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Mar 31, 2021
AMC Q1 2021 Earnings Report
AMC reported results for the first quarter of 2021, showing a significant decrease in revenue compared to the previous year due to the impact of COVID-19, but expressed optimism about an improving environment for movie-going.
Key Takeaways
AMC Entertainment Holdings, Inc. reported a challenging first quarter in 2021 with a substantial revenue decline due to the COVID-19 pandemic, which led to theatre closures and limited seating capacities. However, the company highlighted significant progress in strengthening its liquidity position through various financing activities and expressed optimism about recovery due to increasing vaccinations and the release of new movie titles.
AMC's revenue decreased by 84.2% compared to Q1 2020, totaling $148.3 million.
Net loss was $(567.2) million, an improvement compared to the $(2,176.3) million loss in Q1 2020.
The company raised approximately $2 billion in fresh equity and debt capital over the past five months.
Approximately 7 million patrons returned to AMC theatres during the first quarter.
AMC
AMC
AMC Revenue by Segment
AMC Revenue by Geographic Location
Revenue by Segment
Admissions Revenue
CapyFin.comFood & Beverage Revenue
CapyFin.comOther Theatre Revenue
CapyFin.comRevenue by Geographic Location
U.S. Markets Revenue
CapyFin.comInternational Markets Revenue
CapyFin.com Forward Guidance
AMC is focused on bold actions to recover from the impact of COVID-19.
Revenue & Expenses
Visualization of income flow from segment revenue to net income