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Mar 31
AMC Q1 2025 Earnings Report
AMC Entertainment Holdings, Inc. reported its financial results for the first quarter ended March 31, 2025, showing a decrease in total revenues and an increased net loss compared to the same period in the previous year.
Key Takeaways
AMC Entertainment Holdings, Inc. reported total revenues of $862.5 million for the first quarter of 2025, a decrease from $951.4 million in Q1 2024. The company's net loss widened to $(202.1) million from $(163.5) million in the prior year, and Adjusted EBITDA was $(58.0) million, down from $(21.2) million. Despite a challenging Q1, the company expressed optimism for the remainder of 2025 and 2026, citing a strong slate of upcoming blockbusters and booming movie theatre demand since April 1.
Total revenues for Q1 2025 were $862.5 million, a decrease of 9.3% from Q1 2024.
Net loss for Q1 2025 was $(202.1) million, compared to a net loss of $(163.5) million in Q1 2024.
Adjusted EBITDA for Q1 2025 was $(58.0) million, a significant decline from $(21.2) million in Q1 2024.
Cash and cash equivalents at March 31, 2025, stood at $378.7 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 anticipates a strong rebound in moviegoing demand for the remainder of 2025 and all of 2026, driven by a robust slate of upcoming Hollywood blockbusters and strategic initiatives aimed at enhancing the guest experience.
Positive Outlook
- Movie theatre demand has been booming since April 1, with April 2025 domestic box office double that of April 2024.
- May 2025 box office is running at double the rate of a year ago.
- A powerful slate of Hollywood blockbusters is expected, including 'LILO & STITCH', 'MISSION: IMPOSSIBLE - THE FINAL RECKONING', 'JURASSIC WORLD REBIRTH', 'SUPERMAN', and 'AVATAR: FIRE AND ASH'.
- AMC continues to grow per-patron operating metrics, achieving an all-time first quarter record for U.S. admissions revenue per patron.
- Strategic initiatives like the 'AMC Go Plan', 'XL at AMC' auditoriums, 4DX multi-sensory auditoriums, and ScreenX 270-degree panoramic viewing auditoriums are expected to enhance guest experience and drive attendance.
Challenges Ahead
- The January to March industry box office in 2025 was the lowest since 1996, excluding Covid-impacted periods.
- First quarter 2025 results were described as a 'distorting anomaly' for the industry.
- The company's net loss widened and Adjusted EBITDA declined significantly in Q1 2025.
- Net cash used in operating activities increased substantially in Q1 2025.
- Despite optimism, the company acknowledges 'still other important achievements needed for full recovery' from past challenges.
Revenue & Expenses
Visualization of income flow from segment revenue to net income