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Mar 31, 2022
AMC Q1 2022 Earnings Report
AMC's financial performance improved in Q1 2022, marked by substantial revenue growth and reduced net losses compared to the previous year.
Key Takeaways
AMC Entertainment Holdings, Inc. reported a significant increase in total revenues to $785.7 million for the first quarter of 2022, compared to $148.3 million in the first quarter of 2021. The company's net loss also improved to $337.4 million, compared to a net loss of $567.2 million for the same period last year.
Total revenues increased to $785.7 million, a substantial rise from $148.3 million in Q1 2021.
Net loss decreased to $337.4 million, showing improvement from a $567.2 million net loss in Q1 2021.
Adjusted EBITDA improved by $233.0 million, resulting in a loss of $61.7 million compared to a $294.7 million loss in Q1 2021.
Available liquidity stood at $1,376.0 million as of March 31, 2022.
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
The outlook for the theatrical box office during the remainder of 2022 is very exciting, with compelling new releases expected to drive revenue. AMC is ready to showcase these new releases and continue to explore transformative value-creating investment opportunities.
Positive Outlook
- Relish and guard our strong liquidity position
- Strengthen our balance sheet
- Innovate with our marketing programs to drive revenue
- Contain costs
- Invest in our core business
Challenges Ahead
- AMC’s ability to obtain additional liquidity
- The potential impact of AMC’s existing or potential lease defaults
- The impact of the COVID-19 virus on AMC
- AMC’s significant indebtedness
- Motion picture production and performance
Revenue & Expenses
Visualization of income flow from segment revenue to net income