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AMC Entertainment | 8-K: AMC Entertainment Holdings, Inc. Previews Second Quarter 2024 Preliminary Results and Announces Second Quarter 2024 Earnings Webcast

AMC Entertainment | 8-K: AMC Entertainment Holdings, Inc. Previews Second Quarter 2024 Preliminary Results and Announces Second Quarter 2024 Earnings Webcast

AMC院線 | 8-K:AMC院線預覽2024年第二季度初步業績並宣布2024年第二季度收益網絡直播
美股SEC公告 ·  2024/07/25 05:00

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AMC Entertainment released preliminary Q2 2024 results, reporting revenue of $1.03B compared to $1.35B in Q2 2023, with a net loss of $32.8M versus earnings of $8.6M last year. Adjusted EBITDA declined to $29.4M from $182.5M YoY, while cash and equivalents stood at $770.3M as of June 30, 2024.Despite overall quarterly weakness due to 2023's actors and writers strikes impacting film releases, AMC experienced significant daily revenue improvement in June 2024 compared to April and May. The industry box office for June nearly matched the combined total of the previous two months, with positive momentum continuing into July.Management expressed confidence in the industry's recovery trajectory, projecting stronger box office performance for H2 2024 through 2026. This anticipated improvement in industry revenues is expected to drive increased Adjusted EBITDA for AMC going forward. The company will report complete Q2 results on August 2, 2024.
AMC Entertainment released preliminary Q2 2024 results, reporting revenue of $1.03B compared to $1.35B in Q2 2023, with a net loss of $32.8M versus earnings of $8.6M last year. Adjusted EBITDA declined to $29.4M from $182.5M YoY, while cash and equivalents stood at $770.3M as of June 30, 2024.Despite overall quarterly weakness due to 2023's actors and writers strikes impacting film releases, AMC experienced significant daily revenue improvement in June 2024 compared to April and May. The industry box office for June nearly matched the combined total of the previous two months, with positive momentum continuing into July.Management expressed confidence in the industry's recovery trajectory, projecting stronger box office performance for H2 2024 through 2026. This anticipated improvement in industry revenues is expected to drive increased Adjusted EBITDA for AMC going forward. The company will report complete Q2 results on August 2, 2024.
AMC院線發佈了2024年第二季度的初步業績,報告營業收入爲10.3億,與2023年第二季度的13.5億相比,淨虧損爲3280萬,而去年爲盈利860萬。調整後的EBITDA同比下降至2940萬,去年爲18250萬,截至2024年6月30日,現金及現金等價物爲77030萬。儘管由於2023年的演員和編劇罷工影響了電影發行,整體季度表現疲軟,但AMC在2024年6月的日均營業收入相比於4月和5月有顯著提高。6月的行業票房幾乎趕上了前兩個月的總和,積極的勢頭持續進入7月。管理層對行業的復甦軌跡充滿信心,預計2024年下半年至2026年票房表現將更強勁。這一預期中的行業營收改善預計將推動AMC未來的調整後EBITDA增長。該公司將在2024年8月2日公佈完整的第二季度業績。
AMC院線發佈了2024年第二季度的初步業績,報告營業收入爲10.3億,與2023年第二季度的13.5億相比,淨虧損爲3280萬,而去年爲盈利860萬。調整後的EBITDA同比下降至2940萬,去年爲18250萬,截至2024年6月30日,現金及現金等價物爲77030萬。儘管由於2023年的演員和編劇罷工影響了電影發行,整體季度表現疲軟,但AMC在2024年6月的日均營業收入相比於4月和5月有顯著提高。6月的行業票房幾乎趕上了前兩個月的總和,積極的勢頭持續進入7月。管理層對行業的復甦軌跡充滿信心,預計2024年下半年至2026年票房表現將更強勁。這一預期中的行業營收改善預計將推動AMC未來的調整後EBITDA增長。該公司將在2024年8月2日公佈完整的第二季度業績。
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