Friday, May 30, 2025

Latest

AMC Entertainment Reports Q1 2022 Financials: US$785.7 Million In Revenue, US$337.4 Million Net Loss

AMC Entertainment Holdings, Inc. (NYSE: AMC) reported on Monday its preliminary results for Q1 2022, earning US$785.7 million in revenue. This is a decrease from Q4 2021’s US$1.17 billion but an increase from Q1 2021’s revenue of US$148.3 million.

“Our results for the first quarter of 2022 represent AMC’s strongest first quarter in two full years. We continue on our pandemic recovery trajectory, more than quintupling revenues and improving adjusted EBITDA by nearly eighty percent compared to a year ago,” said CEO Adam Aron.

But with operating expenses larger than the revenue, the firm ended the quarter with an operating loss of US$166.9 million, compared to last quarter’s US$60.4 million loss and last year’s loss of US$427.8 million.

This further led the company to end with a US$337.4 million net loss compared to last quarter’s US$134.4 million net loss and last year’s US$567.2 million net loss. This translates to US$0.65 loss per share.

Calibrating for financial items, adjusted EBITDA came in at a loss of US$61.7 million, up from a loss of US$294.7 million last year.

In Q1 2022, the firm used operating cash flow of US$295.0 million, leading to a total operating cash burn of US$223.9 million. Free cash flow also ended with an outflow of US$329.8 million.

The company also ended the quarter with a cash balance of US$1.16 billion, excluding restricted cash of US$23.7 million.

AMC Entertainment last traded at US$12.52 on the NYSE.


Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Analyzing AMC, Bitcoin, & Gold With Gareth Soloway – The Daily Dive

Today on the Daily Dive, we sit down with frequent guest Gareth Soloway of InTheMoneyStocks.com....

Wednesday, August 4, 2021, 01:30:00 PM

AMC Shareholders Vote To Convert APE Units, Approve Reverse Stock Split

AMC Entertainment (NYSE: AMC) fell over 15% yesterday following a decision by shareholders to approve...

Wednesday, March 15, 2023, 08:25:43 AM

AMC Entertainment: The APE Share, Explained.

Last week, AMC Entertainment (NYSE: AMC) revealed that it would be conducting a special dividend...

Saturday, August 13, 2022, 09:00:00 AM

AMC Crushed In Pre-Market Trading Following Proposal To Convert APE Units, Implement Reverse Stock Split

AMC Entertainment (NYSE: AMC, APE) is currently falling dramatically in pre-market trading following the firm...

Thursday, December 22, 2022, 09:16:07 AM

AMC CEO Pushes for Equity Capital Raise Following Judge Ruling on APE

In an open letter addressed to shareholders, Adam Aron, CEO of AMC Entertainment (NYSE: AMC),...

Monday, July 24, 2023, 08:29:52 AM