
AMC Entertainment Holdings, Inc. reported its third quarter 2024 results, revealing total revenues of $1.35 billion, a decline from the previous year. The company posted a net loss of $20.7 million, contrasting with a net profit of $12.3 million in Q3 2023. Adjusted EBITDA was $161.8 million, down from $199.9 million year-over-year. The revenue drop was attributed to fewer major film releases. In a related report, AMC Networks announced a 5.9% decrease in revenue to $599.6 million, with net income falling 35% to $41 million. The company also reported a 10% decline in U.S. ad sales, although streaming subscribers increased by 200,000 to reach 11.8 million.
AMC Networks report Q3 revenue down 5.9% YoY to $599.6M, operating income down 22% YoY to $93.7M, 11.8M streaming subscribers, $316M in subscription revenue (@kaylcobb / The Wrap) https://t.co/ohQnFVlXZv https://t.co/rUMKd3Ybfe
AMC Networks’ Profit Drops 35% Due to Challenging Ad Market and Decrease in Affiliate Business https://t.co/zSm2QXfTMM
AMC Networks Q3 2024 Earnings Analysis $AMCX Key Financial Metrics: • Revenue: $600M, down 6% YoY; Adjusted Revenue excluding divestitures down 3%. • Net Income: $41M, down 35% YoY. • Diluted EPS: $0.76, down 47% YoY; Adjusted EPS of $0.91, down 51% YoY. • Operating…

