AMC Entertainment Holdings Inc

AMC

Equity

ISIN US00165C3025 / Valor 126330724

NYSE Arca (2024-12-24)

USD 4.06-1.46%

AMC Entertainment Holdings Inc
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About company

AMC Entertainment Holdings Inc. stands as a dominant player in the global movie exhibition sector, holding the title of the largest company within this industry both in the United States and internationally. With a vast network of approximately 900 theaters and 10,000 screens worldwide, AMC has significantly influenced the market through various innovative strategies. These include the introduction of Signature power-recliner seats to enhance viewer comfort, an expanded range of food and beverage options to improve the movie-going experience, and the implementation of loyalty and subscription programs aimed at increasing customer engagement. Additionally, AMC has embraced technology through its website and mobile applications, further enriching the customer experience. The company also differentiates itself by offering premium large format (PLF) viewing options and a diverse array of content that spans the latest Hollywood blockbusters to independent films, catering to a wide range of audience preferences.

Summarized from source with an LLMView SourceSector: Telecommunications

Total Revenues

AMC Entertainment Holdings Inc. reported total revenues of $1,030.6 million for the second quarter of 2024, a decrease from $1,347.9 million in the same quarter of 2023. This decline reflects the impact of fewer movie releases early in the quarter due to the 2023 Hollywood writers and actors strikes.

Net Loss

The company experienced a net loss of $(32.8) million in Q2 2024, compared to net earnings of $8.6 million in Q2 2023. This shift to a net loss highlights the financial challenges faced by AMC during the early part of the quarter.

Adjusted EBITDA

Adjusted EBITDA for AMC Entertainment Holdings Inc. was $29.4 million in the second quarter of 2024, significantly lower than the $182.5 million reported in the same period of the previous year. Despite a slow start, the quarter ended strongly with record-setting performances from blockbuster movies.

Cash and Cash Equivalents

As of June 30, 2024, AMC Entertainment Holdings Inc. had cash and cash equivalents totaling $770.3 million. This financial position provides the company with a solid foundation to navigate future market conditions and capitalize on upcoming movie releases.

Debt Refinancing

During the third quarter of 2024, AMC completed a series of refinancing transactions, extending the maturity of up to $2.45 billion of its debt from 2026 to 2029 and beyond. This strategic move aims to provide the company with a longer financial runway and greater stability for future growth.

Summarized from source with an LLMView Source

Key figures

-33.4%1Y

-96.8%3Y

-87.7%5Y

Performance

99.3%1Y

113%3Y

147%5Y

Volatility