u/TheBetaUnit

https://variety.com/2026/film/box-office/minions-and-monsters-box-office-franchise-worst-start-supergirl-brutal-drop-1236801905/

Source: https://www.boxofficemojo.com/. Hasn't updated with 6/30's totals as of this post, but what's the difference?

With the exception of a handful of days here and there (not in the last 18 months, obviously) AMC has traded below penny stock status for >2 years and counting.

On a "non-split" adjusted basis, the "I've been here from the beginning" apes have had to endure 8.4 billion (with a "b") shares dumped on their heads.

As of 5/6/25, AMC reported 433,143,561 on their Q1 10Q. The next dilutive event was 7/1/25 (78,900,000 shares exchanged for debt).

This means of the 1,100,000,000 authorized shares that were increased by 550,000,000 only 6 months ago, there's only 207,395,362 or 19% left.

When AMC first proposed doubling the authorized shares in October 2025, the shares outstanding were all but 7% of the 550,000,000 authorized shares.

It's only June. AMC is one or two more dilutions away from asking for another increase to the authorized shares. They won't risk waiting for the December 2027 Annual Meeting to propose it, either. It will be on the ballot this year in my opinion.

4.8 million is a record "busiest" opening weekend for 2026. Except for that one time before when 5.0 million was a record busiest opening weekend for 2026 (an "opening weekend for Mando), but we don't talk about that.

Encourage your children to follow their dreams. And if that doesn't work out, encourage them to astroturf a cult following that donates money to you regardless of the circumstances.

The recurring theme from bears on this sub is that the company is fundamentally wounded. The pumpers and their bots feel the need to push back as always, but I've noticed a stark contrast depending on the circumstances.

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When the subject of the company's flaws is the topic, and the price is tanking, the pumpers are basically phoning in their low-effort retorts ("ok 👌", "loving this tasty dip").

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But when the price is on the rise and the same subject of the company's flaws are discussed (because that part remains unchanged), the pumpers turn it up to 11. The alts flood in, and the unhinged sling their creepy innuendos, screeds about "5G warfare" and "our bosses," and make-believe about all those "gains they made in 2021."

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Conclusion: the pumpers implicitly understand that the company is doomed and their ranks have thinned out over the years, so they don't bother trying to argue against any of those topics during the downturns. But they sure seem extra motivated to fight back when a temporary bubble of strong box office performance has the stock temporarily on the rise, don't they?

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Really demonstrates how their primary motivation is driven by hopes for recruiting their exit liquidity. And if this tiny sub and handful of regulars is a threat to that goal, then they really don't feel that confident about their chances for success. Almost like they subconsciously realize pumps never hold and there's no one left to preach to because this "movement" of theirs evaporated 3 years ago, but don't want to admit any of that to themselves.

https://investor.amctheatres.com/sec-filings/all-sec-filings/content/0001104659-26-072600/tm2617541d1_ex99-1.htm.

A pathetic show of force from the "buying moar" crowd as always. Enjoy your float being 17% larger, apes!

Source: Box Office Mojo Q1 + April + May + June-to-date.

As of June 7th, the DBO was $5.074 billion in 2018. Today, it's $3.810 billion. 2018 annual DBO was $11.892 billion. That means the domestic box office has 7 months to bring in $8.082 billion to catch up to 2018 by Dec 31st ($1.155 billion per month on average).

The last time the domestic box office did $8 billion in the last 7 month of the year was never. For reference, in 2018 (the peak domestic box office year), June thru December DBO totalled $5.686 billion. The box office has to not only meet 'pre-COVID' revenues, but exceed them by 40% in order for AMC to stop bleeding their investors dry (by their own admission - slide 2).

Thoughts and prayers, baggies.

As is tradition, apes are celebrating their incredible success.

When I first posted one of these in 2024, the squeeze was to $4.35.
When I posted another one a year ago, the squeeze was to $3.50.
This time, the squeeze is to $2.12.
Almost like some kind of pattern or something. Weird.

In fairness, box office performance did close the gap a little since the last post a week ago.

But here we are 5 months into the year, and the domestic box office is still 25% under the benchmark for profitability that AMC themselves have acknowledged in their filings. (19% if you're feeling generous and use 2019 as your "pre-COVID" benchmark even though AMC lost money that year).

Per AMC: "In order to achieve sustainable net positive cash flows from operating activities, we believe that revenues will need to increase from current levels to levels at least in line with pre-COVID-19 revenues."

Here's what it looks like when you add Q1 + April + May totals from Box Office Mojo:

pre-COVID-19 revenues year-to-date as of 5/31:

• 2017: $4,559,823,039
• 2018: $4,925,719,903
• 2019: $4,512,677,963

2026 year-to-date as of 5/31:

• $3,677,409,122.00

Not even close to "achieving sustainable net positive cash flows from operating activities." So AMC will continue to "achieve sustainable net positive cash flows" from their #1 source of cash for 5 years and running: Investors.

When I posted this a week ago, 2026 YTD was 27.3% behind 2018. Now it's $100 million worse.

EDIT - I don't know what the hell went wrong with that link, but I'm leaving it. LMAO.