The largest theater channel in the United States and the world, AMC Entertainment has seen income from the last three months of 2024, estimates with revenues up 18 +% to $ 1.3 billion. Highlights included Gladiator II, Wicked, Moana 2, Mufasa: The King of the Lion And more.
Adjusted gains Before interest, taxes, damping and damping (EBITDA), a key metric for Wall Street, more than tripled to $ 164.8 million, compared to $ 49.9 million the previous year, exceeding forecasts. The action was a delay and closed approximately 3% before exploding almost 7% at its high level on figures after the market almost $ 3.50.
Net losses have narrowed to $ 136 million against $ 182 million the previous year.
Especially for the exhibitor who has been fighting against a high debt since Covid has flattened the sector, generated more than 200 million dollars in cash from operating activities and around $ 114 million in available cash flow – his highest quarterly cash pandemic after the pandemic.
“These results underline our continuous progress on a recovery path as an increasing range of films open exclusively in cinemas,” said CEO Adam Aron.
“More than 62 million guests have visited an AMC theater worldwide in the fourth quarter, marking a post-Pandemia record in the fourth quarter and a healthy increase of 20% compared to 2023. Completing this important step in participation in the fourth quarter, film buffs have enthusiastically adopted the variety and quality of our food and food drinks, the first quarter and the services drinks.
He noted actions in 2024 to strengthen the balance sheet, reduce our debt levels, strengthen our cash reserves “and continue to position AMC to prosper as a box office grew up. “During the year, AMC reduced its debt obligations to more than $ 375 million and has ended the year with more than $ 630 million in available cash. It will need money to pay interest and finance operations until the box office resumes.
“While we are waiting in 2025 and beyond, we are impatiently awaiting what we think is material growth at the box office on the scale of industry. To best benefit from such growth, we remain determined to continuously improve experience in our theaters for our customers. This especially includes a robust expansion of our premium high-end format, our extra-large format and screens for special purposes, as part of our GO plan which was announced simultaneously with our latest quarterly results. »»
Aron will organize a call at 5 p.m. HE.