NYSE$AMC

AMC Entertainment Holdings Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

AMC's third quarter results were impacted by a soft industry-wide box office, but per-patron metrics for admissions revenue and food and beverage spending remained above pre-pandemic levels. Debt was reduced and refinanced, and equity capital was raised.

AMC Entertainment Holdings, Inc. reported total revenues of $968.4 million for the third quarter of 2022, compared to $763.2 million for the third quarter of 2021. Net loss increased to $226.9 million, compared to a net loss of $224.2 million for the third quarter of 2021.

  • Total revenues grew to $968.4 million compared to $763.2 million for the third quarter of 2021.
  • Net loss increased to $226.9 million compared to a net loss of $224.2 million for the third quarter of 2021.
  • Adjusted EBITDA decreased by $7.5 million to a loss of $12.9 million compared to a loss of $5.4 million for the third quarter of 2021.
  • Available liquidity at September 30, 2022 was $895.8 million, including $211.2 million of undrawn capacity under the Company’s revolving credit facility.

Headline financials

Total Revenue

$968M

Previous: $763M+26.9%
EPS (adj)

-$2.00

Previous: -$4.40+54.5%
Free Cash Flow

-$227M

Previous: -$224M-1.2%
Net Income

-$227M

Previous: -$224M-1.2%
Operating Income

-$115M

Previous: -$145M+20.9%
Gross Profit

$968M

Previous: $763M+26.9%
Cash & Equivalents

$685M

Previous: $1.61B-57.5%
Total Assets

$9.21B

Previous: $11.1B-16.7%
Stock-Based Comp

-$3.6M

Previous: $5M-172.0%

Revenue & EPS history

AMC · Revenue · Quarterly

$968M

Q3 2022+26.9%vs Q3 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

AMC · $879M total across 2 segments · Q3 2022

  • Admissions
    $545M+28.3%
  • Food & Beverage
    $333M+25.7%

Forward guidance

AMC expects a return to a more robust film slate in the fourth quarter of 2022.

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 2022

Historical avgQ3 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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