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Mar 31, 2024
AMC Q1 2024 Earnings Report
AMC outperformed expectations in Q1 2024, exceeding consensus estimates for Revenue, Adjusted EBITDA, Net Income, and Diluted Earnings per share.
Key Takeaways
AMC Entertainment Holdings, Inc. reported total revenues of $951.4 million and a net loss of $(163.5) million for the first quarter ended March 31, 2024. The company exceeded consensus estimates for Revenue, Adjusted EBITDA, Net Income, and Diluted Earnings per share. Despite a 6% decline in the first quarter 2024 North American box office compared to 2023, AMC grew its domestic market share and maintained total revenues in line with the prior year.
Total revenues were $951.4 million compared to $954.4 million for Q1 2023.
Net loss improved to $(163.5) million compared to a net loss of $(235.5) million for Q1 2023.
Net loss per diluted share was $(0.62) compared to $(1.71) for Q1 2023.
Cash and cash equivalents at March 31, 2024 was $624.2 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
While the second quarter box office will continue to be affected by the 2023 Hollywood strikes, we continue to be ebullient about the upcoming film lineup in the second half of 2024 and throughout 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income