NASDAQ$AMCX

AMC Global Media Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

AMC's Q2 2024 performance reflected a mix of strategic initiatives and market challenges.

AMC reported revenue of $1.35 billion and a net loss, with a focus on strategic investments and navigating industry headwinds.

  • Total revenue reached $1.35 billion.
  • The company reported a net loss for the quarter.
  • AMC continued to focus on strategic initiatives to drive long-term growth.
  • The company navigated various industry challenges during the quarter.

Headline financials

Total Revenue

$626M

Previous: $679M-7.8%
EPS

-$0.66

Previous: $2.02-132.7%
Streaming Subscribers

10.2M

No prior period
Streaming Revenues

$151M

No prior period
Affiliate Revenues

$172M

No prior period
Content Licensing Revenues

$66.6M

No prior period
Advertising Revenues

$150M

No prior period
Capital Expenditures

-$16M

Previous: -$21.5M+25.6%
Free Cash Flow

-$45.2M

Previous: $48.8M-192.6%
Net Income

-$29.2M

Previous: $70.2M-141.6%
Operating Income

$10.8M

Previous: $106M-89.8%
Gross Profit

$345M

Previous: $357M-3.2%
Cash & Equivalents

$803M

Previous: $893M-10.2%
Total Assets

$4.87B

Previous: $5.47B-10.9%
Stock-Based Comp

$8.46M

Previous: $7.65M+10.6%

Revenue & EPS history

AMC · Revenue · Quarterly

$626M

Q2 2024-7.8%vs Q2 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

AMC anticipates continued recovery in the cinema industry, with a focus on enhancing the moviegoing experience and exploring new revenue streams. They expect to manage costs effectively while investing in strategic growth initiatives.

Tailwinds

  • Continued recovery in cinema attendance expected.
  • Focus on enhancing the moviegoing experience.
  • Exploration of new revenue streams.
  • Effective cost management strategies.
  • Investments in strategic growth initiatives.

Headwinds

  • Uncertainty in film release schedules.
  • Potential for increased competition from streaming services.
  • Fluctuations in consumer spending habits.
  • Impact of economic conditions on discretionary spending.
  • Geopolitical risks affecting international markets.

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 Q2 2024

Historical avgQ2 2024

+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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro