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AMC Entertainment Holdings Second Quarter 2024 Earnings: In Line With Expectations

AMC Entertainment Holdings (NYSE:AMC) Second Quarter 2024 Results

Key Financial Results

  • Revenue: US$1.03b (down 24% from 2Q 2023).

  • Net loss: US$32.8m (down by 481% from US$8.60m profit in 2Q 2023).

  • US$0.10 loss per share (down from US$0.057 profit in 2Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

AMC Entertainment Holdings Earnings Insights

Looking ahead, revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Entertainment industry in the US.

Performance of the American Entertainment industry.

The company's shares are down 4.6% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with AMC Entertainment Holdings (at least 3 which are concerning), and understanding them should be part of your investment process.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com