AMC Theatres Lost $202 Million in First Quarter Amid Box Office Slump
AMC Entertainment took an expected big financial hit in the first quarter of 2025 with revenue and net losses worsening compared to the start of 2024 as domestic grosses at the box office sank to $1.41 billion.
Net losses for the quarter came in at $202 million, down from the $163 million loss reported in the first quarter of 2024. Revenue fell nearly 10% year-over-year to $862 million from $951 million the year prior.
Beating estimates: Despite the poor numbers, Wall Street had expected them to be worse. Zacks Investment Research had predicted quarterly revenue of $838 million, with a loss per share attributable to shareholders of 61 cents per share. Adjusted diluted loss per share came in slightly above that at 58 cents per share.
Attendance: With films like “Snow White” significantly underperforming, attendance at AMC Theatres dropped 10% year over year to 41.9 million tickets sold compared to 46.6 million the year prior.
Higher per patron spending: AMC heavily touted an increase in the contribution margin per patron,...
Net losses for the quarter came in at $202 million, down from the $163 million loss reported in the first quarter of 2024. Revenue fell nearly 10% year-over-year to $862 million from $951 million the year prior.
Beating estimates: Despite the poor numbers, Wall Street had expected them to be worse. Zacks Investment Research had predicted quarterly revenue of $838 million, with a loss per share attributable to shareholders of 61 cents per share. Adjusted diluted loss per share came in slightly above that at 58 cents per share.
Attendance: With films like “Snow White” significantly underperforming, attendance at AMC Theatres dropped 10% year over year to 41.9 million tickets sold compared to 46.6 million the year prior.
Higher per patron spending: AMC heavily touted an increase in the contribution margin per patron,...
- 5/7/2025
- by Jeremy Fuster
- The Wrap
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