AMC Entertainment Holdings, Inc. (NYSE:AMC) reported first-quarter earnings on Tuesday after the market closed. Here’s a rundown of the report.

• AMC stock is showing exceptional strength. Why are AMC shares rallying?

Q1 Highlights

AMC reported an adjusted loss of 36 cents per share, inline with the consensus estimate. In addition, it reported revenue of $1.04 billion, beating the consensus estimate of $968.51 million and representing a 21.2% year-over-year increase.

MC reported attendance of 47.6 million patrons in the quarter, up 13.6% year-over-year, while U.S. attendance rose 14.2% year-over-year to 30.7 million patrons.

Food and beverage revenue per patron also increased across both domestic and international markets. AMC said global food and beverage revenue per patron was $7.29, compared to $6.76 in the prior year's first quarter.

"I am so very pleased to report that AMC achieved our best adjusted EBITDA first quarter result since 2019 pre-pandemic," said CEO Adam Aron.

Aron said the improvement was driven by strong domestic and international results, along with cost improvements.

The company ended the quarter with cash and cash equivalents of $339.2 million.

AMC also pointed to improving box office trends heading into the rest of the year.

"The box office is back, and in a big and powerful way," Aron said.

The company said first-quarter domestic box office performance increased 22% year-over-year, marking the strongest growth since the pandemic. Aron also said AMC expects "significantly rising revenues" for the full-year 2026.

AMC highlighted the success of "Project Hail Mary" in the first quarter and "The Super Mario Galaxy Movie" in the second quarter. The company said it remains optimistic about the remainder of the 2026 film slate, particularly in the second half of the year.

AMC also announced that Arena One at AMC will launch in more than 300 U.S. theaters in June, offering live concert experiences across North American locations.

AMC Technical Picture Remains Mixed

AMC is currently showing a mixed technical picture. The stock is trading above its 20-day and 50-day simple moving averages (SMAs), which suggests some bullish momentum in the short term, but it remains significantly below its 200-day SMA, indicating a bearish long-term trend.

The relative strength index (RSI) is at 45.83, which is considered neutral. This level suggests that there isn’t strong momentum in either direction, leaving traders to watch for potential shifts in price action.

Currently, the MACD is below its signal line, indicating bearish pressure. This situation suggests that traders should be cautious, as it reflects a lack of strong upward momentum.

Key support is at 1.50, and if this level is breached, it could signal further downside potential. Conversely, resistance is also at 1.50, and if the price can hold above this level, it may indicate a possible trend reversal.

AMC’s stock has seen a significant decline over the past 12 months, down 40.67%. This longer-term performance highlights ongoing challenges and suggests that traders should remain vigilant about the stock’s overall trend and market conditions.

AMC Shares Rise

AMC Price Action: At the time of publication, AMC shares are trading 2.52% higher at $1.63, according to data from Benzinga Pro.

Image via Shutterstock