AMC Entertainment, Inc posted Q4 EPS ($0.11 per share), $0.15 better than the analyst estimate of ($0.26), according to a press release by AMC Entertainment on Monday.
- The total revenues for the fourth quarter expanded to $1,171.7 million compared to $162.5 million for the fourth quarter of 2020.
- Net loss for Q4 improved to $134.4 million, including a non-cash impairment charge related to long-lived assets of $77.2 million, compared to a net loss of $946.1 million for the quarter a year ago.
- Adam Aron, Chairman, and CEO of AMC Entertainment, stated that AMC’s Q4 results signal the strongest quarter in two full years, with the positive Adjusted EBITDA of nearly $160 million.
- Aron further acknowledged SPIDERMAN: NO WAY HOME, the third-highest grossing movie of all time that drove visitors to the theatres around the world during Q4.
The company’s Q4 adjusted EBITDA improved by $486.7 million to $159.2 million compared to an adjusted EBITDA loss of $327.5 million for Q4 of 2020. AMC down -0.44%, Pre-market trading