AMC Entertainment Holdings, Inc. (AMC) stock gained in the pre-market after the company announced its preliminary results for the fourth quarter of 2021. AMC values at around $17.92 in the pre-market, gaining more than 11.58% from the previously closed value. At the end of the last trading session, the stock closed at $16.06. The stock volume traded in the previous trading session was around 48.45 million shares.
AMC Entertainment Holdings, Inc. (AMC) fourth-quarter preliminary results
- AMC expects revenue of $1.171 billion in the fourth quarter of 2021. The revenue in the last year’s fourth quarter was around $162.5 million.
- AMC expects a net loss of between $194.8-114.8 million. Last year’s net loss in the fourth quarter was around $946.1 million.
- The company expects adjusted EBITDA between $146.8-151.8 million in the fourth quarter of 2021. In 2020’s fourth quarter, the adjusted EBITDA loss was $(327.5) million.
- The company expects operating cash of $216.5 million in the fourth quarter of 2021.
- At the end of the fourth quarter of fiscal 2021, the company had around $1.5925 billion in cash and cash equivalents. The company has $1.8016 billion worth of liquidity left.
According to the AMC, they closed the year with their best quarter in more than two years. With outstanding EBITDA of more than $145 million, better-than-expected Operating Cash Created of more than $215 million, and a record year-ending cash position of $1.8 billion, the fourth quarter of 2021 represents a significant milestone.
The effect on the AMC stock
AMC Entertainment Holdings reposts outstanding performance in the fourth quarter of 2021. Investors respond positively to the news and take immense interest in its stock. The price may increase in regular trading as most traders prefer to trade during the regular trading hours.
Conclusion
AMC Entertainment Holdings, Inc. has provided some crucial data regarding its performance and has recovered a lot since the pandemic in 2020. Last year was terrible for the business. But the last quarter of 2021 represents that the company is bouncing back and will be profitable soon.
