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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院線 | 8-K:AMC院線公布2024年第三季度業績
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院線報告2024年第三季度營業收入爲13.5億,較去年同期下降4.1%,淨虧損爲2070萬,而2023年第三季度淨盈利爲1230萬。調整後息稅折舊攤銷前利潤(EBITDA)爲16180萬,儘管低於去年的19990萬,但仍創下公司歷史上第二好的第三季度表現。總觀影人數達到6510萬,同比下降11.5%。公司取得了重大財務里程碑,包括將24億債務到期日從2026年延長至2029/2030年,並在年初至今減少了34900萬的未償債務。AMC在每位觀衆的票房收入和每位觀衆的餐飲收入上設立了新的第三季度記錄。截止9月30日,現金及現金等價物爲52740萬。管理層對2024年末至2026年間即將上映的電影表示樂觀,預計整個行業的票房將顯著上升。儘管觀衆人數下降25%,公司的運營效率使得第三季度調整後EBITDA達到了2019年疫情前的第三季度水平。
AMC院線報告2024年第三季度營業收入爲13.5億,較去年同期下降4.1%,淨虧損爲2070萬,而2023年第三季度淨盈利爲1230萬。調整後息稅折舊攤銷前利潤(EBITDA)爲16180萬,儘管低於去年的19990萬,但仍創下公司歷史上第二好的第三季度表現。總觀影人數達到6510萬,同比下降11.5%。公司取得了重大財務里程碑,包括將24億債務到期日從2026年延長至2029/2030年,並在年初至今減少了34900萬的未償債務。AMC在每位觀衆的票房收入和每位觀衆的餐飲收入上設立了新的第三季度記錄。截止9月30日,現金及現金等價物爲52740萬。管理層對2024年末至2026年間即將上映的電影表示樂觀,預計整個行業的票房將顯著上升。儘管觀衆人數下降25%,公司的運營效率使得第三季度調整後EBITDA達到了2019年疫情前的第三季度水平。
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