Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2026

Revenue from Contract with Customer [Abstract]

Summary of Revenues Disaggregated Based on Type of Good or Service by Reportable Operating Segment and on Timing of Revenue Recognition

Disaggregation of Revenue

The following tables present revenue for the periods indicated, disaggregated based on major type of good or service and by reportable segment.


	Three Months Ended						Nine Months Ended
	September 30, 2026						September 30, 2026
	U.S.		International				U.S.		International
	Reportable		Reportable				Reportable		Reportable
	Segment (1)		Segment		Consolidated		Segment (1)		Segment		Consolidated
Admissions revenue	$	417.3	$	113.5	$	530.8	$	1,105.5	$	276.7	$	1,382.2
Concession revenue		323.8		90.1		413.9		879.5		222.9		1,102.4
Screen advertising, screen rental and promotional revenue		26.2		18.7		44.9		74.3		49.1		123.4
Other revenue		50.2		19.3		69.5		132.9		47.7		180.6
Total revenue	$	817.5	$	241.6	$	1,059.1	$	2,192.2	$	596.4	$	2,788.6


	Three Months Ended						Nine Months Ended
	September 30, 2025						September 30, 2025
	U.S.		International				U.S.		International
	Reportable		Reportable				Reportable		Reportable
	Segment (1)		Segment		Consolidated		Segment (1)		Segment		Consolidated
Admissions revenue	$	348.5	$	81.2	$	429.7	$	939.5	$	221.4	$	1,160.9
Concession revenue		272.4		64.3		336.7		744.4		180.4		924.8
Screen advertising, screen rental and promotional revenue		24.4		15.4		39.8		69.9		41.4		111.3
Other revenue		38.3		13.0		51.3		106.2		35.5		141.7
Total revenue	$	683.6	$	173.9	$	857.5	$	1,860.0	$	478.7	$	2,338.7

(1)

U.S. segment revenue excludes intercompany transactions with the international reportable segment. See Note 15 for the amount of intercompany eliminations for the periods presented.

The following tables present revenue for the periods indicated, disaggregated based on timing of recognition (as discussed above) and by reportable segment.


	Three Months Ended						Nine Months Ended
	September 30, 2026						September 30, 2026
	U.S.		International				U.S.		International
	Reportable		Reportable				Reportable		Reportable
	Segment (1)		Segment		Consolidated		Segment (1)		Segment		Consolidated
Goods and services transferred at a point in time	$	786.1	$	216.4	$	1,002.5	$	2,102.3	$	528.5	$	2,630.8
Goods and services transferred over time		31.4		25.2		56.6		89.9		67.9		157.8
Total	$	817.5	$	241.6	$	1,059.1	$	2,192.2	$	596.4	$	2,788.6


	Three Months Ended						Nine Months Ended
	September 30, 2025						September 30, 2025
	U.S.		International				U.S.		International
	Reportable		Reportable				Reportable		Reportable
	Segment (1)		Segment		Consolidated		Segment (1)		Segment		Consolidated
Goods and services transferred at a point in time	$	656.2	$	154.6	$	810.8	$	1,781.6	$	424.9	$	2,206.5
Goods and services transferred over time		27.4		19.3		46.7		78.4		53.8		132.2
Total	$	683.6	$	173.9	$	857.5	$	1,860.0	$	478.7	$	2,338.7

(1)

U.S. segment revenue excludes intercompany transactions with the international reportable segment. See Note 15 for the amount of intercompany eliminations for the periods presented.

Schedule of Changes in Deferred Revenues

The following table presents changes in the Company’s deferred revenue for the nine months ended September 30, 2026.


	NCM screen advertising advances			Other deferred revenue (1)
Balance at January 1, 2026	$	307.2		$	265.5
Amounts recognized as accounts receivable		—			3.5
Annual common unit adjustment (2)		(0.5	)		—
Cash received from customers in advance		—			318.2
Interest accrued related to significant financing component		15.4			—
Revenue recognized during period		(24.3	)		(328.8	)
Foreign currency translation adjustments		—			0.2
Balance at September 30, 2026	$	297.8		$	258.6

(1)

Includes liabilities associated with outstanding gift cards and discount ticket vouchers, points, credits or rebates outstanding under the Company’s loyalty and subscription programs and revenue collected in advance for screen advertising and other promotional activities. Amounts are classified as accounts payable and accrued expenses on the condensed consolidated balance sheet.

(2)

Represents amount paid to NCM pursuant to the 2025 common unit adjustment under the Common Unit Agreement.

Schedule of Aggregate Amount of Transaction Price Allocated to Performance Obligationt that are Unsatisfied and Expected to be Recognized

The table below summarizes the aggregate amount of the performance obligations that are unsatisfied as of September 30, 2026 and when the Company expects to recognize this deferred revenue.


	Twelve Months Ended September 30,
	2027		2028		2029		2030		2031		Thereafter		Total
NCM screen advertising advances (1)	$	12.6	$	13.5	$	14.4	$	15.4	$	16.5	$	225.4	$	297.8
Other deferred revenue		258.6		—		—		—		—		—		258.6
Total	$	271.2	$	13.5	$	14.4	$	15.4	$	16.5	$	225.4	$	556.4

(1)

The NCM screen advertising advances are recognized on a straight-line basis over the term of the ESA through February 2041. Amounts are net of the estimated interest to be accrued for the periods presented. See Note 8 for further discussion of the NCM screen advertising advances.