The earnings call highlighted a strong recovery in the box office and AMC's financial performance, with significant achievements in revenue and strategic initiatives such as debt extension and product expansion. However, challenges in the European market and slight domestic market share decline were noted. Overall, the sentiment is positive, reflecting optimism for future growth and strategic investments.

Company Guidance

In the AMC Entertainment Holdings' Third Quarter 2024 Earnings Call, AMC provided several key metrics highlighting their financial recovery and future guidance. The domestic industry box office reached a post-pandemic third-quarter high of $2.7 billion, up 37% from the previous quarter. AMC's total revenues increased by 31% from the second quarter of 2024, and their net loss was reduced by 37%. Adjusted EBITDA was four times stronger than the prior quarter, marking the second-best third-quarter performance in AMC's history. Despite attendance being 25% lower than in Q3 2019, the adjusted EBITDA was comparable to pre-pandemic levels. The company has successfully extended $2.4 billion of long-term debt maturities and paid down $345 million of debt. Looking forward, AMC anticipates a robust Q4 2024 with major releases like "Mufasa: The Lion King" and "Wicked." The company plans to invest between $1.0 billion and $1.5 billion over the next 4 to 7 years to enhance their theaters, aiming to capitalize on the expected rise in the theatrical box office.

Record Box Office Performance

The domestic industry box office set a third-quarter post-pandemic high of $2.7 billion, marking a 37% increase from the second quarter of 2024.

Strong Financial Metrics

AMC's net loss in Q3 2024 was narrowed by 37% compared to Q2 2024, and total revenues were up by 31%.

Record Admissions Revenue and Food/Beverage Sales

AMC achieved a new record for third-quarter admissions revenue per patron and set an all-time record for any quarter for food and beverage revenues per patron.

Debt Maturity Extension

AMC extended up to $2.4 billion of its long-term debt maturities from 2026 to 2029 and 2030, and paid down $345 million of debt year-to-date in 2024.

Expansion of AMC Perfectly Popcorn

AMC's popcorn product line expanded to more than 6,000 retail locations in 2024, with plans to reach 10,000 or more locations by mid-2025.

Launch of AMC's G.O. Plan

AMC announced a multiyear initiative to invest between $1 billion and $1.5 billion in upgrading theaters and enhancing the moviegoing experience.

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AMC Entertainment (AMC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

AMC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 27, 2025	2024 (Q4)	-0.17 / -	-0.54	―	―	―
Nov 06, 2024	2024 (Q3)	-0.09 / -0.04	0.08	-150.00% (-0.12)	―
Aug 02, 2024	2024 (Q2)	-0.43 / -0.43	0.088	-588.64% (-0.52)	―
May 08, 2024	2024 (Q1)	-0.75 / -0.78	-1.5	48.00% (+0.72)	―
Feb 28, 2024	2023 (Q4)	-0.69 / -0.54	-2.294	76.46% (+1.75)	―
Nov 08, 2023	2023 (Q3)	-0.25 / 0.08	-1.765	104.53% (+1.84)	―
Aug 08, 2023	2023 (Q2)	-0.36 / 0.09	-1.084	108.12% (+1.17)	―
May 05, 2023	2023 (Q1)	-1.38 / -1.50	-3.523	57.42% (+2.02)	―
Feb 28, 2023	2022 (Q4)	-1.83 / -2.29	-1.409	-62.81% (-0.89)	―
Nov 08, 2022	2022 (Q3)	-2.06 / -1.76	-2.385	26.00% (+0.62)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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AMC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 06, 2024	$4.58	$4.30	-6.11%
Aug 02, 2024	$4.94	$4.95	+0.20%
May 08, 2024	$3.19	$3.05	-4.39%
Feb 28, 2024	$4.99	$4.32	-13.43%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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