PENNSYLVANIA — Grappling with ongoing post-pandemic money problems, a theater chain with more than a dozen multiplexes across the state is warning it plans to close locations as it attempts to navigate through difficult financial waters.
AMC, the world’s largest movie theater chain, reported on the company’s Tuesday earnings call that attendance dropped nearly 10 percent in the final quarter of 2025 compared to the same period the year before. The report prompted shares in AMC to drop to a multi-year low of $1.16 on Monday, Deadline reported.
It also prompted a dire warning from the company that has shuttered 213 locations over the past five years and now has about 850 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 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.