AMC Entertainment Holdings Inc (NYSE:AMC) reported financial results for the fourth quarter after the market close on Tuesday. Here’s a look at the key metrics from the quarter.
Q4 Earnings: AMC reported fourth-quarter revenue of $1.31 billion, beating the consensus estimate of $1.3 billion. The movie theater operator reported a fourth-quarter adjusted loss of 18 cents per share, in line with analyst estimates, according to Benzinga Pro.
Total revenue was up more than 18% on a year-over-year basis. Net cash provided by operations was $203.6 million in the fourth quarter, and AMC generated $113.9 million of free cash flow in the quarter. The company ended the period with $632.3 million in cash and cash equivalents.
AMC reported a total fourth-quarter attendance of approximately 62.42 million, up 20.2% year-over-year. U.S. attendance was 42.96 million in the quarter, up 21.1% year-over-year.
“More than 62 million guests visited an AMC theatre worldwide in the fourth quarter, marking a post-pandemic fourth quarter record and a healthy 20% increase compared to 2023. Complementing this fourth quarter attendance milestone, moviegoers enthusiastically embraced the variety and quality of our food and beverage offerings, driving food and beverage revenue per patron to $7.15 — an all-time fourth quarter record for AMC,” said Adam Aron, chairman and CEO of AMC.
"As we look ahead to 2025 and beyond, we look forward to what we believe will be material growth in the industry-wide box office. To best benefit from such growth, we remain committed to continually improving the experience in our theatres for our guests.”
AMC said it plans to work on expanding its premium large format, extra-large format and special purpose screens in 2025.
The company noted it has already raised $171.7 million in the first quarter of 2025 from prepayment of forward agreements and at-the-market offerings. AMC also said it repurchased $1.3 million of its 5.75% senior subordinated notes due 2025 in the first quarter.
AMC executives will further discuss the company’s quarterly results on a conference call at 5 p.m. ET.
AMC Price Action: AMC shares were up 5.20% in after-hours, trading at $3.44 at the time of publication Tuesday, according to Benzinga Pro.
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