NASDAQ$AMCX

AMC Global Media Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

AMC's Q4 2019 earnings reflected revenue growth driven by increased attendance and strategic initiatives, but profitability was impacted by higher operating expenses.

AMC reported revenue growth in Q4 2019, driven by increased attendance and food and beverage sales. However, net income decreased due to higher operating expenses.

  • Total revenue increased due to higher attendance and food and beverage revenue.
  • Attendance growth was supported by a strong film slate.
  • Operating expenses increased, impacting profitability.
  • The company continued to invest in strategic initiatives to enhance the guest experience.

Headline financials

Total Revenue

$785M

Previous: $773M+1.6%
EPS (adj)

$1.69

Previous: $1.92-12.0%
Capital Expenditures

$22.5M

Previous: $29M-22.5%
Free Cash Flow

$60.8M

Previous: $106M-42.4%
Net Income

-$13M

Previous: $71.9M-118.1%
Operating Income

$25.4M

Previous: $137M-81.5%
Gross Profit

$359M

Previous: $370M-3.1%
Cash & Equivalents

$816M

Previous: $555M+47.1%
Total Assets

$5.6B

Previous: $5.28B+6.0%
Stock-Based Comp

$13.7M

Previous: $8.97M+52.3%

Revenue & EPS history

AMC · Revenue · Quarterly

$785M

Q4 2019+1.6%vs Q4 2018
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

AMC expects continued growth in attendance and revenue, driven by a strong film slate and strategic initiatives. The company plans to manage operating expenses and invest in enhancing the guest experience.

Tailwinds

  • Strong film slate expected to drive attendance growth.
  • Continued investment in strategic initiatives to enhance guest experience.
  • Focus on managing operating expenses to improve profitability.
  • Expansion of food and beverage offerings expected to increase revenue per patron.
  • Loyalty programs to drive repeat visits.

Headwinds

  • Increased competition from alternative entertainment options.
  • Potential impact of economic downturn on consumer spending.
  • Fluctuations in film slate performance.
  • Uncertainty regarding the impact of new technologies on moviegoing habits.
  • Seasonality in attendance patterns.

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 Q4 2019

Historical avgQ4 2019

+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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