AMC, the world’s largest movie theater chain and a one-time darling of meme stock traders, said this week that it expects to continue closing more movie theaters than it opens going forward.

While the move is sure to disappoint cinephiles, AMC believes that shuttering certain cinemas will ultimately be better for the company’s bottom line. Here’s what you need to know about the upcoming AMC theater closings.

What’s happened?

On Monday, AMC Entertainment Holdings reported its fourth-quarter 2025 financial results as well as its full-year 2025 results. It’s fair to say the company did not have a blockbuster quarter or year.

For the company’s Q4 2025, which ended on December 31, AMC reported total revenue of $1.28 billion. That’s a drop of 1.4% from the $1.3 billion the company reported for the same quarter a year earlier.

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Fewer people are attending movies

AMC said that both its global and international attendance figures were down.

For Q4 2025, AMC’s total attendance equalled 56.3 million. That’s a drop of nearly 10% from the 62 million during the same period a year earlier. U.S. attendance was down less (about 7.5%) for the quarter than international attendance (down about 15%).

However, for its full fiscal 2025, AMC did slightly better.

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