AMC Reports Preliminary Q4 2021 Results
Feb 1, 2022 By MarketDepth
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.