AMC Entertainment Holdings, Inc. Reports Fourth Quarter and Year-End 2020 Results
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AMC Entertainment (AMC) Reports In-Line Q4 EPS, Revenue Beats
March 10, 2021 4:20 PM ESTAMC Entertainment (NYSE: AMC) reported Q4 EPS of ($3.15), in-line with the analyst estimate of ($3.15). Revenue for the quarter fell 88.8% to $162.5 million but beat the consensus estimate of $142.35 million. Cash at December 31, 2020 was $308.3 million excluding restricted cash of $13.1 million. U.S. attendance was down 92.3% in the quarter.
As of December 31, 2020, AMC was operating at 394 domestic theatres with limited seating capacities of between 20% and 40%, representing approximately 67% of domestic theatres and 61% percent of 2019 domestic same-theatre revenue.
As of March 5, 2021, AMC was operating approximately 527 of its 589 domestic locations, and approximately 78 of its 356 international... More
