AMC Entertainment Stock Pops After Q2 Performance - Here's What Drove The Results
Portfolio Pulse from Anusuya Lahiri
AMC Entertainment Holdings reported Q2 FY23 revenue growth of 15.6% YoY to $1.35 billion, beating the consensus of $1.29 billion. Overall attendance improved by 12.2% YoY, with U.S. markets attendance increasing by 15% and international markets attendance growing by 4.6%. The company's adjusted EPS of $(0.00) beat the consensus loss of $(0.04), and adjusted EBITDA improved by $75.8 million to $182.5 million. AMC shares traded higher by 3.52% at $5.30 premarket on the last check Tuesday.
August 08, 2023 | 12:42 pm
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POSITIVE IMPACT
AMC Entertainment's Q2 FY23 results beat expectations, with revenue growth of 15.6% YoY and improved attendance. The company's adjusted EPS and EBITDA also exceeded consensus. AMC shares traded higher by 3.52% premarket.
AMC Entertainment's better-than-expected Q2 FY23 results, including revenue growth, improved attendance, and better-than-expected EPS and EBITDA, are likely to have a positive impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100