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AMC Entertainment Holdings Inc. shares rose in extended trading Tuesday, after the movie-theater chain and original meme stock reported better-than-expected fourth-quarter revenue, lifted by an improving box office.
The largest theater chain in the U.S. and the world, AMC Entertainment saw revenue and earnings for the last three quarters of 2024 blow past estimates with revenue up 18+% to $1.3 billion. Adjusted earnings before interest, taxes, depreciation and amortization (ebidta), a key metric for Wall Street, jumped to $164.8 million from $49.
AMC Entertainment Holdings (NYSE:AMC) is facing tough revenue comparisons for the fourth quarter of 2024 after distributing the Taylor Swift and Beyonce concert films in Q4 2023. Analysts at Wedbush expect AMC to report Q4 revenue of $1.274 billion, up 15% year-over-year but below the Wall Street consensus of $1.298 billion.
The AMC stock price has remained under pressure this year, continuing a trend that started in May last year when it peaked at $11.88. It has retreated by 6% this year, lagging behind the S&P 500 and Nasdaq 100 indices that have moved to their all-time highs this year.
AMC Entertainment (AMC) closed at $3.43 in the latest trading session, marking a -1.72% move from the prior day.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for AMC Entertainment (AMC), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.
Ever since the COVID-19 days of the meme stock saga, a couple of companies have fallen into a cycle that has been repeating since then. Investors get excited about a potential chance to multiply their wealth, only to find that what they have invested in doesn't actually justify the value they paid, much less a higher one that will bring them any profits.
Recently, Zacks.com users have been paying close attention to AMC Entertainment (AMC). This makes it worthwhile to examine what the stock has in store.
Movie theaters have embraced commemorative popcorn buckets, using these specialty items to drive concession purchases, create a sense of urgency to see big movies on opening weekend and add value to the theatrical experience. Cinemas started adopting specialty popcorn buckets in 2019, but the "Dune: Part Two" popcorn bucket fueled a new age.
LEAWOOD, Kan.--(BUSINESS WIRE)--AMC Entertainment Holdings, Inc. (NYSE: AMC), the largest theatrical exhibitor in the United States and in the world, today announced that following a 23-year career at AMC as Senior Vice President, General Counsel & Secretary, Kevin Connor will retire from the Company, effective March 13, 2025. AMC has appointed Edwin (Eddie) Gladbach, currently Vice President, Legal, as Vice President, Interim General Counsel and Secretary. The Company will decide on the se.