AMC Reports Preliminary Q4 2021 Results

Feb 1, 2022 By MarketDepth

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AMC Entertainment Holdings, Inc. (NYSE: AMC) released its preliminary results for the fourth quarter of 2021.

Shares Up Premarket

Shares of AMC Entertainment Holdings, Inc. (NYSE: AMC) gained over 5% during the premarket trading session.

Over $1B in Revenue

AMC reported approximately $1,171.6 million in revenue during the 4th quarter, while net losses for the period are expected to be between $194.8 million and $114.8 million. Furthermore, the company expects its EBITDA to be between $146.8 million and $151.8 million.

“AMC’s 2021 results improved significantly as the year progressed, and we finished the year with the strongest quarter in two years. The fourth quarter of 2021 marks a meaningful milestone with positive EBITDA of more than $145 million, positive Operating Cash Generated of more than $215 million, and a record year-ending liquidity position of $1.8 billion.”

Adam Aron, Chairman and CEO of AMC Entertainment

However, the company stresses that the preliminary results “do not represent a comprehensive statement of our financial results for the three months ended December 31, 2021,” and will announce its full, audited financial results in the short term.