coca-Cola Company	Achat de boissons	87,3 millions de dollars
Marques de conagra	Pop-corn et fournitures de collation	62,5 millions de dollars

Propriétaires de salles immobilières et de théâtre

La stratégie de partenariat immobilier de l'AMC comprend:

• Accords de location avec 605 emplacements de théâtre appartenant et loués
• Partenariats avec des promoteurs immobiliers commerciaux
• Arrangements de coentreprise sur certains marchés internationaux

Évaluation totale du réseau de partenariat: 425,6 millions de dollars

AMC Entertainment Holdings, Inc. (AMC) - Modèle d'entreprise: activités clés

Cinéma opérationnels à l'échelle nationale

En 2024, AMC exploite 598 théâtres avec 6 962 écrans au total aux États-Unis.

Catégorie de localisation du théâtre	Nombre de théâtres	Écrans totaux
United States Lieu	598	6,962

Projection des films de première course et de blockbuster

AMC projette environ 150-200 sorties de films par an, avec une moyenne de 15-20 films à succès majeur par an.

• Sormes de film annuelles moyennes: 150-200
• Prix ​​de blockbuster majeurs: 15-20 par an

Fournir des expériences d'observation de films premium

Formats d'expérience premium	Nombre de théâtres offrant le format
Écrans IMAX	247
Écrans de cinéma Dolby	344
Écrans AMC Prime	412

Gérer les opérations de théâtre et le service client

L'AMC emploie environ 24 500 membres du personnel dans tout son réseau de théâtre.

• Total des employés: 24 500
• Employés moyens par théâtre: 41

AMC Entertainment Holdings, Inc. (AMC) - Modèle commercial: Ressources clés

Network étendu des emplacements de cinéma

Au quatrième trimestre 2023, AMC exploite 942 théâtres avec 10 376 écrans totaux aux États-Unis et à l'étranger.

Type d'emplacement	Nombre de théâtres	Écrans totaux
États-Unis	661	7,962
International	281	2,414

Projection numérique avancée et technologies sonores

L'AMC a investi dans des technologies de théâtre à grand format haut de gamme:

• Écrans IMAX: 365 emplacements
• Dolby Cinema: 246 emplacements
• Prime Video Screens: 421 Emplacements

Personnel de cinéma formé et gestion

Total de la main-d'œuvre en 2023: 14 342 employés

Catégorie des employés	Nombre d'employés
À temps plein	6,214
À temps partiel	8,128

Solide reconnaissance de la marque

Mesures financières démontrant la valeur de la marque:

• Capitalisation boursière: 501,2 millions de dollars (en janvier 2024)
• Revenus annuels (2022): 2,37 milliards de dollars
• Abonnés des médias sociaux: 5,3 millions sur toutes les plateformes

AMC Entertainment Holdings, Inc. (AMC) - Modèle d'entreprise: propositions de valeur

Expériences de divertissement cinématographique immersives

AMC propose des expériences de théâtre de grand format haut de gamme à travers son AMC IMAX et Cinéma AMC Dolby formats. Au troisième rang 2023, AMC a exploité 946 théâtres avec 10 573 écrans à travers les États-Unis.

Format de théâtre	Nombre d'écrans	Caractéristiques uniques
Théâtres IMAX	378 écrans	Technologie visuelle et audio améliorée
Cinéma Dolby	252 écrans	SON SON AVANCÉ ET QUALITÉ D'IMAGE

Sélection de films diversifiés sur plusieurs genres

AMC propose des offres de films complètes dans divers genres.

• Titres de film mensuels moyens: 25-30 films différents
• Attribution d'écran: 60% grand public, 25% indépendant, 15% de films internationaux
• Revenu annuel du box-office (2022): 2,37 milliards de dollars

Théâtres confortables et technologiquement avancés

AMC investit dans des expériences théâtrales premium avec des sièges et une technologie avancés.

Amélioration du théâtre	Pourcentage de théâtres	Évaluation de satisfaction du client
Sièges inclinables	65%	4.2/5
Sièges réservés	90%	4.5/5

Options d'observation des films pratiques

AMC fournit plusieurs plates-formes de visualisation pour améliorer la commodité des clients.

• Projections de théâtre traditionnelles
• AMC à la demande en streaming numérique
• Expériences de cinéma virtuel
• Achats de billets en ligne: 72% des ventes de billets

Services d'abonnement: Amc Stubs A-list adhésion à 900 000 abonnés actifs au cours du troisième trimestre 2023.

AMC Entertainment Holdings, Inc. (AMC) - Modèle d'entreprise: relations clients

Programme de fidélité (AMC Stubs)

Le programme d'adhésion AMC Stum a la structure de niveau suivant:

Niveau d'adhésion	Coût annuel	Avantages clés
AMC Stubs Insider	Gratuit	Gagnez des points sur les achats
AMC Stubs Premiere	15,99 $ / an	Ronction des frais en ligne, mises à niveau de taille gratuite

Plate-forme de billetterie numérique et de réservation en ligne

Statistiques de la plate-forme numérique:

• Téléchargements d'applications mobiles: 7,2 millions au troisième trimestre 2023
• Ventes de billets en ligne: 65% du total des transactions de billets
• Visiteurs mensuels du site Web: 12,4 millions de visiteurs uniques

Recommandations de films personnalisés

Caractéristiques du système de recommandation:

Fonctionnalité	Détails
Algorithme de recommandation	Basé sur l'historique et les préférences de visualisation
Précision de la personnalisation	Taux d'engagement de 72%

Engagement des médias sociaux et support client

Métriques des médias sociaux:

• Abonnés Twitter: 2,1 millions
• Followers Instagram: 1,8 million
• Temps de réponse moyen sur le support client: 3,2 heures
• Évaluation de satisfaction du client: 4.1 / 5

AMC Entertainment Holdings, Inc. (AMC) - Modèle d'entreprise: canaux

Sites Web de réservation de billets en ligne

AMC exploite plusieurs plateformes de réservation de billets en ligne:

• AMC Theatres Site officiel: www.amctheatres.com
• Visiteurs uniques mensuels moyens: 12,4 millions

Plate-forme	Volume de vente de billets en ligne (2023)	Pourcentage de la vente totale de billets
AMC.com	37,6 millions de billets	42.3%
Sites Web tiers	22,4 millions de billets	25.2%

Applications de smartphone mobile

Caractéristiques de l'application mobile d'AMC:

• Total des téléchargements d'applications: 18,7 millions
• Utilisateurs actifs mensuels: 6,2 millions

Plate-forme mobile	Téléchargements d'applications	Ventes de billets via mobile
Application iOS	8,9 millions	24,6 millions de billets
Application Android	9,8 millions	26,3 millions de billets

Bureaux de boîte de théâtre physique

AMC exploite 947 théâtres avec des bureaux de caisse physiques à travers les États-Unis.

Type à box-office	Nombre d'emplacements	Volume de vente de billets
Bureaux de boîte traditionnelle	947	15,3 millions de billets
Kiosques en libre-service	623	8,7 millions de billets

Plates-formes de billetterie tierces

AMC s'associe à plusieurs services de billetterie externe:

• Fandango: 22,4 millions de billets vendus
• Billets d'atom: 8,6 millions de billets vendus
• MovieTtickets.com: 5,3 millions de billets vendus

Plate-forme tierce	Ventes totales de billets	Part des revenus
Fandango	22,4 millions de billets	67,2 millions de dollars
Billets d'atome	8,6 millions de billets	25,8 millions de dollars

AMC Entertainment Holdings, Inc. (AMC) - Modèle d'entreprise: segments de clients

Passionnés de films

Au quatrième trimestre 2023, AMC a rapporté 62,1 millions au total des projections de films. Le prix moyen des billets était de 10,47 $.

Ventilation démographique	Pourcentage
Visiteurs de cinéma fréquents (4+ fois / an)	22%
Casqueurs du festival du film	8%
SECHERNEMENTS D'EXPÉRIENCE CINÉMATIQUE	15%

Adolescents et jeunes adultes

Le cœur démographique de l'AMC âgé de 13 à 34 ans représente 45% du public total.

• Dépenses moyennes par visite: 24,63 $
• Genres du film préféré: action, super-héros, comédie
• Canal de fiançailles principal: application mobile avec 6,2 millions d'utilisateurs actifs

Les familles à la recherche de divertissements

Les ventes de billets de groupe familiaux représentent 28% du total des revenus des billets en 2023.

Métriques du segment de la famille	Valeur
Taille moyenne du groupe familial	3,7 personnes
Projections de la famille du week-end	37% des dépistages totaux
Revenus de groupes familiaux annuels	412 millions de dollars

Chercheurs d'expérience en film et en cinéma

Les projections au format premium ont généré 227 millions de dollars en 2023.

• Prix ​​IMAX: 16% des dépistages totaux
• Dolby Cinema Assistance: 9% des projections premium
• Prix ​​moyen des billets premium: 18,75 $

AMC Entertainment Holdings, Inc. (AMC) - Modèle d'entreprise: Structure des coûts

Entretien et opérations du théâtre

Coûts annuels de maintenance du théâtre pour AMC en 2023: 187,4 millions de dollars

Catégorie de coûts	Dépenses annuelles
Réparations des installations	62,3 millions de dollars
Nettoyage et assainissement	41,6 millions de dollars
Services publics	83,5 millions de dollars

Salaires et formation du personnel

Total des coûts annuels de main-d'œuvre pour AMC en 2023: 521,6 millions de dollars

• Salaire horaire moyen pour le personnel du théâtre: 14,25 $
• Dépenses de formation annuelles: 16,7 millions de dollars
• Salaires de gestion: 89,3 millions de dollars

Investissements technologiques et équipements

Investissement total technologique en 2023: 124,8 millions de dollars

Catégorie de technologie	Montant d'investissement
Systèmes de projection numérique	53,2 millions de dollars
Équipement de son	37,6 millions de dollars
Infrastructure informatique	33,9 millions de dollars

Frais de licences et de frais de distribution

Total des dépenses de licence de film en 2023: 412,5 millions de dollars

• Frais de licence de studio majeurs: 276,3 millions de dollars
• Distribution de film indépendante: 86,7 millions de dollars
• Droits cinématographiques internationaux: 49,5 millions de dollars

Structure totale des coûts annuels pour AMC en 2023: 1 246,3 millions de dollars

AMC Entertainment Holdings, Inc. (AMC) - Modèle d'entreprise: Strots de revenus

Ventes de billets de cinéma

Pour l'exercice 2023, AMC a déclaré des revenus totaux de 3,17 milliards de dollars. Les ventes de billets de cinéma représentaient spécifiquement environ 1,92 milliard de dollars de revenus totaux.

Métrique de vente de billets	Valeur 2023
Revenu total des billets	1,92 milliard de dollars
Prix ​​moyen des billets	$10.47
Admissions totales	183,3 millions

Concession et revenus alimentaires

Les ventes de concessions pour AMC en 2023 ont totalisé 1,05 milliard de dollars, ce qui représente une partie importante des revenus non sur le billet.

Métrique de concession	Valeur 2023
Revenu total de concession	1,05 milliard de dollars
Dépenses de concession moyennes par patron	$5.73

Projections de format premium

Les projections au format premium d'AMC, y compris IMAX et Dolby, ont généré environ 280 millions de dollars en 2023.

• Compte d'écran IMAX: 365 théâtres
• Dolby Cinema Screen Count: 250 théâtres
• Revenus au format premium: 280 millions de dollars

Revenu de la publicité et du parrainage

Les revenus de publicité et de parrainage d'AMC pour 2023 étaient estimés à 45 millions de dollars.

Source des revenus publicitaires	Valeur 2023
Publicité à l'écran	35 millions de dollars
Accords de parrainage	10 millions de dollars

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.