Headline: $AMC halted
$AMC Entertainment (AMC.US)$ 1. Revenue Decline: Total revenues are expected to be around $1,030.6 million, down from $1,347.9 million in Q2 2023, representing a significant decrease.
2. Net Loss: The company anticipates a net loss of approximately $32.8 million, compared to net earnings of $8.6 million in the same quarter last year.
3. Earnings Per Share: Diluted loss per share is expected to be around $(0.10), down from earnings per share of $0.06 in Q2 2023.
4. Adjusted EBITDA: This metric is expected to decrease substantially to approximately $29.4 million, compared to $182.5 million in Q2 2023.
5. Cash Position: Cash and cash equivalents are expected to be approximately $770.3 million as of June 30, 2024.
These preliminary results suggest that AMC is facing significant challenges, with declines across all major financial metrics compared to the same period last year. The shift from profitability to a net loss and the substantial decrease in Adjusted EBITDA are particularly noteworthy. The decline in revenue could be due to various factors such as decreased theater attendance, competition from streaming services, or broader economic conditions affecting the entertainment industry.
It's important to note that these are preliminary, unaudited results and may be subject to change. Investors and analysts will likely be looking for more detailed explanations of these results and the company's strategy moving forward when the final Q2 2024 report is released.
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MuscMoo : bah, the stock is dependent on macroeconomics with the hedge funds spoofing all the way to protect their short positions... fundamentals mean very little with this stock as long as they avoid bankruptcy, which they have
FANCY PANTS : Fundamentals mean everything for this stock when generating more revenue is essential to improving cash flow, which is what will actually pay off their debt.
Extending the term of their repayment doesn't mean anything if they still don't have money to pay for it.
And how will they pay for it if sales don't increase? Constant share offerings. And you can bet if AMC every does "moass" that AA will do the Mother of All Share Offerings and kill any momentum.
He is screwing investors to try and keep a failing company afloat.
But yall refuse to face facts.
Justin Brewer : ROM-STAR why the F do you write all that while IGNORING the FACT that the WGA & SAG Strikes—which led to the TEMPORARY decrease in output of high quality studio tentpole theatrical releases—caused this quarterly result? YOU 🫵 are INTENTIONALLY pushing the WORST POSSIBLE INTERPRETATION of this Q2 report.
FUD. Which Hedge Fund is paying you?