earnings
confidence high
sentiment negative
materiality 0.80
AMC Q2 2024 prelim: rev $1.03B (down 23.5% YoY), net loss $32.8M, adj. EBITDA $29.4M
AMC ENTERTAINMENT HOLDINGS, INC.
2024-Q2 EPS reported
-$0.67
revenue$1,982,000,000
- Total revenues ~$1,030.6M, down 23.5% from $1,347.9M in Q2 2023.
- Net loss ~$32.8M vs net earnings $8.6M in prior year; diluted loss per share $(0.10) vs EPS $0.06.
- Adjusted EBITDA ~$29.4M, down from $182.5M in Q2 2023.
- Cash and equivalents $770.3M at quarter end.
- CEO says Hollywood strikes reduced film supply early 2024, but June/July box office trends improving.