Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2025

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

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						Six Months Ended
	June 30, 2025						June 30, 2025
	U.S.		International				U.S.		International
	Reportable		Reportable				Reportable		Reportable
	Segment (1)		Segment		Consolidated		Segment (1)		Segment		Consolidated
Admissions revenue	$	383.4	$	83.7	$	467.1	$	591.0	$	140.2	$	731.2
Concession revenue		307.6		70.1		377.7		472.0		116.1		588.1
Screen advertising, screen rental and promotional revenue (2)		24.6		14.5		39.1		45.5		26.0		71.5
Other revenue		43.7		12.9		56.6		67.9		22.5		90.4
Total revenue	$	759.3	$	181.2	$	940.5	$	1,176.4	$	304.8	$	1,481.2

	Three Months Ended						Six Months Ended
	June 30, 2024						June 30, 2024
	U.S.		International				U.S.		International
	Reportable		Reportable				Reportable		Reportable
	Segment (1)		Segment		Consolidated		Segment (1)		Segment		Consolidated
Admissions revenue	$	287.4	$	78.4	$	365.8	$	519.2	$	136.4	$	655.6
Concession revenue		231.4		61.5		292.9		410.0		107.1		517.1
Screen advertising, screen rental and promotional revenue (2)		22.3		12.7		35.0		43.3		23.4		66.7
Other revenue		30.9		9.6		40.5		56.5		17.5		74.0
Total revenue	$	572.0	$	162.2	$	734.2	$	1,029.0	$	284.4	$	1,313.4

(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.

(2)Amount includes amortization of NCM screen advertising advances. See NCM Screen Advertising Advances and Other Deferred Revenue below.

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						Six Months Ended
	June 30, 2025						June 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	$	730.9	$	162.2	$	893.1	$	1,125.4	$	270.3	$	1,395.7
Goods and services transferred over time (2)		28.4		19.0		47.4		51.0		34.5		85.5
Total	$	759.3	$	181.2	$	940.5	$	1,176.4	$	304.8	$	1,481.2

	Three Months Ended						Six Months Ended
	June 30, 2024						June 30, 2024
	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	$	547.7	$	148.8	$	696.5	$	981.5	$	257.6	$	1,239.1
Goods and services transferred over time (2)		24.3		13.4		37.7		47.5		26.8		74.3
Total	$	572.0	$	162.2	$	734.2	$	1,029.0	$	284.4	$	1,313.4

(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.

Amount includes amortization of NCM screen advertising advances. See NCM Screen Advertising Advances and Other Deferred Revenue below.

Changes in Deferred Revenues

The following table presents changes in the Company’s deferred revenue for the six months ended June 30, 2025.

	NCM screen advertising advances			Other deferred revenue (1)
Balance at January 1, 2025	$	318.5		$	250.8
Amounts recognized as accounts receivable		—			1.6
Cash received from customers in advance		—			177.3
Interest accrued related to significant financing component		10.7			—
Revenue recognized during period		(16.3	)		(183.7	)
Foreign currency translation adjustments		—			0.7
Balance at June 30, 2025	$	312.9		$	246.7

(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 or other long-term liabilities on the condensed consolidated balance sheet.

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 June 30, 2025 and when the Company expects to recognize this deferred revenue.

	Twelve Months Ended June 30,
	2026		2027		2028		2029		2030		Thereafter		Total
NCM screen advertising advances (1)	$	11.6	$	12.4	$	13.2	$	14.2	$	15.2	$	246.3	$	312.9
Other deferred revenue		218.0		28.7		—		—		—		—		246.7
Total	$	229.6	$	41.1	$	13.2	$	14.2	$	15.2	$	246.3	$	559.6

(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.