Company Summary

Company Name: AMC Entertainment Holdings, Inc.

Industry: Movie theater and entertainment industry

Business Description

AMC Entertainment is a leading operator of movie theaters, providing cinematic entertainment across various formats including premium large-format, extra-large, and Laser projection formats. The company focuses on maximizing guest experience through theatre renovations, new technology upgrades, and expanded premium offerings.

Key Operations and Accomplishments in 2024

• Entered 2024 with optimism for industry recovery post-pandemic, which was hampered by ongoing industry strikes affecting the release schedule.
• Achieved Adjusted EBITDA of $343.9 million.
• Refinished approximately 61% of its installed laser projectors (2,125 out of 3,500).
• Reduced principal debt by $375.9 million.
• Raised $261.8 million from equity sales to bolster its balance sheet.
• Maintained cash reserves of $632.3 million as of December 31, 2024.
• Delivered record revenue per patron in admissions, food, and beverage, with total revenue per patron approximately 35% higher than pre-pandemic 2019 levels, driven mainly by a 50% increase in food and beverage revenue per patron.
• Enrolled about 35 million member households managed through the AMC Stubs loyalty program, including A-List, Premiere, and Insider tiers.
• Announced a multi-year expansion and renovation plan called the "AMC’s Go Plan" to upgrade theatres and seating, and increase presence in premium large format screens.

Customer Base & Employees

• The company operates theaters servicing millions of moviegoers, with total revenue and attendance figures indicative of a large-scale enterprise, though specific total customer numbers are not provided.
• The workforce includes theater-level staff, with approximately 33,382 employees across 10 countries as of year-end 2024.

Revenue and Income

• Total Revenue (2024): Not explicitly given, but per patron revenue metrics were highlighted.
• Income: The company reported a net loss of -$352.6 million for 2024.
• Other Financial Highlights:
  • Adjusted EBITDA of $343.9 million.
  • Significant debt reductions and refinancing, including extending debt maturities to 2029 and 2030.
  • Capital expenditures totaled $245.5 million, mostly for upgrades and renovations.

Strategic Focus

• Navigating industry challenges due to strikes and shifting consumer behaviors.
• Enhancing customer experience through technological upgrades, new amenities, and expanded premium offerings.
• Maintaining a strong liquidity position and reducing debt to strengthen financial stability.
• Closely managing costs and operational efficiencies amid industry headwinds.

Note: Specific details such as total number of customers, exact revenue, and total income are embedded within operational highlights and strategic achievements rather than explicit standalone figures.