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This statistic highlights AMC Entertainment’s Revenue by Segment, across admissions, food and beverage, and other ancillary segments. AMC Entertainment Holdings Inc. is an American movie theatre chain worldwide. AMC is the world’s largest theatre exhibition company, as well as an industry innovator and operational leader. The company has theatres in 15 countries, including the United States, Europe, and Saudi Arabia. They offer theatre exhibitions, movie screenings, food distribution, online ticket purchasing, and other associated services through its subsidiaries.
AMC Entertainment Holdings Inc. generates revenue from three segments
The following table sheds more light on each of the segments and their contribution to the company’s overall top line.
|Revenue Segment||Revenue in 2019||Revenue in 2020||Revenue Share in 2020||YoY Growth|
|Food and beverage||1,719.60||336.40||27.66||-80.44|
( All the figures in millions, except percentages)
From 2013 through the time of the Covid-19 outbreak, AMC Entertainment Holdings Inc. witnessed considerable growth in total revenue.
AMC Entertainment’s total revenue was $1216.40 million in 2020. This was a 77.77 % decline from the $5471 million generated in 2019 and an 81% decrease from $6454 million during the subsequent year. The majority of AMC’s revenue comes from box office admissions and theatre food and beverage sales.
Box office admissions are the largest source of revenue for the company. The admission segment includes the revenue received by selling tickets to individuals for entertainment at a box office.
AMC Entertainment’s admission segment generated $712.10 million in 2020, a 78.43 % decline from $3301.30 million in 2019, mainly because of the theatre operations suspended. This segment contributed 58.54% to the total revenue in 2020.
Food and beverage
Food and beverage sales are the second-largest source of revenue after box office admissions. AMC’s food and beverage segment generated a revenue of $336.40 million during 2020, contributing 27.66% to the total revenue. There was a decline of 80.44% compared to $1719.60 million in 2019, this fall was due to the drop in box office admission.
In the fiscal year, 2019 AMC’s food and beverage revenue increased by 1.9%, or by $48 million, when comparing the fiscal year 2018.
Other ancillary segments include on-screen advertising, fees earned from the AMC Stubs customer frequency membership program, theatres auditorium rental, income from the gift card and exchange ticket sales, online ticketing fees, and arcade games located in the theatre lobbies.
AMC’s other ancillary revenue declined by 62.70% from $450.10 million in 2019 to $167.90 million in 2020. This segment only contributed 13.80% to the total revenue in 2020. All other Ancillary witnessed losses due to the decrease in attendance, ticket fees, income from the gift cards and package tickets, and screen advertising has all declined.
During the Covid-19 outbreak, the total revenue of AMC Entertainment declined. AMC has a prior authorization to offer 43 million new shares to raise funds to cover losses and avoid bankruptcy. Investors that purchased AMC shares stock offering contributed $506 million.
AMC Theatres was founded in 1920 by Maurice, Edward, and Barney Dubinsky. It is headquartered in Leawood, Kanas, United States. AMC Entertainment has the largest market share in the United States, followed by Regal and Cinemark Theatres. In 1985, AMC Entertainment opened its first multiplex outside of the United States, a 10-screen multiplex in Milton Keynes, United Kingdom.
In 2016, it became the world’s largest movie theatre chain after acquiring Odeon Cinemas, UCI Cinemas, and Carmike Cinemas. The company operates in 15 countries. It has 2,866 screens in 358 European theatres and 7,967 screens in 620 US theatres. AMC Entertainment had around 3,449 full-time employees and roughly 21,570 part-time employees as of December 31, 2020. Wanda Group, a Chinese conglomerate, held the majority of the company’s stock. In September 2018, AMC received a $600 million investment from private equity firm Silver Lake Partners.
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