AMC Entertainment Holdings Inc., the world’s largest movie theater chain, reported a net loss of $298.2 million for the third quarter of 2025, while generating $1.3 billion in revenue for the period ending Sept. 30, according to Variety.

The outlet reports that the company’s revenue slightly exceeded analysts’ expectations of $1.23 billion for the quarter. However, the net loss widened significantly compared to the $20.7 million loss reported during the same period last year. AMC attributed the steeper loss to non-cash charges tied to a debt refinancing completed in July 2025, Variety notes. On an adjusted basis, the company reported a loss of $110 million, or 21 cents per share, compared to 4 cents per share in the third quarter of 2024.

Admissions revenue for the quarter was reported at $715.1 million, a drop from $744.2 million in the prior year, according to Variety. Food and beverage sales also declined, reaching $451.8 million compared to $490.4 million in 2024. These numbers reflect lower attendance across theaters during the summer season, even as several major releases hit the big screen. Despite the downturn in both admissions and concessions, AMC’s overall revenue came in above Wall Street projections, with adjusted losses roughly matching expectations.

In a statement, AMC Chairman and CEO Adam Aron described the company’s performance as consistent with expectations for the year.

“Calendar year 2025 is turning out exactly as we have long predicted,” Aron said. “Due primarily to the timing of major studio film release dates, a weak first quarter was followed by a blazing hot second quarter, which then was followed by a softening third quarter. We continue to expect that the year will culminate in what we hope will be quite a strong year-end in quarter four.”

During the third quarter, AMC released several major titles, including “Superman,” “Jurassic World Rebirth,” and “Weapons.” While these films performed at the box office, overall grosses did not match the levels seen in the previous year, when “Deadpool & Wolverine” and “Despicable Me 4” dominated theaters, as Variety notes. The difference in box office impact was a key factor in the company’s year-over-year decline in admissions revenue.

AMC’s October performance included a limited theatrical run of “Taylor Swift: The Official Release Party of a Showgirl,” which saw strong attendance among fans, according to the outlet. However, industry-wide box office revenue for the month was reported as the lowest since 1997, with underperforming titles such as “Tron: Ares” and “The Smashing Machine” weighing down results across theaters.

Looking ahead, films including “Zootopia 2,” “Wicked: For Good,” and “Avatar: Fire and Ash” are scheduled for release in the fourth quarter during the holiday season.