AMC Entertainment Holdings Inc. reported its fourth-quarter earnings, revealing an adjusted EPS of $0.54, surpassing Wall Street's expectation of a $0.70 loss and improving from a previous EPS of -$0.65. The company also reported a GAAP revenue of $1.10 billion, exceeding the estimated $1.05 billion and marking a significant increase from the previous year's $900.9 million, up 6% YoY. This financial performance was largely attributed to the success of Taylor Swift and Beyoncé's concert films, which were cited as the primary drivers of AMC's revenue growth and a 4.7% increase in attendance. Despite the positive earnings report and revenue beat, AMC's stock experienced a decline, continuing its downward trend with a stock decrease of 91% over the last year. The company's performance comes amid a challenging environment, with an implied volatility of ~14% heading into the earnings announcement.
All of AMC's revenue growth came from Taylor Swift and Beyoncé films, theater chain says https://t.co/Z4xyXd9v9P
Taylor Swift's and Beyoncé's concert films topped box office charts and helped bring the masses back to the big screen — so much so that they drove the majority of AMC Theatres' revenue increase last fall, the company says. https://t.co/9Ey9CVCbDu
AMC said that virtually all of its increased revenue can be attributed to its distribution of concert films from Taylor Swift and Beyoncé https://t.co/UlBP7paYmI
No surprise here: Taylor Swift, Beyoncé concert films boost AMC quarterly earnings https://t.co/IZT8njL1OK
All of AMC's revenue growth came from Taylor Swift and Beyoncé films, theater chain says https://t.co/qTVYWG5Q1m
Taylor Swift, Beyoncé Drove "Literally All" of AMC' Revenue Increase https://t.co/pzmxlz7Sig
The Taylor Swift and Beyoncé concerts helped AMC theaters a whole lot https://t.co/O0fGW1NkjP https://t.co/9ZRLts20tg
AMC Theatre’s revenue increase “literally all” from Taylor Swift and Beyoncé concert films https://t.co/OIXyrMCcah
AMC Theaters Praises Taylor Swift And Beyonce For Bringing In "Literally All" Of Their Fourth Quarter Revenue Last Year https://t.co/0LhTwdgZwK https://t.co/mHjbl2nmtw
Taylor Swift and Beyoncé not only helped AMC Theatres weather a slow holiday movie season, they also propelled the movie chain to exceed expectations. More: https://t.co/tcHNAeCPNe https://t.co/vXUH0ua3sC
AMC Theatres execs are singing Taylor Swift and Beyoncé's praises from the rooftops. https://t.co/NfT8fgLE4k
According to multiple reports, AMC Theatres' fourth-quarter revenue of $1.10 billion was up from $900.9 million compared to 2022, with a 4.7% attendance boost, thanks to Taylor Swift and Beyoncé's respective concert documentaries driving everyone to go to the movies. 🔗:… https://t.co/30CgrnUlOh
AMC rode the Taylor Swift and Beyoncé wave, but a ‘bumpy 2024’ is now under way, @Wedbush says #AMC $AMC https://t.co/sQbCpRLA83
Taylor Swift, Beyoncé Concert Films Drove ‘Literally All’ of AMC’s Quarterly Revenue Increase https://t.co/1ePrJPkyF6
AMC Theaters CEO says “literally all” of the increase in revenue in the fourth quarter of last year was driven by Taylor Swift and Beyoncé. https://t.co/bFTfexOm11
Taylor Swift, Beyonce Concert Movies Generated 'Literally All' of AMC's Revenue | Click to read more 👇 https://t.co/YGFoosnusQ
AMC delivers revenue beat helped by Taylor Swift and Beyoncé, yet stock drops - my story for @MarketWatch #AMC $AMC https://t.co/6CVjqnqcLG
AMC delivers revenue beat helped by Taylor Swift and Beyoncé, yet stock drops https://t.co/VrjaYEXQsA
Taylor Swift and Beyoncé Generated ‘Literally All’ of AMC’s Q4 Revenue Growth https://t.co/YozFSjN92I https://t.co/D6TUZBj7Ls
AMC delivers revenue beat helped by Taylor Swift and Beyoncé, but stock still falls https://t.co/aivzanDUcp
Taylor Swift, Beyoncé Concert Films Standouts For AMC Entertainment Last Quarter, But CEO Says Strike "Clearly Interrupted" Box Office Momentum https://t.co/ImegFoTnEo
Taylor Swift, Beyoncé Drove "Literally All" of AMC Theatres' Quarterly Revenue Increase https://t.co/hx349aCEpY
$AMC | AMC Q4 Earnings: - Adj EPS/Loss $0.54 (Est/Loss $0.70) 🟢 - GAAP Revenue $1.10B (Est. $1.05B) 🟢 https://t.co/yl3E7j4ijS
$AMC earnings: https://t.co/tl4ou3Ogg9
AMC Q4 2023 Earnings Call And Chart Analysis LIVE | $AMC https://t.co/1NnBxkyIDw
AMC Entertainment $AMC reports earnings today after the markets close, Wall ST is expecting numbers of EPS of -$0.65 up from -$1.24 in Q4 2022 Revenue of $1.05B up 6% YoY
$AMC is the most volatile stock heading into earnings tonight, here's what you need to know: The implied volatility is ~14% The market is expecting an EPS of ($0.70) The stock is down 91% over the last year https://t.co/GUF0cv15X1
AMC shares set to continue winning streak as Q4 results loom #AMC $AMC https://t.co/qcCtgdxXkF
$AMC | AMC Q4 Earnings Preview: Can Taylor Swift Success Offset 'Black Panther,' 'Avatar' And Analyst Concerns? AMC will report fourth quarter financial results Wednesday. The quarter is highlighted by the record breaking Taylor Swift concert film, but faces a tough comparable… https://t.co/n8N0ETUq0v