AMC Entertainment Holdings, Inc.
has released preliminary fourth-quarter 2021 financial results, indicating a significant improvement from the previous year. The company anticipates total revenues of approximately $1,171.6 million, a substantial increase from $162.5 million in Q4 2020.
The net loss for the quarter is projected to be between $114.8 million and $194.8 million, a marked improvement from the $946.1 million loss in the same period of 2020. Furthermore, AMC expects positive Adjusted EBITDA between $146.8 million and $151.8 million, a turnaround from a loss of $(327.5) million in Q4 2020.
The company also reported positive operating cash generated of approximately $216.5 million for the quarter and ended the year with $1.8 billion in liquidity. CEO Adam Aron highlighted the fourth quarter as the strongest in two years, driven by a robust slate of upcoming films.
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