AMC Q1 2024 revenue $951.4M, net loss improves to $163.5M, beats consensus estimates

AMC ENTERTAINMENT HOLDINGS, INC.

2024-Q1 EPS reported -$0.62 revenue$951,400,000

Total revenues $951.4M, down 0.3% YoY; net loss improved to $163.5M from $235.5M.
Diluted EPS $(0.62) vs $(1.71) in Q1 2023; Adjusted EBITDA $(31.6)M vs $7.1M.
Attendance fell 2.1% to 46.6M; U.S. market attendance down 5.8%, international up 5.8%.
Exchanged $17.5M of Second Lien Notes for 2.5M shares; reduced $974M in debt and deferred rent since Jan 2022.
Subsequent to quarter end, raised $124.1M gross from sale of 38.5M common shares.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AMC ENTERTAINMENT HOLDINGS, INC. reported first quarter ended March 31, 2024 results: revenue $951.4 million, net income $(163.5) million, EPS $(0.62).

Period: first quarter ended March 31, 2024
Revenue: $951.4 million
Net income: $(163.5) million
EPS: $(0.62)
Result: reported results

Exact text from the filing

Inc. (NYSE: AMC) (“AMC” or “the Company”), today reported results for the first quarter ended March 31, 2024. First Quarter 2024 Summary Results: ● Total revenues were $951.4 million compared to $954.4 million for Q1 2023. ● Net loss improved to $(163.5) million compared to a net loss of $(235.5) million for Q1 2023. ● Net loss per diluted share was $(0.62)

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Source: SEC EDGAR

accession 0001411579-24-000032

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