earnings
confidence high
sentiment negative
materiality 0.80
AMC Q3 net loss $20.7M, revenue down 4.1% YoY, cash $527M, debt extended
AMC ENTERTAINMENT HOLDINGS, INC.
2024-Q3 EPS reported
-$0.69
revenue$3,330,800,000
- Total revenues $1,348.8M (-4.1% YoY); net loss $(20.7)M vs net earnings $12.3M in Q3 2023.
- Adjusted EBITDA $161.8M vs $199.9M YoY; attendance 65.1M (-11.5% YoY).
- Cash and equivalents $527.4M; YTD debt reduction $349M through buybacks/exchanges.
- Extended $2.4B of debt maturities from 2026 to 2029/2030 via new term loans and exchangeable notes.
- CEO cites record Q3 food & bev revenue per patron and bullish on upcoming movie slate through 2026.