v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Total revenues $ 1,397.9 $ 1,030.6 $ 2,260.4 $ 1,982.0
Operating costs and expenses        
Operating expense, excluding depreciation and amortization below 458.4 389.5 851.6 783.3
Rent 222.6 218.4 440.7 442.9
General and administrative:        
Merger, acquisition and other costs 0.1 0.1 3.1  
Other, excluding depreciation and amortization below 58.2 49.0 114.2 106.7
Depreciation and amortization 77.8 78.8 153.9 160.4
Operating costs and expenses 1,305.3 1,078.0 2,313.7 2,137.8
Operating income (loss) 92.6 (47.4) (53.3) (155.8)
Other expense (income), net:        
Other income (32.1) (108.2) (90.9) (151.0)
Interest expense:        
Corporate borrowings 109.6 89.2 218.6 180.2
Finance lease obligations 1.4 0.6 2.6 1.5
Non-cash NCM exhibitor services agreement 18.6 9.2 27.5 18.5
Investment income (1.4) (6.1) (7.1) (11.2)
Total other expense (income), net 96.1 (15.3) 150.7 38.0
Loss before income taxes (3.5) (32.1) (204.0) (193.8)
Income tax provision 1.2 0.7 2.8 2.5
Net loss $ (4.7) $ (32.8) $ (206.8) $ (196.3)
Net loss per share:        
Basic (in dollars per share) $ (0.01) $ (0.1) $ (0.48) $ (0.67)
Diluted (in dollars per share) $ (0.01) $ (0.1) $ (0.48) $ (0.67)
Weighted average shares outstanding:        
Basic (Shares in thousands) 433,144 321,581 432,064 292,496
Diluted (Shares in thousands) 433,144 321,581 432,064 292,496
Admissions        
Revenues        
Total revenues $ 762.6 $ 564.4 $ 1,236.1 $ 1,094.9
Operating costs and expenses        
Operating costs and expenses 392.1 272.3 596.9 511.6
Food and beverage        
Revenues        
Total revenues 499.6 367.1 783.0 688.3
Operating costs and expenses        
Operating costs and expenses 96.1 69.9 153.3 132.9
Other theatre        
Revenues        
Total revenues $ 135.7 $ 99.1 $ 241.3 $ 198.8