AMC Entertainment (AMC) shares plummeted 5.38% in Friday's pre-market trading session following the release of the company's third-quarter 2025 financial results. The entertainment giant reported a 6.3% year-over-year decline in revenue to $561.74 million, although this figure managed to surpass analyst expectations of $549.01 million.

The most significant factor contributing to the stock's decline was AMC's adjusted earnings per share (EPS) of $0.18, which fell drastically short of the analyst consensus estimate of $0.28. This represents an 80.2% decrease compared to the same period last year, highlighting the challenges faced by the company in maintaining profitability.

AMC's domestic operations saw an 8% decrease in revenues, with advertising revenues plummeting 17.4% due to linear ratings declines and lower marketplace pricing. While streaming revenues showed a 14% increase, driven by price hikes across services, it wasn't enough to offset the declines in other areas. The company's transition from a traditional cable network to a streaming-focused business model appears to be progressing, but not without significant hurdles, as evidenced by the mixed financial results.