AMC ENTERTAINMENT Reports Second Quarter Earnings for Fiscal Year 2023
August 21, 2023
☀️Earnings Overview
On June 30, 2023, AMC ($NYSE:AMC) Entertainment reported its earnings results for the second quarter of fiscal year 2023. Total revenue for the quarter was USD 1347.9 million, a growth of 15.6% compared to the same period in the previous year. Net income for the period surged 107.1% year over year to USD 8.6 million.
Price History
The stock opened at $5.5 and closed at $5.1, down by 0.6% from its last closing price of 5.1. The company’s management highlighted the fact that they have implemented several cost-cutting measures that have helped reduce the company’s operating costs. This is expected to lead to better profitability in the upcoming quarters.
All in all, it seems that AMC ENTERTAINMENT has taken steps to improve its financial standing and increase its profitability in the short-term. Investors should keep an eye on this company as it releases more details about its performance in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Amc Entertainment. More…
| Total Revenues | Net Income | Net Margin |
| 4.26k | -741.5 | -15.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Amc Entertainment. More…
| Operations | Investing | Financing |
| -460.2 | -178.5 | 107.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Amc Entertainment. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.67k | 11.25k | -1.71 |
Key Ratios Snapshot
Some of the financial key ratios for Amc Entertainment are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.6% | -4.0% | -7.9% |
| FCF Margin | ROE | ROA |
| -16.0% | 8.2% | -2.4% |
Analysis
At GoodWhale, we have conducted an analysis of AMC Entertainment‘s wellbeing to provide our users with an informed investment decision. After running an extensive evaluation, we have determined that AMC is a medium risk investment in terms of both financial and business aspects. Our analysis has detected two risk warnings in the income sheet and balance sheet. These warnings are important to note when considering an investment in AMC. We recommend all investors to register on goodwhale.com for a detailed breakdown of the risks and potential returns associated with an investment in AMC Entertainment. At GoodWhale, we strive to provide our users with accurate and timely information to help them make the best possible decisions when it comes to their investments. We believe that everyone should have access to trustworthy information that can help protect their finances and investments. More…
Peers
AMC Entertainment Holdings Inc is one of the world’s largest movie theater chains. It has several competitors, including Shine Trend International Multimedia Tec, Bonhill Group PLC, and DEAG Deutsche Entertainment AG.
– Shine Trend International Multimedia Tec ($TPEX:6856)
Shine Trend International Multimedia Tec is a global technology company that provides innovative solutions for the communications, media, and entertainment industries. The company has a market cap of 1.93B as of 2022 and a return on equity of 18.8%. Shine Trend International Multimedia Tec is a leading provider of innovative communications and media solutions that enable its customers to connect, interact, and collaborate. The company’s products and services include: broadband and IPTV solutions, cloud-based solutions, content management and delivery solutions, and enterprise communications solutions. Shine Trend International Multimedia Tec is headquartered in Shenzhen, China.
– Bonhill Group PLC ($LSE:BONH)
Bonhill Group PLC is a United Kingdom-based company, which provides business-to-business media and events services. The company operates through four segments: Vitesse Media, Information Media, Investment Media and Events. Vitesse Media segment comprises of online and print publications, which provide news and information for small and medium-sized enterprises (SMEs) in the United Kingdom. Information Media segment provides market intelligence, news and analysis on the technology, media and telecom sectors. Investment Media segment focuses on the private equity and venture capital markets. Events segment consists of conferences, exhibitions and awards.
Summary
AMC Entertainment reported their second quarter financial results for fiscal year 2023, showing a 15.6% increase in revenue to USD 1347.9 million and a 107.1% increase in net income to USD 8.6 million, compared to the same quarter a year ago. This impressive growth indicates that AMC Entertainment may be a profitable investment for those looking for strong returns. With the leading market share and top box office performance, AMC looks to be in a solid position to continue its strong performance in the future. Investors should continue to keep a close eye on AMC as they look to capitalize on this opportunity.
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