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Dec 31, 2024
AMC Q4 2024 Earnings Report
AMC Entertainment Holdings, Inc. reported strong fourth-quarter results for 2024, with significant revenue growth and a substantial increase in Adjusted EBITDA, driven by higher attendance and food and beverage sales.
Key Takeaways
AMC Entertainment Holdings, Inc. announced record fourth-quarter results for 2024, with total revenues increasing by over 18% compared to the previous year. The company's Adjusted EBITDA more than tripled, and it generated over $200 million in cash from operating activities, marking its highest quarterly cash flow post-pandemic. This performance was attributed to a growing lineup of movies and increased guest attendance, along with record food and beverage revenue per patron.
Total revenues for Q4 2024 increased by 18.3% to $1,306.4 million compared to Q4 2023.
Adjusted EBITDA for Q4 2024 significantly rose to $164.8 million from $47.9 million in Q4 2023.
Net loss improved to $(135.6) million in Q4 2024 from $(182.0) million in Q4 2023.
Free cash flow turned positive at $113.9 million in Q4 2024, compared to $(149.9) million in Q4 2023.
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 material growth in the industry-wide box office in 2025 and beyond, and plans to continue improving the guest experience and expanding premium large format screens as part of its 'Go Plan'. The company has also taken decisive actions to strengthen its balance sheet and reduce debt.
Positive Outlook
- Anticipates material growth in the industry-wide box office in 2025 and beyond.
- Commitment to continually improving the guest experience in theatres.
- Robust expansion of premium large format, extra-large format, and special purpose screens.
- Reduced debt obligations by more than $375 million in 2024.
- Ended 2024 with over $630 million in available cash.
Challenges Ahead
- No specific negative forward guidance was provided in the report.
- The report does not detail potential challenges from increased competition.
- No explicit mention of potential impacts from economic downturns on future attendance.
- No specific warnings about potential changes in film release strategies by studios.
- The report does not outline any potential risks related to labor costs or supply chain disruptions in the future.
Revenue & Expenses
Visualization of income flow from segment revenue to net income