AMC Entertainment Holdings First Quarter 2024 Results: Exceeds Expectations

AMC Entertainment Holdings (NYSE:AMC) First Quarter 2024 Results

Key financial results

• Revenue: US$951.4 million (stable in 1Q 2023).

• Net loss: US$163.5 million (loss reduced by 31% compared to 1Q 2023).

• Loss of US$0.62 per share (improved from loss of US$1.51 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period.

AMC Entertainment Holdings Revenue, Profit Beat Expectations

Revenues beat analyst estimates by 4.0%. Earnings per share (EPS) also beat analyst estimates by 19%.

Looking ahead, revenues are expected to grow 4.7% per year on average over the next three years, compared to an 8.3% growth forecast for the U.S. entertainment industry.

Performance of American entertainment industry.

The company's shares are down 2.6% from a week ago.

Risk analysis

Remember that there may still be risks. For example, we identified 4 warning signs for AMC Entertainment Holdings (2 are significant) you should be aware of this.

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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to constitute financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your objectives or your financial situation. Our goal is to provide you with targeted, long-term analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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