AMC Entertainment Holdings, Inc. (AMC): Modelo de negócios Canvas [Jan-2025 Atualizado]

Mergulhe no mundo cinematográfico da AMC Entertainment Holdings, Inc., onde a magia da tela prateada encontra a inovação estratégica de negócios. De multiplexos movimentados a experiências digitais de ponta, a AMC transformou o cinema de um passatempo simples em um ecossistema abrangente de entretenimento. Esse modelo de negócios Canvas revela como a empresa navega no cenário complexo da exposição de filmes, alavancando a tecnologia, parcerias estratégicas e abordagens centradas no cliente para permanecer uma força dominante na indústria do entretenimento.

AMC Entertainment Holdings, Inc. (AMC) - Modelo de negócios: Parcerias -chave

Estúdios de cinema e distribuidores de cinema

A AMC mantém parcerias críticas com os principais estúdios de cinema e distribuidores:

Estúdio/distribuidor	Detalhes da parceria	Porcentagem anual de tela
Walt Disney Studios	Acordos exclusivos de triagem de primeira execução	24.7%
Warner Bros.	Contratos de distribuição de longo prazo	19.3%
Imagens universais	Direitos de triagem Premier	16.5%

Provedores de tecnologia para sistemas de cinema digital

A AMC colabora com os principais parceiros de tecnologia:

• Christie Digital Systems - Provedor de tecnologia de projeção primária
• Dolby Laboratories - Integração avançada do sistema de som
• IMAX Corporation - Instalações de teatro de grande formato premium

Concessão e fornecedores de alimentos

Fornecedor	Categoria de produto	Valor anual do contrato
Companhia da Coca-Cola	Compras de bebida	US $ 87,3 milhões
Marcas de ConAgra	Pipoca e suprimentos para lanches	US $ 62,5 milhões

Proprietários de locais imobiliários e de teatro

A estratégia de parceria imobiliária da AMC inclui:

• Acordos de arrendamento com 605 localizações de teatro de propriedade e locação
• Parcerias com promotores imobiliários comerciais
• Acordos de joint venture em mercados internacionais selecionados

Avaliação total da rede de parcerias: US $ 425,6 milhões

AMC Entertainment Holdings, Inc. (AMC) - Modelo de negócios: Atividades -chave

Cinemas operacionais em todo o país

Em 2024, a AMC opera 598 cinemas com 6.962 telas totais nos Estados Unidos.

Categoria de localização do teatro	Número de teatros	Telas totais
Locais dos Estados Unidos	598	6,962

Triagem filmes de primeira corrida e sucesso de bilheteria

A AMC é exibida aproximadamente 150-200 lançamentos de filmes anualmente, com uma média de 15 a 20 grandes filmes de sucesso de bilheteria por ano.

• Lançamentos médios anuais de filmes: 150-200
• Principais exibições de sucesso de bilheteria: 15-20 por ano

Fornecendo experiências premium de observação de filmes

Formatos de experiência premium	Número de cinemas que oferecem formato
Telas IMAX	247
Telas de cinema Dolby	344
Telas AMC Prime	412

Gerenciando operações de teatro e atendimento ao cliente

A AMC emprega aproximadamente 24.500 funcionários em sua rede de teatro.

• Total de funcionários: 24.500
• Funcionários médios por teatro: 41

AMC Entertainment Holdings, Inc. (AMC) - Modelo de negócios: Recursos -chave

Extensa rede de locais de cinema

A partir do quarto trimestre 2023, a AMC opera 942 cinemas com 10.376 telas totais nos Estados Unidos e internacionalmente.

Tipo de localização	Número de teatros	Telas totais
Estados Unidos	661	7,962
Internacional	281	2,414

Projeção digital avançada e tecnologias de som

A AMC investiu em tecnologias de teatro de grande formato premium:

• Telas IMAX: 365 locais
• Dolby Cinema: 246 locais
• Telas de vídeo primárias: 421 locais

Equipe de cinema treinada e administração

Força de trabalho total em 2023: 14.342 funcionários

Categoria de funcionários	Número de funcionários
Tempo total	6,214
Tempo parcial	8,128

Forte reconhecimento de marca

Métricas financeiras demonstrando valor da marca:

• Capitalização de mercado: US $ 501,2 milhões (em janeiro de 2024)
• Receita anual (2022): US $ 2,37 bilhões
• Seguidores de mídia social: 5,3 milhões entre plataformas

AMC Entertainment Holdings, Inc. (AMC) - Modelo de negócios: proposições de valor

Experiências imersivas de entretenimento cinematográfico

AMC oferece experiências de teatro de grande formato premium através de seu AMC IMAX e Cinema AMC Dolby formatos. A partir do terceiro trimestre de 2023, a AMC operava 946 cinemas com 10.573 telas nos Estados Unidos.

Formato de teatro	Número de telas	Recursos únicos
IMAX teatros	378 telas	Tecnologia visual e de áudio aprimorada
Dolby Cinema	252 telas	Som avançado de som e imagem

Seleção diversificada de filmes em vários gêneros

A AMC fornece ofertas abrangentes de filmes em vários gêneros.

• Títulos médios mensais de filmes: 25-30 filmes diferentes
• Alocação de tela: 60% mainstream, 25% independente, 15% filmes internacionais
• Receita anual de bilheteria (2022): US $ 2,37 bilhões

Teatros confortáveis ​​e tecnologicamente avançados

A AMC investe em experiências de teatro premium com assentos e tecnologia avançados.

Aprimoramento do teatro	Porcentagem de teatros	Classificação de satisfação do cliente
Assentos de poltrona reclinável	65%	4.2/5
Assentos reservados	90%	4.5/5

Opções convenientes para assistir a filmes

A AMC fornece várias plataformas de visualização para aprimorar a conveniência do cliente.

• Exibições tradicionais de teatro
• AMC sob demanda Streaming digital
• Experiências de cinema virtual
• Compra de ingressos on -line: 72% das vendas de ingressos

Serviços de assinatura: AMC Stubs A-List Associação com 900.000 assinantes ativos a partir do terceiro trimestre de 2023.

AMC Entertainment Holdings, Inc. (AMC) - Modelo de Negócios: Relacionamentos do Cliente

Programa de fidelidade (AMC Stubs)

O programa de associação da AMC Stubs possui a seguinte estrutura de nível:

Nível de associação	Custo anual	Principais benefícios
AMC Stubs Insider	Livre	Ganhe pontos nas compras
Estreia da AMC Stubs	US $ 15,99/ano	Taxas online renunciadas, atualizações de tamanho grátis

Plataformas de bilhetes digitais e reservas on -line

Estatísticas da plataforma digital:

• Downloads de aplicativos móveis: 7,2 milhões a partir do terceiro trimestre 2023
• Vendas on -line de ingressos: 65% do total de transações de ingressos
• Website Visitantes mensais: 12,4 milhões de visitantes únicos

Recomendações de filmes personalizados

Recursos do sistema de recomendação:

Recurso	Detalhes
Algoritmo de recomendação	Com base na visualização da história e preferências
Precisão de personalização	72% Taxa de engajamento do usuário

Engajamento de mídia social e suporte ao cliente

Métricas de mídia social:

• Seguidores do Twitter: 2,1 milhões
• Seguidores do Instagram: 1,8 milhão
• Tempo médio de resposta no suporte ao cliente: 3,2 horas
• Classificação de satisfação do cliente: 4.1/5

AMC Entertainment Holdings, Inc. (AMC) - Modelo de Negócios: Canais

Sites de reserva de ingressos online

A AMC opera várias plataformas de reserva de ingressos on -line:

• Site oficial dos cinemas da AMC: www.amctheatres.com
• Visitantes únicos mensais médios: 12,4 milhões

Plataforma	Volume de vendas de ingressos on -line (2023)	Porcentagem de vendas totais de ingressos
AMC.com	37,6 milhões de ingressos	42.3%
Sites de terceiros	22,4 milhões de ingressos	25.2%

Aplicativos para smartphones móveis

Recursos de aplicativo móvel da AMC:

• Downloads de aplicativos totais: 18,7 milhões
• Usuários ativos mensais: 6,2 milhões

Plataforma móvel	Downloads de aplicativos	Vendas de ingressos via celular
aplicativo iOS	8,9 milhões	24,6 milhões de ingressos
App Android	9,8 milhões	26,3 milhões de ingressos

Escritórios de caixa de teatro físico

A AMC opera 947 teatros com as caixas físicas nos Estados Unidos.

Tipo de bilheteria	Número de locais	Volume de vendas de ingressos
Ofertas de caixa tradicionais	947	15,3 milhões de ingressos
Quiosques de autoatendimento	623	8,7 milhões de ingressos

Plataformas de bilhetes de terceiros

A AMC faz parceria com vários serviços externos de ingressos:

• Fandango: 22,4 milhões de ingressos vendidos
• Tickets de Atom: 8,6 milhões de ingressos vendidos
• Movietickets.com: 5,3 milhões de ingressos vendidos

Plataforma de terceiros	Vendas totais de ingressos	Participação de receita
Fandango	22,4 milhões de ingressos	US $ 67,2 milhões
Tickets de Atom	8,6 milhões de ingressos	US $ 25,8 milhões

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

Entusiastas do filme

A partir do quarto trimestre de 2023, a AMC reportou 62,1 milhões de exibições de filmes no total. O preço médio do ingresso foi de US $ 10,47.

Aparelhamento demográfico	Percentagem
Visitantes frequentes de cinema (mais de 4 vezes/ano)	22%
Participantes do festival de cinema	8%
Buscadores cinematográficos	15%

Adolescentes e adultos jovens

O principal demográfico da AMC, com idades entre 13 e 34 anos, representa 45% do público total.

• Gastos médios por visita: $ 24,63
• Gêneros de filmes preferidos: ação, super -herói, comédia
• Canal de engajamento primário: aplicativo móvel com 6,2 milhões de usuários ativos

Famílias que buscam entretenimento

As vendas de ingressos em grupo familiar constituem 28% da receita total de ingressos em 2023.

Métricas de segmento familiar	Valor
Tamanho médio de grupo familiar	3.7 pessoas
Exibições familiares de fim de semana	37% do total de exibições
Receita anual do grupo familiar	US $ 412 milhões

Os candidatos a experiência de cinema e cinema

As exibições de formato premium geraram US $ 227 milhões em 2023.

• Triações IMAX: 16% do total de exibições
• Dolby Cinema Attencimento: 9% das exibições premium
• Preço médio de ingresso premium: $ 18,75

AMC Entertainment Holdings, Inc. (AMC) - Modelo de negócios: estrutura de custos

Manutenção e operações de teatro

Custos anuais de manutenção do teatro para AMC em 2023: US $ 187,4 milhões

Categoria de custo	Despesa anual
Reparos de instalações	US $ 62,3 milhões
Limpeza e saneamento	US $ 41,6 milhões
Utilitários	US $ 83,5 milhões

Salários e treinamento da equipe

Total de custos de mão -de -obra anual para a AMC em 2023: US $ 521,6 milhões

• Salário médio por hora para a equipe de teatro: $ 14,25
• Despesas anuais de treinamento: US $ 16,7 milhões
• Salários de gestão: US $ 89,3 milhões

Investimentos de tecnologia e equipamentos

Investimento de tecnologia total em 2023: US $ 124,8 milhões

Categoria de tecnologia	Valor do investimento
Sistemas de projeção digital	US $ 53,2 milhões
Equipamento de som	US $ 37,6 milhões
Infraestrutura de TI	US $ 33,9 milhões

Taxas de licenciamento e distribuição de filmes

Total de despesas de licenciamento de filmes em 2023: US $ 412,5 milhões

• Principais taxas de licenciamento de estúdio: US $ 276,3 milhões
• Distribuição de filmes independente: US $ 86,7 milhões
• Direitos do cinema internacional: US $ 49,5 milhões

Estrutura de custo anual total para AMC em 2023: US $ 1.246,3 milhões

AMC Entertainment Holdings, Inc. (AMC) - Modelo de negócios: fluxos de receita

Vendas de ingressos de cinema

Para o ano fiscal de 2023, a AMC registrou receitas totais de US $ 3,17 bilhões. As vendas de ingressos de cinema representavam especificamente aproximadamente US $ 1,92 bilhão em receita total.

Métrica de vendas de ingressos	2023 valor
Receita total de ingressos	US $ 1,92 bilhão
Preço médio do ingresso	$10.47
Total de admissões	183,3 milhões

Concessão e receita alimentar

As vendas de concessão para a AMC em 2023 totalizaram US $ 1,05 bilhão, representando uma parcela significativa da receita que não é ingresso.

Métrica de concessão	2023 valor
Receita total de concessão	US $ 1,05 bilhão
Gasto médio de concessão por patrono	$5.73

Triações de formato premium

As exibições de formato premium da AMC, incluindo IMAX e Dolby, geraram aproximadamente US $ 280 milhões em 2023.

• Contagem de tela IMAX: 365 cinemas
• Dolby Cinema Screen Count: 250 cinemas
• Receita de formato premium: US $ 280 milhões

Receita de publicidade e patrocínio

A receita de publicidade e patrocínio da AMC para 2023 foi estimada em US $ 45 milhões.

Fonte de receita de publicidade	2023 valor
Publicidade na tela	US $ 35 milhões
Acordos de patrocínio	US $ 10 milhões

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.