Amc Entmt Hldgs Inc Stock Price, News & Analysis

AMC Theatres reported its third-highest attended weekend since reopening in the summer of 2020, driven by the success of THE BATMAN. Over 4 million tickets were sold globally, outpacing attendance from the same weekend in 2019 and 2020. AMC achieved a market share exceeding 29% in the U.S. box office for THE BATMAN, with all top three theatres leading in performance. The company enhanced guest experience through exclusive screenings, NFTs, and popcorn sales, marking their third-highest weekend in this category. AMC’s strategic expansion of premium screens supports continued growth.

National CineMedia (NASDAQ: NCMI) reported significant recovery in Q4 2021, with total revenue soaring 304.5% to $63.5 million compared to $15.7 million in Q4 2020. The company achieved positive Adjusted OIBDA of $18.4 million, marking its first positive result since Q1 2020. Despite a total revenue increase of 26.8% for the year, operating loss grew to $68.6 million. NCMI announced a quarterly cash dividend of $0.05 per share, payable March 31, 2022. Looking ahead, NCMI expects Q1 2022 revenues between $32.0 million to $35.0 million, with Adjusted OIBDA ranging from negative $7.0 million to negative $4.0 million.

AMC Entertainment Holdings, Inc. (NYSE: AMC) reported its fourth quarter and 2021 annual results, which were made available on its Investor Relations website. The company is set to host a live investor webcast on March 1, 2022, at 4:00 p.m. CST. AMC is recognized as the largest movie exhibition company globally, operating around 950 theatres and 10,500 screens. It has implemented various innovations such as power-recliner seats and diverse food options to enhance customer engagement and satisfaction.

AMC Theatres has announced a significant executive restructuring, promoting Dan Ellis to Executive Vice President, Chief Operations & Development Officer, and hiring Eliot Hamlisch as Executive Vice President, Chief Marketing Officer. Ellis succeeds John McDonald, who retires after 47 years, while Hamlisch brings extensive experience from Wyndham Hotels. Sean Goodman will now oversee AMC's international theatres. The retirements are voluntary and aim for a smooth transition as AMC looks forward to a promising post-COVID recovery in the theatrical business.

National CineMedia (NASDAQ: NCMI) will participate in the J.P. Morgan Global High Yield & Leveraged Finance Conference on March 1, 2022, at the Loews Miami Beach Hotel, Florida. CEO Tom Lesinski and CFO Ronnie Ng will present at 5:00 PM EST and hold one-on-one investor meetings. NCMI owns 48.3% of National CineMedia, LLC, the largest cinema advertising network in the U.S., reaching over 20,700 screens across 1,600 theaters. For more details, visit www.ncm.com.

AMC Entertainment Holdings, Inc. (NYSE:AMC), the largest theatrical exhibition company globally, will announce its fourth quarter and full year results for 2021 on March 1, 2022, after the market closes. The earnings webcast will occur at 4:00 p.m. CST and will be accessible via AMC's Investor Relations website. Investors can submit questions during the webcast by joining AMC Investor Connect. The company operates approximately 950 theatres and 10,500 screens worldwide, enhancing guest experiences through various innovations.

National CineMedia (NCMI) plans to announce its fiscal Q4 and full year 2021 earnings on March 3, 2022, after market close. The conference call will start at 5:00 p.m. Eastern Time, accessible via phone and webcast. NCM, owning 48.3% of National CineMedia, LLC, is the largest cinema advertising network in the U.S., connecting brands with diverse audiences through films. The company's digital campaigns extend beyond theaters, engaging viewers online and on mobile platforms.

AMC Theatres has announced the acquisition and reopening of the AMC Evanston 12 cinema, previously operated by Cinemark, in the Chicago area later this year. This addition strengthens AMC's presence in key markets, joining existing locations in Los Angeles, San Diego, Washington D.C., and Chicago. AMC's CEO, Adam Aron, emphasized the importance of this strategic acquisition, noting that recent acquisitions have seen strong performance. The theatre will offer popular amenities, including AMC Stubs loyalty programs.

AMC Entertainment Holdings, Inc. (NYSE: AMC) has successfully completed a private offering of $950 million in senior secured notes due 2029. The proceeds will be used to redeem higher-interest debt including $500 million in first lien notes due 2025 and $300 million in notes due 2026. CEO Adam Aron stated this marks a significant step in lowering interest expenses and extending debt maturities. The firm aims to enhance financial flexibility as part of its recovery from the pandemic, indicating a focus on improving its balance sheet and operational agility.