AMC Entertainment Holdings ( (AMC) ) has released its Q4 earnings. Here is a breakdown of the information AMC Entertainment Holdings presented to its investors.
AMC Entertainment Holdings, Inc., a prominent player in the global movie exhibition industry, operates approximately 870 theatres and 9,800 screens worldwide, offering a diverse range of cinematic experiences including premium formats and enhanced food and beverage options.
AMC Entertainment Holdings reported a strong finish to 2024 with notable improvements in its fourth-quarter financial results. The company achieved a total revenue of $1,306.4 million for the fourth quarter, marking an 18.3% increase from the previous year. Additionally, AMC’s adjusted EBITDA more than tripled to $164.8 million, and the company generated significant cash flow, underscoring its ongoing recovery post-pandemic.
Key financial highlights include a reduction in net loss to $135.6 million from $182.0 million in the fourth quarter of 2023, and a remarkable increase in free cash flow to $113.9 million. The company’s full-year 2024 results, however, showed a slight decline in total revenues to $4,637.2 million, with a net loss of $352.6 million. Despite these challenges, AMC successfully reduced its debt obligations by over $375 million and ended the year with $632.3 million in cash reserves.
AMC’s strategic initiatives, such as enhancing its theatre experience and expanding premium formats, are aimed at capitalizing on anticipated growth in the box office industry. The company welcomed over 62 million guests in the fourth quarter, setting a post-pandemic attendance record and achieving an all-time high in food and beverage revenue per patron.
Looking ahead, AMC is optimistic about the industry’s growth potential and remains committed to improving its theatre offerings. The management anticipates material growth in the box office and plans to continue strengthening its financial position to leverage these opportunities effectively.