AMC Entertainment reports Q4 adjusted EPS (14c), consensus (21c)

Reports Q4 revenue $990.9M, consensus $977.67M. Available liquidity at December 31, 2022 was $842.7M, including $211.2M of undrawn capacity under che Company’s revolving credit facility. The company said, "Naturally, we are pleased that AMC Entertainment easily bested consensus estimates for Q4 2022 Revenue and Adjusted EBITDA, as well as posting a beat on Adjusted Net Income and EPS after excluding for non-cash impairment write offs. We are similarly encouraged that our Q4 2022 revenue per patron of $19.98 was well above pre-pandemic levels, thanks to rising ticket prices and the consumer’s continued predilection to indulge more at our concession stands in our high-margin food and beverage business."