AMC Entertainment: Disappointing Box Office Results Lead To Continued Cash Burn And Dilution (Rating Downgrade)

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Jan. 03, 2026 9:41 PM ETAMC Entertainment Holdings, Inc. (AMC) StockElephant AnalyticsInvesting Group LeaderComment(1)SummaryThe domestic box office ended up with 1% year-over-year growth in 2025, around 8% below initial expectations.Some believe that there will be a double-digit improvement in 2026, but I am being more conservative in assuming a mid-single-digit improvement.That would put AMC on track for around $200 million in 2026 cash burn.AMC received permission (from noteholders) to do at-the-market equity offerings of up to $150 million in net proceeds.I believe AMC will continue to survive, but at the cost of dilution.Looking for more investing ideas like this one? Get them exclusively at Distressed Value Investing.