NASDAQ$AMCX

AMC Global Media Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

AMC Entertainment Holdings, Inc. reported results for the third quarter of 2021, showing significant revenue growth driven by increased attendance as movie theaters reopened.

AMC Entertainment Holdings, Inc. announced a strong recovery in Q3 2021, with a substantial increase in revenue compared to the previous year, driven by higher attendance and the reopening of movie theaters. The company made progress in its recovery from the pandemic's impact, but still reported a net loss.

  • Total revenue increased significantly compared to the prior year's third quarter.
  • Attendance at AMC theatres rose substantially, reflecting the return of moviegoers.
  • The company continued to navigate the challenges posed by the ongoing pandemic.
  • AMC focused on enhancing the movie-going experience and exploring new revenue streams.

Headline financials

Total Revenue

$811M

Previous: $654M+24.0%
EPS (adj)

$2.68

Previous: $1.32+103.0%
Capital Expenditures

-$30M

Previous: -$35M+14.3%
Free Cash Flow

$80.7M

Previous: $26.7M+202.7%
Net Income

$111M

Previous: $61.6M+79.5%
Operating Income

$188M

Previous: $139M+35.0%
Gross Profit

$433M

Previous: $320M+35.1%
Cash & Equivalents

$1.82B

Previous: $1.07B+69.4%
Total Assets

$5.5B

Previous: $5.39B+2.0%
Stock-Based Comp

$9.45M

Previous: $12.4M-23.7%

Revenue & EPS history

AMC · Revenue · Quarterly

$811M

Q3 2021+24%vs Q3 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

AMC Entertainment Holdings is optimistic about continued recovery and growth, expecting increased attendance and revenue in the coming quarters. The company anticipates further improvements in financial performance as the film slate strengthens and consumer confidence grows.

Tailwinds

  • Anticipates a continued recovery in attendance as more films are released.
  • Expects to benefit from a strong film slate in the upcoming quarters.
  • Focuses on enhancing the movie-going experience to attract more customers.
  • Aims to reduce debt and strengthen its balance sheet.
  • Seeks to capitalize on alternative content and new revenue streams.

Headwinds

  • The ongoing pandemic could still impact attendance and operations.
  • Potential for further delays in film releases.
  • Uncertainty regarding consumer behavior and willingness to return to theaters.
  • Competition from streaming services and other entertainment options.
  • Risk of increased operating costs and expenses.

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 Q3 2021

Historical avgQ3 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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