AMC NYSE· AMC Entertainment Holdings Inc.
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AMC NYSE· AMC Entertainment Holdings Inc.
Earnings report Q4 2023

AMC Sees Strong Revenue Growth Across All Segments

Segments of Revenue

AMC's total revenues for the year ended December 31, 2023, were $4.81 billion, a significant increase from $3.91 billion in 2022 and $2.53 billion in 2021. The revenues were primarily driven by admissions, which accounted for $2.69 billion, up from $2.2 billion in 2022. Food and beverage sales also saw a significant increase, contributing $1.67 billion to the total revenue, up from $1.31 billion in the previous year. Other theatre revenues, including on-screen advertising, customer loyalty programs, and online ticketing fees, among others, amounted to $452.3 million, up from $396.3 million in 2022.


The company's strategic initiatives in major metropolitan markets and its presence in top retail centers across the U.S. have helped drive attendance and improve productivity. The company's diversification into the distribution business, with two theatrical releases in 2023, has also opened up a new source of revenue.


Despite the increase in revenue, AMC reported an operating loss of $74.3 million for the year ended December 31, 2023. The company's operating costs and expenses, including film exhibition costs, food and beverage costs, and rent, among others, totaled $4.89 billion, exceeding the total revenues.


AMC's U.S. markets average total revenues per theatre was approximately $6.6 million for the year ended December 31, 2023. According to data provided by Comscore, 9 of the 10 highest grossing theatres in the U.S. during the same period were AMC theatres.


AMC has seen strong revenue growth across all segments, driven by strategic initiatives and diversification into the distribution business. However, the company's operating costs and expenses continue to exceed revenues, resulting in an operating loss. Despite this, the company's presence in top retail centers and its high theatre-level productivity indicate potential for future growth.

Source documents

Form 10-K  filed on Feb 28, 2024
104 pages scanned

Reference data

Company financials Q4 revenue 1.10B
Analyst estimates Q4 EPS beat by 113.16%
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