Tag: AMC Earnings

AMC Q2 Earnings Call is Less Than a Week Away

AMC Q2 earnings call
Market News: AMC Q2 earnings are just around the corner | AMC Q2 Earnings call date

AMC Q2 earnings call is scheduled to take place on Thursday August 4th, per CEO Adam Aron.

Shareholders are expecting a rather bullish earnings call given the great success films have had during the quarter.

Titles such as Doctor Strange: Multiverse of Madness and Top Gun: Maverick have had massive success in Q2.

Doctor Strange has made more than $815 million globally according to economic times.

Top Gun Maverick has earned more than $1.2 billion worldwide.

In Q1, Adam Aron announced AMC Entertainment had increased their historic market share of 22% to 26%.

Shareholders are anticipating a stronger and more profitable quarter for AMC’s Q2 earnings call.

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AMC Q1 2022 recap

Market News: AMC Q1 2022 recap
Market News: AMC Q1 2022 recap

AMC’s Q2 earnings call is just a few days away.

I will be covering the highlights here on the blog so be sure sign up for email notifications.

AMC Entertainment dominated with powerful Q1 results early this year.

AMC Entertainment announced it had the best 1st quarter in two years when it exceeded market expectations.

The movie theatre giant saw an impressive $630 million improvement in revenue in Q1 and $233 million in adjusted EBITDA from over a year ago.

CFO Sean Goodman announced that AMC seated 39 million guests in Q1 alone this year; it had seated 7 million guests in Q1 of 2021.

A whopping 32 million difference.

AMC Entertainment earned $785.7 million in revenue this first quarter, more than five times the revenue in Q1 of 2021 ($148.3m).

The company also ended Q1 with $1.4 billion in liquidity.

Debt and innovation

AMC repaid $45 million of deferred rent in Q1 reducing their balance to approximately $272 million.

They planned to reduce the deferred rent by another $125 million by the end of the year.

AMC Entertainment announced in July it had repurchased more than $72.5 million of lien debt.

I’m certain we will hear more about this in AMC’s Q2 earnings call this August.

Earlier in Q1 we saw AMC acquire seven new Bow Tie Cinema movie theatres.

The movie theatre chain announced a quarter billion investment in new state-of-the-art laser projectors too.

And in July Adam Aron teased about a partnership with Uber Eats.

The incredible thing is that AMC has been able to do this while significantly lowering their debt.

A pattern AMC Entertainment has demonstrated time and time again is that of progress.

A ‘pounce’ would not happen before second quarter

Adam Aron said on Twitter a ‘pounce’ would not happen before second quarter 2022 earnings are announced.

And it has shareholders eager to find out what’s coming.

Adam Aron Q2 ‘pounce’ tweet

Whatever it is, it’s bullish.

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Related: Is AMC CEO Adam Aron About to Release a Secret Weapon?

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AMC Entertainment Holdings, Inc. Q4 Highlights [Wow]

AMC Q4 Earnings Call
AMC Q4 Earnings Call

AMC Entertainment Holdings, Inc. just held their Q4 earnings call for 2021.

If you listened to the call, you know there’s so much going on with the biggest movie theatre chain in the world.

In this article I break down AMC’s Q4 highlights in case you weren’t able to digest everything all at once during the earnings call.

Here’s why retail investors are excited.

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Welcome to Franknez.com – if you read my article on what to expect for AMC’s Q4 you’re going to recognize how spot on it was to the actual earnings call. There are many great things happening with the company.

Let’s dive right into it!

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AMC now has a positive EBITDA

AMC Positive Cash Flow
Q4 Earnings Call – AMC Positive Cash Flow

AMC now has a positive EBITDA after 2 years.

The company announced it has a positive operating cashflow of $160 million.

EBITDA provides investors with a snapshot of a company’s overall financial performance.

Fundamentally speaking, it’s a massive win for AMC Entertainment as a business.

AMC Shareholders were able to arm AMC with more than $1.8 billion in liquidity for Q4 of 2021.

CEO and President Adam Aron said this $1.8 billion will provide AMC with more security and flexibility to go on the offense.

AMC box office grosses improved each and every quarter of 2020 and 2021 as the number of theatre titles increased.

AMC hosted approximately 60 million guests in the United States, Europe, and Middle East in Q4 alone.

The company without a doubt is on a positive path to recovery.

“Those experts greatly underestimated AMC”

Adam Aron said in AMC’s Q4 earnings call that conventional wisdom has typically been wrong.

He stated that when people thought AMC would file for bankruptcy, it didn’t happen.

The movie theatre industry leader also called out financial experts during the earnings call.

When respectable analysts and experts gave AMC a share price of $2, $1, and even $0.01, they were wrong, said Adam Aron.

Titles like Spider-Man, Ghost Busters, Eternals, and Venom were some of the most successful films in the industry.

Spider-Man No Way Home became the third highest grossing movie ever.

The Batman is opening later this week with advanced bookings for the film already very strong.

The film is set to be released on March 4th.

Other films coming this year:

  • Doctor Strange in the Multiverse of Madness
  • Elvis
  • Scream
  • Studio 666 (Foo Fighters)
  • Fantastic Beasts: The Secret of Dumbledore
  • Jurassic World Dominion
  • Thor: Love and Thunder
  • The Flash
  • Avatar 2
  • Top Gun: Maverick
  • Black Adam
  • Halloween Ends
  • Batgirl
  • Black Panther: Wakanda Forever

And many more.

Adam Aron is anticipating 2022 box office grossing’s to be nearly double that of 2021’s.

“That makes us at AMC bullish of our continued progress.” – Adam Aron

AMC Q4 Earnings

AMC Q4 Earnings Call - AMC has positive cashflow
Q4 Earnings Call – AMC has positive cashflow

AMC’s Q4 revenue hit $1.17 billion, up 53% from Q3 of 2021 and more than 7 times the revenue of Q4 in 2020.

The company also adjusted positive EBITDA for the first time in two years of $159.2 million.

The theatre chain is now netting positive cash flow they can use to pay down debt and innovate for future growth.

Debt

AMC Entertainment paid $61 million in Q4 of deferred (postponed) rent, reducing the total debt to $315 million.

It reduced a total of $155 million of deferred rent in the last 9 months of 2021.

At this rate, the company could be caught up with their deferred rent by e2023.

They plan to reduce the deferred rent by $150-$200 million in 2022 leaving them with $160-$115 million left for 2023.

Last year the company sold a $950 million junk bond which enhanced their financial stability.

Related: AMC Theatre debt refinance plan: CEO shows strong resilience

Adam Aron said during AMC’s Q4 earnings call that the company plans to invest in the growth enhancement of the business by focusing on revenue growth.

7 innovations from AMC currently on the works

Adam Aron introduced 7 innovations the theatre chain is currently undergoing.

In short, they are:

  1. NFTs
  2. Cryptocurrencies
  3. Variable pricing
  4. AMC Perfectly Popcorn
  5. Additional theatre additions
  6. Branded credit cards
  7. Recovery, Agility, & Transformation

1. NFTs

The highest sold AMC NFT was a Spider-Man NFT that sold for $17,000.

Adam Aron said during AMC’s Q4 earnings call that future NFTs will enhance engagement with guests.

The company is also monetizing their NFTs by receiving a royalty every time the NFT is sold.

2. Cryptocurrencies

AMC continues to explore opportunity and convenience for their guests.

In March people will be able to make online payments using Dogecoin or Shiba Inu coin.

Adam Aron mentioned AMC is looking at issuing their own cryptocurrency depending on how crypto regulatory unfolds.

3. Variable pricing

AMC is charging higher prices for certain movie titles based on the demand of the films.

This is new for the United States, but AMC has been doing this for years in European theatres.

In Europe, they charge a premium for the best seats in the house just like they do in sports events and concerts.

4. AMC Perfectly Popcorn

The branded popcorn business for 2022 is on track.

Adam Aron said 50 tons of popcorn are sold on a peak day and demonstrated his confidence in selling these across retail stores in the United States.

Ellen Copaken formerly of Frito-Lay and Hostess Brands will be leading the project.

5. Additional theatre additions

AMC has acquired multiple theatres across the country and will continue to acquire ‘hot locations’.

Under AMC leadership and management, The Grove and American theatres in Los Angeles, California have ranked among the 30 highest grossing movie theatres in the United States.

Related: CEO strengthens AMC Theatres by acquiring Cinemark Cinema lease

6. Branded credit cards

AMC Entertainment plans to offer branded credit cards to its customers, co-branded with Chase.

7. Recovery, Agility, and Transformation

Adam Aron says that AMC continues to be in a state of recovery from the impact of the pandemic.

He says that the company is agile to achieve its goals under a transforming and robust industry.

The company has steered the ship in uncharted waters.

“Our ambition is grand” – Adam Aron.

90% of retail investors own AMC’s float

During AMC’s Q4 earnings call Adam Aron announced that 90% of retail investors now own the company’s float.

90% of the officially issued 516 million shares are owned by regular people: it’s incredible.

AMC’s shareholder base is now made of more than 4 million investors.

Approximately 615,000 individuals have also self-identified as AMC shareholders on Investor Connect.

Adam Aron paid homage to the ‘AMC apes’ by saying “retail owns the float”.

“The 4th quarter was a spectacular one for AMC, the strongest in two years.”

Adam aron, CEO & president of Amc entertainment

I’m personally going to touch more on this incredible statistic in a new article.

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AMC Q3 Earnings Call Highlights by Frank Nez [Results]

AMC Q3 Earnings Call Highlights
AMC Q3 Earnings Call Highlights

The AMC Q3 earnings call was amazing to say the absolute least.

One theme we’re going to see come up more than once is that of progress.

Adam Aron, CEO and President of AMC Entertainment had quite a lot of astonishing things to say for Q3 of 2021.

I’m going to break down the conference call highlights for you today.

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Welcome to Franknez.com – the blog that protects retail investors against FUD media. I’m excited to provide to you today’s AMC updates.

Let’s get started!

AMC Entertainment just had their Q3 earnings call conference today, November 8th, 2021.

A lot has happened since AMC’s Q2 earnings call and when you break it down you see just how exponential the growth has been.

Not just from Q2, but also from Q1.

The company has managed to eliminate a lot of debt while multiplying their attendees and earnings.

We’re also going to see how this century old move theater chain raises the bar for companies across America with its vision on new technology.

AMC Entertainment Third Quarter 2021 Results

AMC experienced a whopping $763.2 million in revenue for Q3 this year of 2021, compared to $119.5 million in 2020.

That’s almost a 7X growth from it’s previous year-to-date.

In this year’s Q3 results we also see that AMC reduced their net loss from $905.8 million in 2020 to $224.2 million this year.

The differences are drastic.

Right off the bat we can see this progression happening from the company when comparing it to the state it was in just last year alone.

When most businesses would have closed down, AMC kept persisting.

AMC Entertainment is up in revenue 81% from Q2 of 2021, and up an outstanding 488% from Q1 of 2021.

When comparing the growth from earlier this year, it’s exponential.

AMC has executed to say the absolute least.

According to Adam Aron and Sean David Goodman, these extremely positive trends continue on to the beginning of Q4 for AMC.

October just so happened to be AMC Entertainment’s biggest month for attendance and admission revenue.

“The upwards trend is clear and unmistakable”, says Adam Aron.

And although AMC is not out of debt quite just yet, the progression we’re seeing shows us the company has a clear vision on where they’re going.

9 Examples of Positive Development Inside AMC

9 examples of positive development within AMC
CEO & President, Adam Aron

AMC has had a number of accomplishments during this incredibly challenging year for what I believe many companies have faced.

Despite the adversity from heavy short sellers, AMC Entertainment has been able to produce positive development within the company.

  1. Concert movies and live sporting events
  2. Open caption showtime in movie theaters
  3. AMC Thrills and Chills exclusive horror movies
  4. Launched popular older films
  5. Charitable events and donations
  6. Accepting cryptocurrencies for gift card purchases
  7. Introduced AMC Investor Connect
  8. Opened the Grove & Americana theatres
  9. Unveiled 7 new stunning Nicole Kidman advertising campaigns

AMC’s concert movies and live sporting events have drawn a new crowd to AMC Entertainment movie theaters across the country.

From a Chance the Rapper film to UFC fights, AMC is nowhere short of providing its theatrical experiences to both music lovers and sports fans.

AMC Theatres has a long history with horror. John Carpenter’s legendary Halloween premiered at the Kansas City AMC Empire Theatre in 1978.

This is where the Thrills and Chills project originated from.

Charitable events AMC has taken on includes the Flight 93 memorial, donations to the wounded Warriors Project, and Dian Fossey’s Gorilla Fund.

The company has funded these charitable events and donations from their ticket revenue.

In various occasions, Adam Aron has also announced the acceptance of cryptocurrencies which is a massive project that will benefit both the company and investors holding these digital assets.

For the first time ever AMC Entertainment has gone to creating advertising campaigns!

AMC Theatres Nicole Kidman Advertising

AMC Theatre’s Strength Is Showing

Adam Aron has made it very clear that his movie theatre chain is continuously innovating and moving forward.

He warns naysayers to not make the mistake of looking at the rear-view mirror but to rather look at the front windshield towards where AMC is going.

In this AMC Q3 earnings call, Adam Aron provided a great key points to the company’s strategy moving forward.

  1. To transform AMC to do more than just premier movies
  2. Create kiosks in malls that sell AMC branded popcorn (new business model)
  3. Sell popcorn in convenience store
  4. Offer home-delivery popcorn services for movie lovers
  5. Explore the NFT world and combining that technology with new movie titles

Adam Aron also mentioned the likelihood of including movie theatre prizes and discounts inside popcorn, something like that of a ‘golden ticket’.

One thing you have to give credit to this CEO is for being heavily involved with his shareholders.

As a shareholder myself, I give my thanks to Adam Aron for looking out for the owners of the company.

The Path To Recovery

If there’s anything major we can take from the AMC Q3 conference call, it’s that the company’s financial results have gotten stronger.

We’re seeing massive progression here.

AMC Entertainment has been on the path to recovery, improvement, and innovation.

With more than 140 million global attendees this Q3, AMC shows no signs of slowing down nor catastrophic failure.

The company is on a sure path to recovery and continues to provide value to millions of people across the globe.

“Our spirits are upbeat”, says Adam.

And so are ours.

Are You An AMC Ape?

AMC Apes

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AMC Entertainment To Accept Bitcoin As Online Payment

AMC Entertainment Bitcoin News
AMC Earnings Call – Bitcoin + News

Not investing in Bitcoin yet? Bookmark this page to learn how you can start

Adam Aron, CEO and Chairman of AMC Entertainment announced during the Q2 earnings conference call that AMC theaters would be accepting Bitcoin as online payment for movie tickets by the end of 2021.

Adam said he had been doing deep research in blockchain technology to set up systems to make this happen. The CEO is well aware that its shareholders are big on crypto and wants to further provide value to the community.

In addition, AMC Entertainment will also begin to accept Apple Pay and Google Pay. The chains’ focus at the moment is on providing convenience on top of convenience.

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Welcome to Franknez.com – today I want to talk about what this incredible announcement will mean for AMC Entertainment, the stock, and shareholders alike.

Lets get started!

There is so much to talk about here. The Q2 earnings conference call went amazing. AMC shareholders should be just as excited as I am. Cheers to continuous growth.

Adam Aron Shuts Down Naysayers

During the Q2 earning’s call, Adam Aron confidently shut down naysayers doubting AMC’s capabilities and projected growth. The chain is doubling sales through rising attendance and an increased ticket and food sales.

“In short, AMC crushed it in Q2” – Adam Aron.

If you listened to both Q1 and Q2 conference call, then you know just how confident, mature, and innovative AMC projected itself to be this time around.

Rich Greenfield must be planning another way to strike back at the company, that is unless he’s been found with his foot in his mouth.

AMC and GameStop Partnership Teaser

AMC GameStop partnership
AMC GameStop Partnership

Adam Aron left shareholders in awe after teasing about a possible partnership with GameStop for an ultimate gaming experience in AMC theaters.

He did not say much but did confirm that they are currently discussing innovation to deliver the ultimate move and gaming experience to both their shareholders and guests.

If we’re talking company fundamentals, talks of partnerships and innovation should reflect in both AMC and GME stock in the days to come. I will keep an eye out for more information as more updates unfold.

Warner Bros. Provides Exclusive Window To AMC Entertainment

AMC Warner Bros
AMC Warner Bros News

Warner Brothers and AMC Entertainment just came to an agreement of a 45 day window on new releases. Warner Bros. will not be releasing new films to Disney or other streaming platforms with a 45 day period of its premier.

What a jab to forces claiming AMC Entertainment would lose to online streaming. Streaming services will now be denied access to release new titles as soon as they are released.

Congratulations to AMC Entertainment and CEO Adam Aron on this massive move. As an AMC shareholder it makes me real happy to see this company succeed.

AMC Entertainment Is Working On Bringing Sports To The Big Screen

The AMC UFC showings were a massive success. Showings sold out quick and AMC Entertainment now wants to bring more to the big screen!

“My bet is that we will see more partnerships like this in the near future as venues seek to diversify their offerings and leagues look for increasingly innovative ways to engage fans”, via. Front Office Sports.

AMC UFC Showing

Adam Aron announced during the Q2 earnings conference call that the company is working on sealing contracts with the sports industry to screen several type of sport events.

These news has sports fans enthusiastic about new experiences for moviegoers. It’s this type of innovation that will put AMC Entertainment in the eyes of traditional investors who aren’t part of the ape community.

In addition, the CEO is also looking to reserve the rights to showcase more musical events such as that of Chance The Rapper’s ‘Magnificent Coloring World’. Music lovers will get a chance to experience grand shows and performances from the big screen very soon.

‘HODL’, Did You Catch It?

If you didn’t catch this bit during the conference it’s okay. It was very subtle but nonetheless massive news for retail investors.

Adam Aron confirmed him and executives would be ‘holding’ the stock. This means executives cannot sell their shares as AMC’s stock price begins to climb, preventing momentum.

Executives are required to hold their shares under contract for a certain amount of years before they can sell and cash in. For the ape community this means we’re in the clear from the company’s side that is.

So although we don’t have control of what other institutions do as the stock begins to surge again, we know Adam Aron and his team upstairs will not be selling.

A Bright Future Ahead

AMC ended the June 30, 2021 quarter with more than $2 billion of liquidity. This is double the highest quarter ending liquidity level AMC Entertainment has ever had in its 101 year history.

The chain plans to reinvest into the company to enhance the guest experience while increasing it’s revenue through new partnerships in show business.

So, what does this mean for AMC shareholders? Nothing but great news. I expect the buzz will bring in traditional investors for the long haul. AMC stock is the number 1 stock in the market right now and the community only keeps getting stronger.

Share these news with an ape in the community.

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Read: AMC Stock August Predictions: Short Squeeze Update


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