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Mar 31, 2023
AMC Q1 2023 Earnings Report
AMC's first quarter results for 2023 were reported, showcasing revenue growth and improved profitability compared to the previous year.
Key Takeaways
AMC Entertainment Holdings, Inc. reported strong first quarter 2023 results, with total revenues increasing by 21.5% to $954.4 million and a net loss improvement of $101.9 million to $235.5 million. The company's adjusted EBITDA also improved by $68.8 million to $7.1 million, marking the first two consecutive quarters of positive Adjusted EBITDA since March of 2020. The positive results were driven by a strong box office performance and AMC's commitment to providing a superb movie-going experience.
Total revenues increased by 21.5% to $954.4 million.
Net loss improved by $101.9 million to $235.5 million.
Adjusted EBITDA improved by $68.8 million to $7.1 million.
Available liquidity at March 31, 2023 was $703.7 million.
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 believes the first quarter of 2023 is just the tip of the iceberg for what’s to come in the remainder of the year and we could not be more optimistic about the prospects for the 2023 box office, except to say that 2024 looks even better.
Positive Outlook
- Success of THE SUPER MARIO BROTHERS MOVIE.
- GUARDIANS OF THE GALAXY VOL 3 release.
- THE LITTLE MERMAID release.
- ELEMENTAL release.
- FAST X release.
Challenges Ahead
- supply chain disruptions.
- labor shortages.
- increased cost.
- inflation.
- ongoing stockholder litigation preventing AMC from implementing its 1:10 reverse stock split of Class A common stock and conversion of the AMC Preferred Equity Units into Class A common stock
Revenue & Expenses
Visualization of income flow from segment revenue to net income