AMC Entertainment Holdings, Inc. (NYSE:AMC) shares are in focus Thursday after the company announced it reached an agreement with lenders to provide additional debt refinancing flexibility. The company also previewed its fourth-quarter and full-year results.
AMC Reaches Agreement With Lenders
AMC said it reached an agreement with certain holders of its Muvico, LLC senior secured notes due 2029 that provides the company with added flexibility to refinance its existing term loan credit agreement and its 12.75% Odeon Senior Secured Notes due 2027. The company said any potential refinancing is expected to extend debt maturities and reduce related interest expense.
AMC chairman and CEO Adam Aron said the agreement enhances the company's ability to streamline its capital structure, reduce its cost of capital, improve liquidity and address upcoming debt maturities.
“We remain resolute in our ongoing pursuit of strengthening our balance sheet and this collaborative agreement with our supportive noteholders is yet another step to ensure that AMC is best positioned to capitalize on the industry’s anticipated recovery trajectory,” Aron said.
AMC Releases Preliminary Results
Alongside the lender agreement, AMC released preliminary, unaudited financial results for the three months and full year ended Dec. 31.
For the fourth quarter, AMC expects total revenue of approximately $1.29 billion, compared with $1.31 billion in the prior-year period. Analysts have been forecasting fourth-quarter revenue of approximately $1.38 billion.
The company expects a net loss of about $127.4 million for the quarter, compared with a net loss of $135.6 million a year earlier. Adjusted EBITDA for the quarter is expected to be approximately $134.1 million, versus $164.8 million in the prior-year quarter.
AMC said cash and cash equivalents totaled $428.5 million as of Dec. 31, excluding restricted cash of $48.8 million.
For full-year 2025, AMC expects total revenue of approximately $4.85 billion, up from $4.64 billion in 2024. The company expects a full-year net loss of about $632.4 million, compared with a net loss of $352.6 million in the prior year. Full-year adjusted EBITDA is expected to be approximately $387.5 million, compared with $343.9 million in 2024.
AMC noted that its 2025 results benefited from modest year-over-year improvement in the global box office, while the company said it outperformed the broader industry in revenue and adjusted EBITDA growth.
AMC will report its full fourth-quarter and full-year 2025 financial results after the market closes on Feb. 24, and will host an earnings webcast following the release.
AMC Stock Sees Continued Weakness
Technical indicators reveal that AMC is currently trading 9.3% below its 20-day simple moving average (SMA) and 38.9% below its 100-day SMA, indicating a bearish trend in the short to medium term. Over the past 12 months, shares have decreased by 55.45%, and they are currently positioned closer to their 52-week lows than highs, reflecting ongoing challenges.
The RSI is at 33.63, which is considered neutral, although it’s nearing oversold territory. Meanwhile, the MACD is above its signal line, indicating some bullish momentum despite the overall bearish trend.
The combination of neutral RSI and bullish MACD suggests mixed momentum, indicating that while there may be some emerging strength, the stock is still facing significant headwinds.
AMC Shares Trade Near Lows
AMC Price Action: At the time of writing, AMC shares are trading 0.70% lower at $1.42, according to data from Benzinga Pro. The stock is hovering near 52-week lows of $1.41.
Image via Shutterstock
