AMC sees recovery in theater attendance post-April 1; CEO emphasizes cash flow positivity

After a troubling Q1 revenue drop to $862.5 million, AMC reports demand resurgence with April box office doubling during the same time last year, indicating a potential turnaround.

Sources:
Yahoo FinanceFinance
Updated 5h ago
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The Headline

AMC's Struggles with Revenue and Attendance Amid Industry Challenges

First-quarter revenue in millions
$862.5 million
Yahoo Finance
Attendance figures in millions
42 million
Yahoo Finance
Attendance decline percentage
10%
Yahoo Finance
Domestic Admissions Revenue decline percentage
10.9%
Finance
Revenue per Patron in Q1
$12.31
Finance
Increase in Food and Beverage Revenue per Patron
49%
Finance
Key Facts
  • Attendance in theaters fell 10% to 42 million, aligning with the wider performance of the industry during the quarter.Yahoo Finance
  • Domestic Admissions Revenue showed a decline of 10.9%, slightly outperforming the North American box office with a decline of 12.4%.Finance
  • AMC reported achieving an all-time Q1 record of $12.31 per patron.Finance
  • Food and Beverage Revenue per Patron saw a 49% increase compared to pre-pandemic 2019 levels.Finance
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Future Outlook

Positive Cash Flow Anticipated in 2025 Amid Ongoing Challenges

AMC expects to be free cash flow positive for the nine months ending December 31, 2025, due to a strong performance anticipated in the second, third, and fourth quarters of 2025.
Adam Aron
CEO of AMC
Finance
Cash and Cash Equivalents in millions
$378.7 million
Finance
Key Facts
  • AMC's cash and cash equivalents decreased to $378.7 million, raising concerns regarding liquidity but setting the stage for future positive cash flow.Finance
Background Context

Challenges in the First Quarter Amid Industry Declines

First-quarter revenue decline percentage
9.3%
Yahoo Finance
Key Facts
  • AMC Entertainment reported a 9.3% fall in first-quarter revenue to $862.5 million compared to $951.4 million a year ago due to fewer blockbuster releases.Yahoo Finance
  • AMC CEO Adam Aron indicated that the January to March industry box office in 2025 was the lowest it has been since 1996, excluding Covid impacts.Yahoo Finance
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