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Sep 30, 2021
AMC Q3 2021 Earnings Report
AMC's financial performance showed marked improvement in Q3 2021.
Key Takeaways
AMC Entertainment Holdings, Inc. reported improved results for the third quarter ended September 30, 2021. The company's consolidated revenues and net income showed marked improvement compared to Q2 2021 and the prior year period. Net loss and Adjusted EBITDA also improved significantly over the second quarter of 2021 and the comparable third quarter of 2020.
Substantially all worldwide theatres were open for the entirety of Q3 2021.
AMC's theatres safely welcomed back 40 million guests during the third quarter of 2021.
October theatre admissions revenues were the highest of any month since before the global pandemic.
Quarter-ending liquidity as of September 30, 2021, was more than $1.8 billion.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company anticipates continued improvement in financial results with more major films on the docket for release in the remainder of 2021, and throughout 2022.
Positive Outlook
- Financial results continue to improve.
- More and more major films are on the docket for release in the remainder of 2021, and throughout 2022.
- Industry and company are on a path of recovery and improvement.
- Spirits are upbeat.
- Strong liquidity position provides a foundation for innovation, growth and diversification.
Challenges Ahead
- The virus continues to be with us.
- Need to sell more tickets in future quarters than in the most recent quarter.
- Adjusted EBITDA is still well below pre-pandemic levels.
- There is more challenge ahead.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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