AMC’s A-List members now make up 20% of U.S. attendance. Its $4 billion debt is the harder test
Source: Fortune ·
The typical subscriber sees two or three films a month. Record revenue hasn’t yet erased AMC’s losses or the roughly $4 billion it owes.
From the source
Fletcher Williams saw six movies at AMC theaters last month. At full price, that would have run about $150. He paid $29.99. Williams, 25, is one of more than 1.1 million members of AMC Stubs A-List, the subscription tier that lets moviegoers reserve up to four films a week, including IMAX and Dolby Cinema, for a monthly fee of roughly $24 to $30 depending on the state. As audiences return to theaters in 2026, AMC Entertainment is counting on the program to turn occasional ticket buyers into regulars. The open question is whether that loyalty can do what a run of hit movies has not yet done: make AMC consistently profitable while it carries roughly $4 billion in debt. A record quarter after a long way back The rebound is real. AMC reported $1.60 billion in revenue for the second quarter of 2026, up 14.2% from a year earlier and the highest quarterly total in its 106-year history. Worldwide attendance rose 13.5% to 71.3 million. Admissions brought in $863.1 million, up 13.2%. Food and…
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