NYSE$AMC

AMC Entertainment Holdings Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

AMC reported results for the first quarter of 2021, showing a significant decrease in revenue compared to the previous year due to the impact of COVID-19, but expressed optimism about an improving environment for movie-going.

AMC Entertainment Holdings, Inc. reported a challenging first quarter in 2021 with a substantial revenue decline due to the COVID-19 pandemic, which led to theatre closures and limited seating capacities. However, the company highlighted significant progress in strengthening its liquidity position through various financing activities and expressed optimism about recovery due to increasing vaccinations and the release of new movie titles.

  • AMC's revenue decreased by 84.2% compared to Q1 2020, totaling $148.3 million.
  • Net loss was $(567.2) million, an improvement compared to the $(2,176.3) million loss in Q1 2020.
  • The company raised approximately $2 billion in fresh equity and debt capital over the past five months.
  • Approximately 7 million patrons returned to AMC theatres during the first quarter.

Headline financials

Total Revenue

$148M

Previous: $942M-84.2%
EPS (adj)

-$14.20

Previous: -$22.20+36.0%
Attendance

6.8M

No prior period
Free Cash Flow

-$567M

Previous: -$2.18B+74.0%
Net Income

-$567M

Previous: -$2.18B+74.0%
Operating Income

-$428M

Previous: -$1.99B+78.5%
Gross Profit

$148M

Previous: $942M-84.2%
Cash & Equivalents

$813M

Previous: $300M+171.2%
Total Assets

$10.5B

Previous: $11.2B-6.7%
Stock-Based Comp

$5.4M

Previous: $2.7M+100.0%

Revenue & EPS history

AMC · Revenue · Quarterly

$148M

Q1 2021-84.2%vs Q1 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

AMC · $120M total across 2 segments · Q1 2021

  • Admissions
    $69.5M-87.8%
  • Food & Beverage
    $50.1M-82.6%

Forward guidance

AMC is focused on bold actions to recover from the impact of COVID-19.

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

-0.9%

Avg return

Earnings day

+2.6%

Avg return

5 days after

+11.8%

Avg return

30 days after

33%

13 / 39 earnings

Positive

+31.1%

Q4 2019

Best reaction

-14.8%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+10.4%+4.2%+35.4%
Q4 2025-1.7%-3.3%-17.5%
Q3 2025+3.2%-2.8%-9.2%
Q1 2025-0.4%+1.1%+25.5%
Q4 2024-0.3%-6.7%-11.9%
Q3 2024-1.8%+2.3%+7.7%
Q2 2024-3.9%-5.9%-5.9%
Q1 2024-4.1%+62.7%+53.9%
Q4 2023-9.8%-10.2%-22.7%
Q3 2023-14.8%-22.7%-32.2%
Q2 2023-2.3%+2.7%-84.1%
Q1 2023+0.6%-7.3%-23.1%
Q4 2022-8.8%-13.5%-34.7%
Q3 2022-13.9%+35.1%+13.9%
Q2 2022+2.5%+23.3%-51.2%
Q1 2022-9.0%-14.2%-1.7%
Q4 2021-2.9%-12.1%+30.6%
Q3 2021+8.1%-4.1%-22.4%
Q2 2021+3.4%+2.4%+45.0%
Q1 2021-1.9%+9.6%+422.5%
Q4 2020-6.2%+33.7%-10.3%
Q3 2020-8.9%+5.5%+83.1%
Q2 2020-0.2%+9.9%+69.2%
Q1 2020-7.1%-8.7%-29.1%
Q4 2019+31.1%+30.3%+85.2%
Q3 2019-4.6%-4.2%-16.9%
Q2 2019+5.8%+2.8%+1.5%
Q1 2019-7.0%-7.8%-26.6%
Q4 2018+1.2%+12.6%+7.1%
Q3 2018-1.4%-15.5%-22.4%
Q2 2018-1.5%+6.1%+16.9%
Q1 2018+5.5%+0.0%-9.8%
Q4 2017-1.7%+6.3%-6.3%
Q3 2017+2.5%-7.6%+19.7%
Q2 2017+7.6%+2.6%-6.3%
Q1 2017-1.0%-7.6%-18.4%
Q4 2016-0.3%-6.5%-1.0%
Q3 2016+2.6%+10.2%+4.3%
Q2 2016-3.3%-1.3%+3.4%
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2013
Q2 2014
Q4 2012
Q1 2013
Q1 2014
Q4 2013
Q3 2013
Q3 2012

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