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AMC Entertainment | 8-K: AMC Entertainment Holdings, Inc. Reports Third Quarter 2024 Results

AMC Entertainment | 8-K: AMC Entertainment Holdings, Inc. Reports Third Quarter 2024 Results

AMC院线 | 8-K:AMC院线公布2024年第三季度业绩
美股SEC公告 ·  2024/11/07 05:29

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AMC Entertainment reported Q3 2024 revenues of $1.35B, down 4.1% YoY, with a net loss of $20.7M compared to net earnings of $12.3M in Q3 2023. Adjusted EBITDA was $161.8M, marking the second-best Q3 performance in company history despite being down from $199.9M last year. Total attendance reached 65.1M, declining 11.5% YoY.The company achieved significant financial milestones, including extending $2.4B of debt maturities from 2026 to 2029/2030 and reducing outstanding debt by $349M year-to-date. AMC set new Q3 records for admissions revenue per patron and an all-time record for food and beverage revenue per patron. Cash and cash equivalents stood at $527.4M as of September 30.Management expressed optimism about the upcoming movie slate for late 2024 through 2026, expecting the industry-wide box office to markedly rise. The company's operational efficiencies enabled Q3 Adjusted EBITDA to match pre-pandemic Q3 2019 levels despite 25% lower attendance.
AMC Entertainment reported Q3 2024 revenues of $1.35B, down 4.1% YoY, with a net loss of $20.7M compared to net earnings of $12.3M in Q3 2023. Adjusted EBITDA was $161.8M, marking the second-best Q3 performance in company history despite being down from $199.9M last year. Total attendance reached 65.1M, declining 11.5% YoY.The company achieved significant financial milestones, including extending $2.4B of debt maturities from 2026 to 2029/2030 and reducing outstanding debt by $349M year-to-date. AMC set new Q3 records for admissions revenue per patron and an all-time record for food and beverage revenue per patron. Cash and cash equivalents stood at $527.4M as of September 30.Management expressed optimism about the upcoming movie slate for late 2024 through 2026, expecting the industry-wide box office to markedly rise. The company's operational efficiencies enabled Q3 Adjusted EBITDA to match pre-pandemic Q3 2019 levels despite 25% lower attendance.
AMC院线报告2024年第三季度营业收入为13.5亿美金,同比下降4.1%,净亏损2070万美金,而2023年第三季度净收益为1230万美金。调整后的EBITDA为16180万美金,尽管较去年的19990万美金有所下降,但仍创下公司历史上第二好的第三季度业绩。总观影人数达到6510万,同比下降11.5%。公司实现了重要的财务里程碑,包括将24亿美金的债务到期从2026年延长至2029/2030年,并在年初至今减少了34900万美金的未偿债务。AMC在每位观众的票房收入和每位观众的食品和饮料收入方面创下新的第三季度记录。截止9月30日,现金及现金等价物为52740万美金。管理层对2024年底至2026年的新电影计划表示乐观,预计行业板块的票房将显著上升。尽管观影人数减少了25%,公司的运营效率使得第三季度调整后的EBITDA达到了2019年疫情前第三季度的水平。
AMC院线报告2024年第三季度营业收入为13.5亿美金,同比下降4.1%,净亏损2070万美金,而2023年第三季度净收益为1230万美金。调整后的EBITDA为16180万美金,尽管较去年的19990万美金有所下降,但仍创下公司历史上第二好的第三季度业绩。总观影人数达到6510万,同比下降11.5%。公司实现了重要的财务里程碑,包括将24亿美金的债务到期从2026年延长至2029/2030年,并在年初至今减少了34900万美金的未偿债务。AMC在每位观众的票房收入和每位观众的食品和饮料收入方面创下新的第三季度记录。截止9月30日,现金及现金等价物为52740万美金。管理层对2024年底至2026年的新电影计划表示乐观,预计行业板块的票房将显著上升。尽管观影人数减少了25%,公司的运营效率使得第三季度调整后的EBITDA达到了2019年疫情前第三季度的水平。
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