NASDAQ$AMCX

AMC Global Media Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

AMC's financial performance improved, driven by increased attendance and strategic initiatives.

AMC Entertainment Holdings, Inc. reported improved first-quarter results, demonstrating recovery from pandemic-related impacts. The company saw a significant increase in revenue compared to the previous year, driven by higher attendance as theaters reopened. Strategic initiatives to enhance the guest experience and optimize operations also contributed to the improved performance.

  • Total revenue increased significantly compared to the prior year, reflecting increased attendance.
  • Net loss decreased compared to the prior year, indicating improved profitability.
  • The company successfully raised capital to strengthen its balance sheet and support ongoing operations.
  • AMC focused on enhancing the guest experience and implementing cost-saving measures.

Headline financials

Total Revenue

$692M

Previous: $734M-5.8%
EPS (adj)

$2.98

Previous: $1.47+102.7%
Capital Expenditures

-$8.54M

Previous: -$12.9M+33.9%
Free Cash Flow

$78.5M

Previous: $55.8M+40.8%
Net Income

$87M

Previous: $68.7M+26.7%
Operating Income

$170M

Previous: $173M-1.9%
Gross Profit

$411M

Previous: $390M+5.3%
Cash & Equivalents

$1B

Previous: $704M+42.7%
Total Assets

$5.25B

Previous: $5.32B-1.3%
Stock-Based Comp

$13.4M

Previous: $15.5M-13.3%

Revenue & EPS history

AMC · Revenue · Quarterly

$692M

Q1 2021-5.8%vs Q1 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

AMC anticipates continued recovery and growth in the coming quarters, driven by increasing vaccination rates, a strong film slate, and strategic initiatives. The company expects attendance and revenue to improve as more theaters reopen and consumer confidence returns.

Tailwinds

  • Increasing vaccination rates expected to drive attendance growth.
  • Strong film slate anticipated to attract moviegoers.
  • Reopening of theaters to expand capacity and revenue opportunities.
  • Focus on enhancing the guest experience to improve customer satisfaction.
  • Strategic initiatives to optimize operations and reduce costs.

Headwinds

  • Uncertainty regarding the pace of recovery and potential for future disruptions.
  • Ongoing expenses related to enhanced safety measures.
  • Potential for delays in film releases to impact attendance.
  • Risk of increased competition from streaming services.
  • High debt levels and associated interest expense.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.7%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+0.4%

Avg return

30 days after

53%

34 / 64 earnings

Positive

+34.0%

Q4 2020

Best reaction

-16.2%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.7%-2.1%+14.3%
Q4 2025-2.3%+10.0%-3.9%
Q3 2025+3.7%+13.4%+24.1%
Q1 2025+2.3%-0.8%+4.7%
Q4 2024-10.7%-13.6%-29.0%
Q3 2024+2.0%+1.1%+11.9%
Q2 2024+3.0%-9.8%-10.1%
Q1 2024+7.6%+19.4%+35.2%
Q4 2023-13.7%-18.2%-30.5%
Q3 2023-4.3%-5.2%+27.4%
Q2 2023-5.2%-7.6%-25.7%
Q1 2023+7.0%-7.0%-16.2%
Q4 2022+16.7%+16.3%-22.0%
Q3 2022-4.5%+16.7%-4.7%
Q2 2022-11.2%-9.7%-22.3%
Q1 2022-0.2%+8.6%+10.0%
Q4 2021-16.2%-13.8%-9.3%
Q3 2021-0.8%-4.9%-18.6%
Q2 2021+6.8%+12.0%-8.1%
Q1 2021+4.6%+6.1%+48.0%
Q4 2020+34.0%+29.5%+1.8%
Q3 2020+8.3%+12.4%+52.6%
Q2 2020-5.2%-1.4%-6.9%
Q1 2020+0.5%+8.9%+34.6%
Q4 2019+1.8%-1.4%-18.5%
Q3 2019-1.8%-6.8%-12.4%
Q2 2019-2.0%-3.9%-11.1%
Q1 2019-1.8%-2.2%-9.7%
Q4 2018+4.4%-1.2%-10.7%
Q3 2018+0.7%+4.2%+2.2%
Q2 2018-0.1%-1.7%+3.6%
Q1 2018+7.3%+6.7%+13.4%
Q4 2017+1.6%+0.8%-1.7%
Q3 2017-6.8%-3.0%+3.7%
Q2 2017-0.4%-0.2%-2.9%
Q1 2017+1.7%+0.2%-2.7%
Q4 2016+6.0%+4.0%+0.2%
Q3 2016+6.0%+6.0%+7.5%
Q2 2016-4.1%-3.9%-2.6%
Q1 2016+7.6%
Q4 2015-6.7%
Q3 2015+6.3%
Q2 2015-3.1%
Q1 2015+4.6%
Q4 2014+4.1%
Q3 2014+3.3%
Q2 2014-1.0%
Q1 2014-11.5%
Q4 2013+9.2%
Q3 2013-7.7%
Q2 2013-8.0%
Q1 2013+3.1%
Q4 2012-1.8%
Q3 2012+7.5%
Q2 2012+0.3%
Q1 2011+5.2%
Q1 2012+5.2%
Q2 2011-4.9%
Q4 2011-4.9%
Q3 2011+13.1%
Q3 2010+13.1%
Q4 2010-8.5%
Q2 2010-8.5%
Q4 2009-8.5%
Q1 2010

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