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Sep 30, 2023
AMC Q3 2023 Earnings Report
AMC reported impressively favorable earnings, significantly above consensus and market expectations.
Key Takeaways
AMC Entertainment Holdings, Inc. reported strong Q3 2023 results, with total revenue growing by 45.2% compared to Q3 2022 to $1,405.9 million and net earnings of $12.3 million, a significant improvement from the net loss of $226.9 million in Q3 2022. The company's adjusted EBITDA was $193.7 million, and it ended the quarter with $729.7 million in cash.
Total revenue grew by 45.2% compared to Q3 2022, reaching $1,405.9 million.
Net earnings improved by $239.2 million to $12.3 million compared to a net loss of $226.9 million in Q3 2022.
Diluted earnings per share increased by $2.28 to $0.08 compared to $(2.20) in Q3 2022.
Adjusted EBITDA improved by $206.6 million to $193.7 million compared to $(12.9) million in Q3 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 short-term impacts of the Writer's and Actor's strikes will cause additional and needless challenges for AMC in 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income