Core Viewpoint - AMC is struggling in a challenging industry, with shares down over 41% this year, as consumers increasingly prefer streaming over theatrical experiences [1][2] AMC Company Summary - In Q3, AMC's revenues declined by nearly 4% year over year, reporting a loss of $0.58 per diluted share, with total movie theater attendance falling over 10% [2] - Despite a busy Thanksgiving week with 6.9 million guests, AMC faces significant debt and operates from a position of weakness in a transitioning industry [3] Cinemark Company Summary - Cinemark has improved the movie theater experience with innovations like recliner lounge seats and unique viewing experiences, leading to nearly 5% revenue growth in the first nine months of 2025 [4][5] - The company reported a close to 21% adjusted EBITDA margin in Q3, with manageable debt levels and a $300 million share-repurchase program authorized by the board [7][8] - Management is focused on maintaining a strong balance sheet and growing revenue in high-return areas, making the stock attractive as it trades at less than 1 times revenue [8]