NYSE$AMC
AMC Entertainment Holdings Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported second quarter 2022 results, showing significant revenue growth and improved profitability compared to the previous year.
AMC Entertainment Holdings, Inc. reported a substantial increase in total revenues, reaching $1,166.4 million, and a reduced net loss of $121.6 million. The company's adjusted EBITDA improved significantly to $106.7 million, and operating cash burn improved to $52.0 million. Attendance increased dramatically to 59 million, and available liquidity remained strong at $1,176.3 million.
- Total revenues increased to $1,166.4 million, a 162.3% increase from Q2 2021.
- Net loss improved to $121.6 million, compared to a net loss of $344.0 million in Q2 2021.
- Adjusted EBITDA was a positive $106.7 million, a $257.5 million improvement from Q2 2021.
- The company achieved positive Operating Cash (Burn) Generated of $52.0 million, a $178.8 million improvement from Q2 2021.
Headline financials
Revenue & EPS history
AMC · Revenue · Quarterly
$1.17B
Revenue by segment
AMC · $1.05B total across 2 segments · Q2 2022
- Admissions$651M+179.4%62.1%
- Food and beverage$397M+145.6%37.9%
Forward guidance
AMC expects significantly improving operating results, beginning in Q4 2022 and continuing into 2023, driven by a strong movie slate and increased domestic box office projections.
Tailwinds
- Attendance in July 2022 saw the highest number of guests visit AMC’s U.S. theatres since December of 2019.
- Preliminary July food and beverage revenue numbers appear to be the biggest single-month figure at our U.S. theatres in our company’s entire 102-year history.
- A strong movie slate is expected in Q4 2022, including HALLOWEEN ENDS, TICKET TO PARADISE, BLACK ADAM, ARMAGEDDON TIME, AMSTERDAM, A MAN CALLED OTTO, BABYLON, BLACK PANTHER sequel, SHAZAM sequel, and AVATAR sequel.
- The movie slate for 2023 is expected to be strong.
- Internal forecast is that the 2023 domestic box office will be billions of dollars larger than that of 2022.
Headwinds
- There is a dearth of new big movie titles being released in August and September, so things will slow for several weeks.
- Forward-looking statements are subject to risks, trends, uncertainties and other facts that could cause actual performance or results to differ materially.
- Risks related to 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, the motion picture exhibition industry, and the economy in general.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 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
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| 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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