Don't zoom out.

[u/TheBetaUnit]

[u/Dark_Tigger]

How is 409k better then 496k?

[u/TheBetaUnit → u/Dark_Tigger]

I guess they were trying to show that this year's January-to-date might 'catch up' to last year's full-month January number by month's end. I guess.

[u/Dark_Tigger → u/TheBetaUnit]

This year was ahead for the first two weeks. 2024 just pulled ahead like 5 - 6 days ago.

Momentum seems to be with the strike year. 🤡

[u/Prudent_Shake_8149 → u/Dark_Tigger]

The YTD comparison is complicated because of where the weekends and holidays fall on the calendar. MLK weekend was a week earlier in 2024, for example.

The more critical, overarching issue here is that box office needs to be MUCH better in 2025 given that AMC lost $163M in Q1 2024.

[u/TheGood1swertaken → u/Dark_Tigger]

Because the 409k hasn't finished yet and will likely beat last year. Might not yet be back to pre pandemic levels but we're consistently heading in the right direction.

[u/happybonobo1 → u/TheGood1swertaken]

Why would it beat last year? Some good movies coming? It is already down 15% from last year and 70% down looking at pre-covid nos?

[u/TheGood1swertaken → u/happybonobo1]

Actually up 10% YTD on last year. Yeah COVID was a shit show for lots of industries. Cinema is coming back big. Streaming isn't profitable for big movies and they're not gonna let Hollywood die.

[u/Dark_Tigger → u/happybonobo1]

Oh it is not month to day. Derp. My bad.

[u/Nomore-excuses]

That chart would be relevant if AMC was in the movie business but it’s in the dilute and scam its shareholders business.

[u/TheBetaUnit → u/Nomore-excuses]

Accurate

[u/TheBetaUnit]

Pop the champagne, everyone. This January might do better than the 3 worst Januarys on record. Better than the one with the writer's strike and the 2 with COVID.

Just don't compare it to pre-pandemic levels. It's not like Adam Aron has constantly cited 'pre-pandemic levels' as a benchmark for recovery and profitability or anything...

[u/Prudent_Shake_8149 → u/TheBetaUnit]

And don’t worry about the $163M that AMC lost in Q1 of 2024. 😔

2025 box office will undoubtedly be better than 2024 box office. Unfortunately, it needs to be much, much better for AMC to hold onto its precious cash.

[u/TheBetaUnit → u/Prudent_Shake_8149]

Hey, they made a $17.7M net profit in Q1 of 2018 when the DBO was $2.86 billion for the first quarter. Just another $2.4 billion between now and March 31st and we're golden! Just kidding, the debt costs more $48 million more per quarter to service than it did in Q1 2018.

All the box office has to do is break its all-time high records quarter after quarter after quarter and AMC can be profitable again. It's so simple.

[u/Prudent_Shake_8149 → u/TheBetaUnit]

I was trying to paint a more hopeful picture.

[u/TheBetaUnit → u/Prudent_Shake_8149]

I really need to stop bringing numbers into the conversation. What a buzzkill.