AMC Q1 Earnings Summary & My Chat with a Fixed Income Portfolio Manager about AMC Debt Restructuring. AMC Entertainment Holdings, Inc. (NYSE: AMC) (“AMC” or “the Company”), reported on May 8, 2024 results for the first quarter ended March 31, 2024. First Quarter 2024 Summary Results: • Total revenues were $951.4 million compared to $954.4 million for Q1 2023. • Net loss improved to $(163.5) million compared to a net loss of $(235.5) million for Q1 2023. • Net loss per diluted share was $(0.62) compared to $(1.71) for Q1 20231. • Adjusted EBITDA was $(31.6) million compared to $7.1 million for Q1 2023. Included in the prior year’s quarterly results ended March 31, 2023 was a previously disclosed $16.7 million benefit to Adjusted EBITDA related to an early termination of a theatre lease. • Net cash used in operating activities was $(188.3) million compared to $(189.9) for Q1 2023. • Cash and cash equivalents at March 31, 2024 was $624.2 million.
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