BOOM! $AMC ’s earnings Q3 2024: Revenue: $1.35 billion 🔺up ...
BOOM! $AMC ’s earnings Q3 2024:
Revenue: $1.35 billion 🔺up 31% from last year.
Net Loss: Narrowed to $20.7 million (way better than last quarter’s red ink).
Adjusted EBITDA: $161.8 million, holding strong despite a tough year.
Cash on Hand: $527.4 million, keeping AMC’s popcorn popping.
CEO Adam Aron’s take? He’s pumped. #AMCTheatres is bouncing back with record revenue per visitor, stellar food sales, and industry wide box office boosts. Even with attendance down, they matched pre-COVID profits no small feat. 😆✊
Debt wise, they pushed $2.4 billion in maturity dates further out, giving #AMC room to breathe. And Aron’s “bullish” about the blockbuster lineup for 2025 and beyond, expecting the box office to keep climbing. 📈📈Bottom line: AMC’s rebounding, leaner and meaner, and ready to ride the wave of upcoming hits.
Revenue: $1.35 billion 🔺up 31% from last year.
Net Loss: Narrowed to $20.7 million (way better than last quarter’s red ink).
Adjusted EBITDA: $161.8 million, holding strong despite a tough year.
Cash on Hand: $527.4 million, keeping AMC’s popcorn popping.
CEO Adam Aron’s take? He’s pumped. #AMCTheatres is bouncing back with record revenue per visitor, stellar food sales, and industry wide box office boosts. Even with attendance down, they matched pre-COVID profits no small feat. 😆✊
Debt wise, they pushed $2.4 billion in maturity dates further out, giving #AMC room to breathe. And Aron’s “bullish” about the blockbuster lineup for 2025 and beyond, expecting the box office to keep climbing. 📈📈Bottom line: AMC’s rebounding, leaner and meaner, and ready to ride the wave of upcoming hits.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Mr Brooks : So report good but price drop?
Cashcauterize Mr Brooks : Proof of stock manipulation, with all the dirty tricks.Find work arounds against spurious High Freq. trading.