AMC Q4 Earnings: Revenue Beat, EPS In Line, Attendance Up 20%, Shares Climb

AMC Entertainment Holdings, Inc. (NYSE: AMC) reported its fourth-quarter and full-year 2024 earnings on February 25, 2025, with the company's stock climbing following the release. AMC's revenue growth trajectory in Q4 2024 was significantly higher compared to the previous year, with total revenues of $1,306.4 million, an 18.3% increase from the $1,104.4 million reported in Q4 2023. This strong performance can be attributed to several factors, including the post-pandemic recovery, increased ticket prices and food and beverage sales, and a strong box office performance driven by tentpoles like Wicked, Gladiator II, and Moana 2.

AMC's 20% increase in attendance during Q4 2024, compared to the same period in 2023, is a significant milestone in the company's post-pandemic recovery and aligns with its long-term growth strategy. This trend indicates growing consumer interest, the success of the company's expansion efforts, and improved financial performance. The company reported a total fourth-quarter attendance of approximately 62.42 million, marking a post-pandemic fourth quarter record and a healthy 20% increase compared to 2023. Complementing this attendance milestone, moviegoers enthusiastically embraced the variety and quality of AMC's food and beverage offerings, driving food and beverage revenue per patron to an all-time fourth quarter record of $7.15.

AMC's balance sheet has strengthened in 2024, with the company taking several decisive actions to lower its debt levels and bolster cash reserves. Over the course of the year, AMC reduced its debt obligations by more than $375 million and ended the year with more than $630 million of available cash. These actions, combined with AMC's strong fourth quarter and full-year 2024 results, demonstrate the company's commitment to strengthening its balance sheet and positioning itself for future growth.



AMC CEO Adam Aron stated, "Naturally, we are pleased by our impressive finish to the year. We also take comfort as a result of the decisive actions we took during 2024 to strengthen our balance sheet, lower our debt levels, bolster our cash reserves and continue to position AMC to thrive as the box office grows." AMC's strong performance in Q4 2024, coupled with its strategic initiatives to improve the movie-going experience and expand its premium large format, extra-large format, and special purpose screens, positions the company well for future growth and success in the movie exhibition industry.



In conclusion, AMC's Q4 2024 earnings report demonstrates the company's strong performance and commitment to growth, with revenue beating estimates, EPS in line with expectations, and attendance up 20%. The company's shares climbed following the earnings release, reflecting investor confidence in AMC's ability to thrive in the growing box office environment. AMC's strategic initiatives to strengthen its balance sheet, lower debt levels, and bolster cash reserves, combined with its focus on improving the movie-going experience, position the company well for future success in the movie exhibition industry.