Latest news with #AdamAron
Yahoo
13-06-2025
- Business
- Yahoo
Should You Buy AMC Stock Before August?
AMC was one of the original meme stocks. The large movie theater company has struggled, though, as streaming apps and other platforms like YouTube have stolen viewers. AMC is expected to report second-quarter earnings in August. 10 stocks we like better than AMC Entertainment › AMC (NYSE: AMC), the world's largest owner of movie theaters, was also one of the original meme stocks that popped in 2020 and 2021. Retail investors, through the power of social media and investing chat groups, started looking for stocks with high short interest, even if the company's fundamentals weren't strong. They realized that by working together to purchase shares and refusing to sell, they could keep the stock price higher for longer, eventually forcing short-sellers to repurchase their borrowed shares, which they had to return to the original owners. The result is a massive short squeeze, which can lead to a stock melting up. While AMC's stock has crashed since its epic run, the name still has many loyal followers who think the stock can rally. Should you buy AMC before the company reports earnings some time in early August? While people consume more content than ever before, movie theaters have not benefited from this trend. YouTube and streaming apps, and the ability to use these platforms on a variety of devices, have taken market share from movie theaters. The pandemic made it more mainstream to watch movies from the confines of home, and the streaming apps regularly release new content that bypasses movie theaters altogether. Even the most highly anticipated movies with big-name actors that start out in theaters only take a few months before they are accessible on a streaming app for free or can be purchased, often at a cheaper rental price than going to the theaters. While many industries that struggled during the pandemic have now recovered, movie theaters are still struggling. Many experts thought this might be the year that the movie business recovered, but that hasn't been the case so far. In 2024, AMC reported a $353 million net loss, which improved 44% from 2023. Revenue dropped about 4% on the year. However, in the first quarter of 2025, which is believed to be a seasonally weak time for the sector, AMC reported a $202 million net loss and saw revenue decline 9.3% year over year. AMC CEO Adam Aron said he strongly believes the poor results are an anomaly. "Anyone trying to draw any conclusions about the success or appeal of movie theatres from the results of the first quarter of 2025 is likely to be mistaken," Aron said in AMC's earnings release, adding that the first quarter of the year was the worst experienced by the industry since 1996, excluding a few quarters impacted by the pandemic. Aron added that demand for movie theater experiences has surged in the second quarter, with domestic box office activity up more than double in April and May on a year-over-year basis. It's a bit hard for me to reconcile how the box office can be so volatile this year, but if Aron is to be believed there should be a bounce in the second quarter. A report from Grower Street Analytics earlier this year said that domestic box office totals in 2025 are supposed to jump 8% year over year, so perhaps the first quarter was an anomaly. Still, AMC's financials are not yet compelling. Furthermore, my own experiences and trends with how I view content do not make me a believer in the box office. I find streaming at home to be far more convenient. I've learned to simply wait a few months to see most new movies that appear in theaters, and when there is a popular new movie out that I want to see, it's difficult to book good seats in a theater. While movie ticket prices have gotten more expensive, it's now much more affordable to purchase a large television and entertainment system for your house or apartment. Considering these trends and no real financial proof yet that AMC is anywhere close to turning a profit or growing revenue, I think investors can find plenty of better opportunities to invest their capital over AMC. Before you buy stock in AMC Entertainment, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and AMC Entertainment wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $649,102!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $882,344!* Now, it's worth noting Stock Advisor's total average return is 996% — a market-crushing outperformance compared to 174% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Should You Buy AMC Stock Before August? was originally published by The Motley Fool Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Miami Herald
11-06-2025
- Business
- Miami Herald
AMC makes major theater change that will frustrate customers
AMC Theaters (AMC) had a rough start to 2025. The theater chain suffered a major loss as it struggled to attract moviegoers, despite major releases such as "Captain America: Brave New World," "Snow White," "Wolf Man," and "Dog Man." In its first-quarter earnings report for 2025, AMC revealed that its total revenues fell by about 9% year-over-year, while movie theater attendance in the U.S. dropped by 11%. Don't miss the move: Subscribe to TheStreet's free daily newsletter AMC also reported a net loss of $202.1 million during the quarter, which is higher than the $163.5 million net loss it suffered during the same quarter last year. Related: AMC announces generous offer to win back customers "Setting aside those first quarters directly impacted by Covid and its aftermath, the January to March industry box office in 2025 was the lowest it has been since 1996," said AMC CEO Adam Aron in the report. The dip in attendance comes after AMC's average movie ticket price in the U.S. reached $12.31 during the first quarter of this year, which is higher than the $12.19 average it reported for the same quarter in 2024. Movie ticket prices have been rising over the past few years amid inflation. According to recent data from The Numbers, the average movie ticket price in the U.S. was $11.31 in 2024, which is 3% higher than the $10.94 average in 2023. As prices increase, some consumers have been avoiding movie theaters like the flu. A recent survey from the Wall Street Journal found that 65% of consumers said they prefer to watch movies at home, while 35% said they prefer to watch films in theaters. Amid this trend, AMC has made a bold move to dodge further price increases; however, customers may not be thrilled about the decision. The theater chain has reportedly landed a deal with cinema advertising company National CineMedia to run more commercials before movie screenings begin, according to a recent report from The New York Times. AMC claims this deal will allow it to rely less on increasing movie ticket prices to boost its revenue. Related: Paramount makes drastic decision amid shift in customer behavior "For the past five years, AMC has sought out crucial revenue that is not reliant on the increase of base ticket prices," said AMC in a statement to the Times, adding "while AMC was initially reluctant to bring this to our theaters, our competitors have fully participated for more than five years without any direct impact to their attendance." The move from AMC comes after its top rivals, Regal and Cinemark, signed the same deal with National CineMedia in 2019. AMC was also offered the deal that same year; however, it "flatly rejected" it due to its concerns that "U.S. moviegoers would react quite negatively to the concept," according to a press release. The deal is expected to make pre-show advertisements last, on average, 20 to 30 minutes long. It is no surprise that AMC is continuing to dodge increasing its ticket prices as it has recently made several attempts to make moviegoing more affordable for consumers, who are battling inflation and higher costs of living. A few months ago, the theater chain added a new A-List Classic tier subscription to its flagship subscription service AMC Stubs A-List. The new tier offers a lower-price plan for guests who prefer to watch a maximum of one movie per week at AMC Classic locations. It also made several tweaks to AMC Stubs A-List to attract more frugal customers, such as expanding A-List weekly movie access from three titles a week to four, and lowering the age eligibility from 16 to 13 to attract more teens and families into theaters. During an earnings call in May, Aron said these changes are "designed to ease the pain of a healthy price increase." Related: Disney CEO offers unexpected response to tariff concerns The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
CNBC
27-05-2025
- Entertainment
- CNBC
Movie theater stocks soar after record-breaking Memorial Day box office
Shares of movie theater companies soared on Tuesday following a record-breaking Memorial Day Weekend at the domestic box office. AMC saw its stock jump more than 20%, while shares of Marcus Theatres' parent company Marcus Corporation climbed 8% and Cinemark stock leaped 2.5%. The tandem releases of Disney's live-action "Lilo & Stitch" and Paramount's "Mission Impossible — The Final Reckoning" alongside holdovers Disney and Marvel's "Thunderbolts*," Warner Bros.' "Sinners" and "Final Destination Bloodlines" led to an estimated $326 million haul, the highest Memorial Day box office ever, according to data from Comscore. It is also more than double the $132 million in ticket sales collected last year during the same period. "Everything came together at the right time with two eagerly anticipated, positively reviewed tentpoles courting a diverse range of audiences," said Shawn Robbins, director of analytics at Fandango and founder of Box Office Theory. "This record holiday frame continues a box office winning streak which began in the spring and has now grown into bona fide momentum for what will likely be a $4 billion-plus summer at domestic cinemas thanks to a string of promising blockbusters on the slate." AMC, Cinemark and Marcus Theatres each posted their best Memorial Day Weekend ticket revenues of all time, as well as record food and beverage sales for the holiday. "Finally it would appear that our industry has turned a corner," Adam Aron, CEO of AMC, said in a statement. "Since early April, weekend after weekend, moviegoers have been demonstrating their preference for theatrical moviegoing. A record-setting Memorial Day holiday is yet another sign of the continued strength and relevance of moviegoing in 2025." "Lilo & Stitch" tallied $183 million during the four-day frame, leading the pack, while the eighth installment in the Mission Impossible franchise scooped up $77 million. "Final Destination Bloodlines" took in $23.9 million, "Thunderbolts*" added $11.8 million and "Sinners" snared $11 million, Comscore reported. The combination of new product and strong carryover from previously released films fueled the weekend, Chad Paris, chief financial officer at Marcus Corp, told CNBC. "This is the first time this year where I would say we've had a fulsome amount of product for the weekend," he said. "And we're now getting into the stretch in the calendar where we'll have a steady cadence of product releases and across genres, a lot of different products for people to go see." Over the summer period, which ends Labor Day Weekend, the domestic box office will see the release of Universal's live-action version of "How to Train Your Dragon," a new Disney and Pixar feature "Elio," the hotly anticipated "Jurassic World Rebirth," Warner Bros.' "Superman" reboot, and Disney and Marvel's "The Fantastic Four: First Steps." In between these tentpoles are a slew of low-and-mid budget films across genres like horror, drama, comedy and sports. "Every other studio and every other movie on the horizon over the next few weeks are going to ride a wave and benefit from the performance of the past couple of months," said Paul Dergarabedian, senior media analyst at Comscore. "We're going to have one hell of a summer and if Memorial Weekend is any indication, we're certainly looking at a $4 billion plus summer at potentially $4.2 billion plus and that's great news after a summer of 2024 that failed to reach that milestone."
Yahoo
27-05-2025
- Business
- Yahoo
AMC Announces Record-Breaking Memorial Day Numbers, Thanks to 'Lilo & Stitch'
Ticket and concession sales from Thursday through Monday set a record for the best Memorial Day weekend in AMC Entertainment history, the cinema chain said. The movie theater operator credited Lilo & Stitch and Mission: Impossible — The Final Reckoning with bringing in crowds. Shares of AMC and Disney rose Tuesday morning as investors absorbed box office was a blockbuster weekend for AMC Entertainment (AMC). AMC had the most lucrative Memorial Day weekend in its history, setting records for admissions income, food and beverage sales, and total revenue at U.S. theaters, the movie theater operator said. AMC credited the releases of Lilo & Stitch and Mission: Impossible — The Final Reckoning with drawing crowds, bolstering shares of AMC along with the hits' respective producers, The Walt Disney Company (DIS) and Paramount Global (PARA). AMC hasn't had as many people visit its domestic theaters over Memorial Day weekend since 2013, the company said. Americans spent a total of $326.7 million on tickets with various movie theater operators over the holiday weekend, topping the $314.3 million record from 2013, The Wall Street Journal reported. 'Finally it would appear that our industry has turned a corner. Since early April, weekend after weekend, moviegoers have been demonstrating their preference for theatrical moviegoing,' AMC CEO Adam Aron said in a press release. "We firmly expect to be enjoying a robust theatrical box office as we look ahead.' Shares of AMC were recently up 9%, but have fallen about 11% so far this year. Lilo & Stitch, a live-action remake of a movie about a Hawaiian family's adoption of an alien, grossed $183 million in domestic ticket sales from Friday through Monday, according to Comscore, a firm that measures media consumption and audiences. Shares of Disney, its producer, ticked up nearly 2%. Paramount's Mission Impossible action movie sold $77.5 million in tickets over the four-day period, according to Comscore. Paramount stock crept up less than 1%. Read the original article on Investopedia
Business Wire
27-05-2025
- Business
- Business Wire
AMC Entertainment Sets Memorial Day Holiday-Weekend Records for Admissions Revenue, Food and Beverage Revenue, and Total Revenue, on the Way to AMC's Biggest Revenue Weekend So Far in 2025
LEAWOOD, Kan.--(BUSINESS WIRE)--AMC Entertainment (NYSE:AMC), the largest theatrical exhibitor in the United States and the world, today announced a record-breaking Memorial Day holiday weekend performance. From Thursday through the Monday holiday, AMC set all-time weekend records for the Memorial Day holiday for admissions revenue, food & beverage revenue and overall revenue at its domestic locations. In terms of the number of guests in its theatres, both in the United States and globally AMC and ODEON Cinemas also recorded their highest attended weekend and highest attended 5-day period of 2025. All told, more than 7 million moviegoers visited an AMC in the United States or an ODEON Cinemas location internationally from Thursday through Monday. AMC's 5-day performance for overall revenue (admissions revenue plus food and beverage revenue) ranks as the Company's third-best 5-day period in more than a decade. As part of the successful weekend in the U.S., AMC recorded its biggest food and beverage revenue over a 5-day period this decade, and second biggest in Company history. Domestically, it was also AMC's most attended weekend of the year and its highest-attended Memorial Day weekend since 2013. Also, this past weekend domestically at AMC, each of Friday, Saturday, and Sunday were the most attended of all the respective Fridays, Saturdays and Sundays of 2025. AMC's strong results reflect broader momentum across the theatrical industry, as media outlets report a record-setting Memorial Day box office, driven by the robust openings of LILO & STITCH and MISSION: IMPOSSIBLE – THE FINAL RECKONING. Audiences for both films filled AMC's extensive network of premium screens, including IMAX, Dolby Cinema and RealD 3D. AMC Chairman and CEO Adam Aron commented: 'Finally it would appear that our industry has turned a corner. Since early April, weekend after weekend, moviegoers have been demonstrating their preference for theatrical moviegoing. A record-setting Memorial Day holiday is yet another sign of the continued strength and relevance of moviegoing in 2025. With many more potentially huge movies coming in June all the way through the end of 2025, and beyond that deeply into 2026 as well, we firmly expect to be enjoying a robust theatrical box office as we look ahead.' Aron continued: 'This record-setting Memorial Day weekend underscores the long-standing truth that when exceptional films meet unmatched theatrical experiences, audiences respond in a big way. We are especially grateful to our studio partners at Disney and Paramount, as well as the filmmakers, casts, and crews behind LILO & STITCH and MISSION: IMPOSSIBLE – THE FINAL RECKONING for their creating stories and delivering performances that truly resonated with moviegoers. Their creative efforts, combined with AMC's continued focus on enhanced sight, sound, and comfort, led to AMC Entertainment enjoying one of the most successful weekends in our company's history.' About AMC Entertainment Holdings, Inc. AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with approximately 900 theatres and 10,000 screens across the globe. AMC has propelled innovation in the exhibition industry by: deploying its Signature power-recliner seats; delivering enhanced food and beverage choices; generating greater guest engagement through its loyalty and subscription programs, website, and mobile apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming. For more information, visit
