Good News For Cinemark, AMC Stock? New Report Predicts 2026 Cinema Revenue Passing Pre-COVID-19 Levels — But There's A Catch
Portfolio Pulse from Chris Katje
A new PwC report predicts that global cinema revenue will surpass pre-COVID-19 levels by 2026, a year later than previously forecasted. While this is positive news for movie theaters like AMC and Cinemark, the report highlights that streaming services, particularly those with ad-supported plans like Netflix, are expected to see significant growth in subscriptions and advertising revenue.
July 16, 2024 | 11:15 pm
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POSITIVE IMPACT
Netflix is expected to benefit significantly from the growth in streaming subscriptions and advertising revenue. The PwC report highlights that ad-supported plans and the increasing number of streaming choices will drive subscriber growth.
The report's positive outlook on streaming services, particularly those with ad-supported plans, suggests a likely short-term positive impact on Netflix's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
AMC Entertainment Holdings is expected to see box office revenue return to pre-pandemic levels by 2026, a year later than previously forecasted. However, challenges such as changing consumer habits and the rise of streaming services may impact attendance.
The delay in reaching pre-pandemic revenue levels and the ongoing challenges from streaming services and changing consumer habits suggest a neutral short-term impact on AMC's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Cinemark Holdings is projected to see box office revenue return to pre-pandemic levels by 2026, a year later than previously expected. The company faces similar challenges as AMC, including the rise of streaming services and changing consumer preferences.
The delay in reaching pre-pandemic revenue levels and the competition from streaming services suggest a neutral short-term impact on Cinemark's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100