Pearson

On our earnings call this week, we were able to point to dramatic increases in AMC’s Adjusted EBITDA, that we are currently free cash flow positive, and that 97% of our debt maturities have been extended to 2031 and 2033. This means that we no longer need to talk about the trials and tribulations of the past six years. Instead, we will be focusing on all of the many growth opportunities and high IRR projects in our sights and which we can pursue to stimulate increases in free cash flow going forward. Welcome to the stress-free world of industry-leading and abundantly-recovered AMC Entertainment.

For the second quarter in a row, AMC Entertainment posted an all-time company record for Revenue and for Adjusted EBITDA, our biggest and best ever quarter financial results in 106 years. In Q3 2026, Revenues were up 32%. Adjusted EBITDA were up 184%, nearly triple last year’s third quarter. Our Adjusted EBITDA for the first 9 months of 2026 was $707 million, up an astounding $453 million versus the same timeframe last year. What a triumph for AMC. In recent years, where other key players in our industry collapsed, at AMC we repeatedly instead have talked about recovery. Today, we can finally say that AMC has recovered. To our studio partners, lenders, business partners, employees and our millions of passionate shareholders, thank you for standing with us as we traveled through a long, and at times brutal, road. Mere survival was never the goal. Our goal ultimately was to thrive, and that is exactly and precisely where our focus now lies. We are highly energized by the tremendous opportunities ahead. businesswire.com/news/home/2…

I am not going away @vladtenev @DanGallagher AMC Entertainment does not consent to Robinhood creating Stock Tokens to replicate AMC shares in the United States (the SEC requires you to get our consent, or failing that, at least with us to stand down). They are fake, synthetic shares, which could impact our capital structure. AMC should control our financial destiny, not Robinhood.

Hello again @vladtenev and @DanGallagher. So what’s Robinhood’s answer? You claim to “support” the SEC’s new rules on Stock Tokenization efforts, as they apply in the United States. Internationally, are you going to respect those same principals as laid out be the SEC? Or shame, shame, shame, will your off-shore operation in far-off Jersey be a sleazy bastardization that makes a total mockery of what the SEC has demanded as being the right thing to do?

I had the privilege to be in Los Angeles this week at a dinner honoring Kevin Feige, President and Creative Director of Marvel Studios for two decades. What an incredible record of success is his. And we’re excited for his AVENGERS: DOOMSDAY on December 18!

On Monday (9/21), SEC Commissioner Hester Pierce resigned her post effective October 2. That means there’ll be only 2 SEC Commissioners, out of the 5 mandated by law. Investors are best protected by an active vibrant SEC. I hope those 3 vacancies get addressed in the near term.