AMC Theatres plans to close more locations as it continues to grapple with a sluggish post-pandemic box office, company executives warned this week.
AMC, the world’s largest movie theater chain, reported that attendance dropped nearly 10% in the final quarter of 2025 compared to the same period the year before, executives reported on the company’s Tuesday earnings call.
The report prompted shares in AMC to drop to a multi-year low of $1.16 on Monday, Deadline reported.
The company has shuttered 213 locations over the past five years. It now has about 850 locations, including over three dozen in California. Executives said they plan to close more locations.
“We will continue to take actions to close theaters, to reduce leases as we go forward,” Chief Financial Officer Sean Goodman said.
Goodman said the leases at around 85 locations are up for renewal this year. Executives will analyze those locations to determine whether it makes the most financial sense to renew them, or walk away and shutter any given location.
But that’s only part of the equation, he said.
While AMC has closed over 200 theaters in recent years, it’s also opened 25 new ones. Goodman said that reflects a desire to focus on the most profitable opportunities.
“You’re going to see the similar sort of pace going forward, we’ll be closing more theaters than we open, but the new ones that we open are generating significantly more profit than the ones that we close,” Goodman said.
CEO Adam Aron pointed to AMC’s location at The Grove in Los Angeles as an example.
That theater was previously operated by the financially-strained Pacific Theatres. That company did not reopen the location after the pandemic; AMC stepped in and bought it and reopened it in 2021.
“That theater used to be No. 28 in the county in terms of annual box office receipts — now with adding the AMC secret sauce, that theater is now No. 5 in the country,” he said.
AMC has not revealed which locations it plans to close.