NYSE$AMC

AMC Entertainment Holdings Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

AMC's financial performance improved in Q1 2022, marked by substantial revenue growth and reduced net losses compared to the previous year.

AMC Entertainment Holdings, Inc. reported a significant increase in total revenues to $785.7 million for the first quarter of 2022, compared to $148.3 million in the first quarter of 2021. The company's net loss also improved to $337.4 million, compared to a net loss of $567.2 million for the same period last year.

  • Total revenues increased to $785.7 million, a substantial rise from $148.3 million in Q1 2021.
  • Net loss decreased to $337.4 million, showing improvement from a $567.2 million net loss in Q1 2021.
  • Adjusted EBITDA improved by $233.0 million, resulting in a loss of $61.7 million compared to a $294.7 million loss in Q1 2021.
  • Available liquidity stood at $1,376.0 million as of March 31, 2022.

Headline financials

Total Revenue

$786M

Previous: $148M+429.8%
EPS (adj)

-$5.20

Previous: -$14.20+63.4%
Free Cash Flow

-$337M

Previous: -$567M+40.5%
Net Income

-$337M

Previous: -$567M+40.5%
Operating Income

-$167M

Previous: -$428M+61.0%
Gross Profit

$786M

Previous: $148M+429.8%
Cash & Equivalents

$1.16B

Previous: $813M+43.3%
Total Assets

$10.3B

Previous: $10.5B-1.4%
Stock-Based Comp

$6.5M

Previous: $5.4M+20.4%

Revenue & EPS history

AMC · Revenue · Quarterly

$786M

Q1 2022+429.8%vs Q1 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

AMC · $696M total across 2 segments · Q1 2022

  • Admissions
    $444M+538.6%
  • Food & Beverage
    $253M+404.0%

Forward guidance

The outlook for the theatrical box office during the remainder of 2022 is very exciting, with compelling new releases expected to drive revenue. AMC is ready to showcase these new releases and continue to explore transformative value-creating investment opportunities.

Tailwinds

  • Relish and guard our strong liquidity position
  • Strengthen our balance sheet
  • Innovate with our marketing programs to drive revenue
  • Contain costs
  • Invest in our core business

Headwinds

  • AMC’s ability to obtain additional liquidity
  • The potential impact of AMC’s existing or potential lease defaults
  • The impact of the COVID-19 virus on AMC
  • AMC’s significant indebtedness
  • Motion picture production and performance

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 2022

Historical avgQ1 2022

-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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