Financial Data and Key Metrics Changes - In Q3 2024, AMC's net loss narrowed by 37% compared to Q2 2024, with total revenues increasing by 31% from Q2 2024 [14][35] - AMC's adjusted EBITDA was four times stronger in Q3 2024 than in Q2 2024, marking the second-best EBITDA performance for any third quarter in the company's history [16][35] - The company ended Q3 2024 with approximately $527 million in cash on hand, excluding restricted cash [25][48] Business Line Data and Key Metrics Changes - AMC achieved record admissions revenue per patron in Q3 2024, with food and beverage revenues per patron also reaching an all-time high [15][39] - Revenue per patron was $20.72, up 37.1% from pre-pandemic levels in 2019, while contribution margin per patron was $13.49, up 41% from 2019 [37] - Food and beverage revenue per patron hit $7.53, a 14.8% increase compared to Q3 2023 and a 56.3% increase compared to Q3 2019 [39] Market Data and Key Metrics Changes - The domestic industry box office reached a post-pandemic high of $2.7 billion in Q3 2024, up 37% from Q2 2024 [10] - AMC's consolidated attendance was approximately 12% below the same period last year, with European markets experiencing a 16% decline in attendance [32][33] - AMC welcomed 65 million moviegoers worldwide in Q3 2024, representing a sequential revenue increase of approximately 31% compared to Q2 2024 [35] Company Strategy and Development Direction - AMC plans to implement the G.O. Plan, a multi-year initiative to reinvest between $1 billion and $1.5 billion into theaters to enhance the moviegoing experience [55][104] - The G.O. Plan includes upgrading projection technology, renovating theaters, and expanding premium large format screens [60][72] - The company aims to maintain robust cash reserves while managing debt levels and liquidity to support future investments [57][89] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the box office recovery, anticipating a strong Q4 2024 and continued growth in 2025 and 2026 [20][21] - The company highlighted the importance of a diverse film slate, including both blockbuster and smaller films, to drive attendance [119] - Management acknowledged ongoing challenges but emphasized the success of recent initiatives and the potential for future growth [90] Other Important Information - AMC successfully extended $2.4 billion of long-term debt maturities from 2026 to 2029 and 2030, and paid down $345 million of debt year-to-date [24][42] - The company closed 11 underperforming locations and opened one new location, resulting in a net reduction of 126 locations since 2020 [50] Q&A Session Summary Question: Are there plans to enhance or change AMC's loyalty programs in the future? - Management confirmed that significant enhancements are coming to the AMC Stubs and A-List programs in 2025, following extensive market research [102] Question: Can you discuss the financing and timing of future investments? - Management indicated that the investment plan will be executed with fiscal discipline, with spending tied to rising EBITDA and shareholder input [104] Question: What is AMC's approach to sports programming opportunities? - Management expressed interest in exploring sports programming, including potential partnerships for broadcasting games, while acknowledging the challenges of securing rights [112][116]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q March 31, (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-33892 AMC ENTERTAINMENT HOLDINGS, INC. (Exact name of registrant as specified in its charter) De ...

[AMC Entertainment Holdings, Inc. Third Quarter 2024 Results](index=1&type=section&id=AMC%20Entertainment%20Holdings%2C%20Inc.%20Third%20Quarter%202024%20Results) [Financial & Operational Highlights](index=1&type=section&id=Financial%20%26%20Operational%20Highlights) The company reported Q3 revenues of $1.35 billion and a net loss, but showed strong sequential improvement [Third Quarter 2024 Summary Results](index=1&type=section&id=Third%20Quarter%202024%20Summary%20Results) The company reported total revenues of $1.35 billion, a net loss of $20.7 million, and ended Q3 with $527.4 million in cash Q3 2024 Financial Summary | Metric | Value (USD) | | :--- | :--- | | Total Revenues | $1,348.8 million | | Net Loss | $(20.7) million | | Adjusted EBITDA | $161.8 million | | Net cash used in operating activities | $(31.5) million | | Cash and cash equivalents | $527.4 million | [Management Commentary](index=1&type=section&id=Management%20Commentary) Management highlighted a historically strong Adjusted EBITDA, significant sequential growth, and a bullish outlook - Q3 2024 Adjusted EBITDA was the **second-best performance** of any third quarter in AMC's 104-year history[2](index=2&type=chunk) - Compared to Q2 2024, Q3 Total Revenues were **31% stronger**, Net Loss narrowed by 37%, and Adjusted EBITDA was four times stronger[2](index=2&type=chunk) - The company achieved a **new record** for third-quarter admissions revenue per patron and an all-time quarterly record for food and beverage revenue per patron[2](index=2&type=chunk) - Management is bullish about the upcoming movie slate, expecting the industry-wide box office to **rise markedly**[2](index=2&type=chunk)[4](index=4&type=chunk) [Detailed Financial Performance](index=4&type=section&id=Detailed%20Financial%20Performance) Q3 revenues declined 4.1% YoY to $1.35 billion, driven by lower attendance despite higher per-patron spending [Key Financial Results (GAAP & Non-GAAP)](index=4&type=section&id=Key%20Financial%20Results%20(GAAP%20%26%20Non-GAAP)) The company's Q3 revenue fell 4.1% YoY, shifting from a net profit to a net loss of $20.7 million Q3 2024 vs Q3 2023 Performance (in millions) | Metric | Q3 2024 | Q3 2023 | Change | | :--- | :--- | :--- | :--- | | Total Revenues | $1,348.8 | $1,405.9 | (4.1)% | | Net Earnings (Loss) | $(20.7) | $12.3 | $(33.0) | | Adjusted EBITDA | $161.8 | $199.9 | $(38.1) | | Diluted EPS | $(0.06) | $0.08 | $(0.14) | | Attendance (thousands) | 65,087 | 73,576 | (11.5)% | Nine Months 2024 vs 2023 Performance (in millions) | Metric | YTD 2024 | YTD 2023 | Change | | :--- | :--- | :--- | :--- | | Total Revenues | $3,330.8 | $3,708.2 | (10.2)% | | Net Loss | $(217.0) | $(214.6) | $(2.4) | | Adjusted EBITDA | $179.1 | $406.4 | $(227.3) | | Diluted EPS | $(0.69) | $(1.43) | $0.74 | | Attendance (thousands) | 161,731 | 187,565 | (13.8)% | [Consolidated Financial Statements](index=10&type=section&id=Consolidated%20Financial%20Statements) Financial statements detail a YoY decline in revenue and operating income, with $4.14 billion in corporate borrowings Consolidated Statement of Operations Highlights - Q3 (in millions) | Line Item | Q3 2024 | Q3 2023 | | :--- | :--- | :--- | | Total Revenues | $1,348.8 | $1,405.9 | | Admissions | $744.2 | $797.7 | | Food and beverage | $490.4 | $482.7 | | Operating Income | $71.8 | $99.4 | | Net Earnings (Loss) | $(20.7) | $12.3 | Consolidated Balance Sheet Highlights (in millions) | Line Item | Sept 30, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | Cash and cash equivalents | $527.4 | $884.3 | | Corporate borrowings | $4,144.0 | $4,577.4 | | Total assets | $8,324.1 | $9,009.2 | [Operating Metrics & Segment Data](index=12&type=section&id=Operating%20Metrics%20%26%20Segment%20Data) Attendance fell 11.5% YoY, but average ticket price and record food and beverage revenue per patron increased Q3 2024 Key Operating Metrics (YoY) | Metric | Q3 2024 | Q3 2023 | | :--- | :--- | :--- | | Attendance (thousands) | 65,087 | 73,576 | | Average Ticket Price | $11.43 | $10.84 | | F&B Revenue per Patron | $7.53 | $6.56 | | Average Screens | 9,534 | 9,781 | Q3 2024 Segment Performance (in millions) | Segment | Revenues | Adjusted EBITDA | | :--- | :--- | :--- | | U.S. Markets | $1,055.3 | $143.3 | | International Markets | $293.5 | $18.5 | | **Consolidated** | **$1,348.8** | **$161.8** | [Balance Sheet & Capital Markets Activity](index=4&type=section&id=Balance%20Sheet%20%26%20Capital%20Markets%20Activity) The company improved its debt profile by extending maturities for $2.4 billion of debt and reducing total borrowings - The company ended the quarter with **$527.4 million in cash**, excluding $49.7 million in restricted cash[8](index=8&type=chunk) - Completed transactions to extend the maturity of approximately **$2.4 billion of debt** due in 2026 to new maturity dates in 2029 and 2030[8](index=8&type=chunk) - Year-to-date in 2024, the company has reduced the total principal amount of corporate borrowings and finance leases by **$349 million**[14](index=14&type=chunk) - Various debt tranches, including Second Lien Notes and Senior Subordinated Notes, were repurchased or exchanged for a combination of cash and Class A common stock[12](index=12&type=chunk)[13](index=13&type=chunk) [Non-GAAP Financial Measure Reconciliations](index=14&type=section&id=Non-GAAP%20Financial%20Measure%20Reconciliations) This section reconciles GAAP net loss to non-GAAP measures like Adjusted EBITDA and shows negative Free Cash Flow Q3 2024 Adjusted EBITDA Reconciliation (in millions) | Line Item | Amount | | :--- | :--- | | Net Loss | $(20.7) | | Plus: Income tax benefit | $(1.1) | | Plus: Interest expense | $119.6 | | Plus: Depreciation & amortization | $80.8 | | Other adjustments | $(16.8) | | **Adjusted EBITDA** | **$161.8** | Q3 2024 Free Cash Flow Reconciliation (in millions) | Line Item | Q3 2024 | Q3 2023 | | :--- | :--- | :--- | | Net cash (used in) provided by operating activities | $(31.5) | $65.9 | | Less: Total capital expenditures | $(60.7) | $(57.5) | | **Free Cash Flow** | **$(92.2)** | **$8.4** | Q3 2024 Adjusted Net Loss Reconciliation (in millions) | Line Item | Amount | | :--- | :--- | | Net Loss | $(20.7) | | Adjustments (Marked-to-market gain, debt extinguishment, etc.) | $4.8 | | **Adjusted Net Loss** | **$(15.9)** | [Company Information & Forward-Looking Statements](index=6&type=section&id=Company%20Information%20%26%20Forward-Looking%20Statements) AMC is the world's largest movie exhibitor and provides cautionary notes regarding future performance risks - AMC is the **largest movie exhibition company** in the U.S., Europe, and worldwide, with approximately 880 theatres and 9,800 screens[17](index=17&type=chunk) - The company cautions that forward-looking statements regarding revenue, EBITDA, and recovery are **subject to significant risks**, including liquidity concerns, debt covenants, competition, and the performance of motion picture production[19](index=19&type=chunk)

AMC Entertainment Holdings, Inc. (NYSE:AMC) Q2 2024 Results Conference Call August 2, 2024 5:00 PM ET Company Participants John Merriwether - Vice President, Capital Markets and Investor Relations Adam Aron - Chairman and Chief Executive Officer Sean Goodman - Executive Vice President and Chief Financial Officer Conference Call Participants Eric Wold - B. Riley Securities Chad Beynon - Macquarie Jason Bazinet - Citi Jim Goss - Barrington Research Alicia Reese - Wedbush Operator Greetings and welcome to the ...

Theatre Operations - As of June 30, 2024, the company operated 886 theatres and 9,889 screens across 11 countries in the U.S. and Europe[165] - As of June 30, 2024, AMC had approximately 33 million member households enrolled in its loyalty programs, representing about 48.9% of U.S. market attendance[171] - The number of IMAX® theatres remained stable at 183 in the U.S. as of June 30, 2024, with a total of 216 IMAX® theatres globally[170] - The company operated 554 theatres in the U.S. markets, down from 569 theatres in the previous year, a decrease of 2.6%[189] - The number of screens operated in the U.S. markets was 7,262 as of June 30, 2024, compared to 7,432 in the same period of 2023, indicating a slight reduction[1] Revenue Sources and Performance - The primary revenue sources are box office admissions and food and beverage sales, with box office admissions being the largest revenue contributor[165] - Total revenues for the three months ended June 30, 2024, were $1,030.6 million, a decrease of 23.5% compared to $1,347.9 million for the same period in 2023[186] - Admissions revenue decreased by 24.1% to $564.4 million from $744.1 million year-over-year[186] - The company experienced a significant decrease in food and beverage revenue, down 24.8% to $367.1 million from $488.2 million year-over-year[186] - Total revenues for the U.S. markets decreased to $1,505.0 million in the six months ended June 30, 2024, down from $1,791.9 million in the same period of 2023, representing a decline of approximately 16%[1] Attendance Trends - Future attendance and revenue levels are uncertain due to potential changes in movie studio release schedules and consumer behavior, particularly following labor strikes in 2023[159] - Attendance decreased to 50,013 thousand from 66,368 thousand year-over-year[187] - Attendance in U.S. markets decreased to 36,493 thousand from 50,023 thousand in the prior year, a drop of 27.0%[189] - Attendance in the U.S. markets decreased to 66,983 thousand in the six months ended June 30, 2024, compared to 82,385 thousand in the same period of 2023, indicating a decline of approximately 19%[1] Financial Losses and Costs - Operating income for the three months ended June 30, 2024, was a loss of $47.4 million, compared to an income of $84.8 million for the same period in 2023[186] - Net earnings for the three months ended June 30, 2024, were a loss of $32.8 million, compared to a profit of $8.6 million in the same period of 2023[186] - The net loss for the U.S. markets was $(142.5) million for the six months ended June 30, 2024, compared to a net loss of $(188.7) million in the same period of 2023[1] - Net loss was $(32.8) million for the three months ended June 30, 2024, compared to net earnings of $8.6 million for the same period in 2023[216] Debt and Financing - There are risks associated with significant indebtedness, including the potential for dilution of common stock due to future share issuances[161] - The company raised gross proceeds of $250 million through the issuance of approximately 72.5 million shares of Common Stock during the six months ended June 30, 2024[176] - AMC executed a debt for equity exchange, extinguishing $191.4 million in Second Lien Notes due 2026, resulting in a gain of $91.1 million[175] - The company completed refinancing transactions on July 22, 2024, extending the maturities of approximately $1.6 billion of debt to 2029 and 2030[273] Operational Efficiency - The company is exploring strategic initiatives to optimize its theatre circuit, including new constructions and transformations of existing theatres[162] - The company plans to focus on market expansion and new product development to drive future growth[189] - Operating costs and expenses for the three months ended June 30, 2024, were $1,078.0 million, a decrease of 14.7% compared to $1,263.1 million in the same period of 2023[186] - Operating costs and expenses decreased by $185.1 million, or 14.7%, during the three months ended June 30, 2024[208] Market Challenges - The company faces significant risks related to the recovery of North American and international box office revenues, which may not meet pre-COVID-19 levels, impacting liquidity and operational cash flow[159] - The impact of changing distribution practices and the rise of streaming platforms may further challenge traditional box office revenues[161] - North American box office grosses were down approximately 36% for the six months ended June 30, 2024, compared to the same period in 2019, indicating a significant impact on revenue generation[276] Cash Flow and Capital Expenditures - The company reported a net cash flow used in operating activities of $222.9 million for the six months ended June 30, 2024, compared to $203.3 million for the same period in 2023, primarily due to a decline in attendance[279] - Capital expenditures for the six months ended June 30, 2024, were $95.1 million, slightly lower than $96.0 million for the same period in 2023[280] - The company estimates capital expenditures for the year ending December 31, 2024, to be approximately $175 million to $225 million to maintain and enhance operations[281]

AMC Entertainment Holdings, Inc. Reports Second Quarter 2024 Results [Second Quarter 2024 Summary Results](index=1&type=section&id=Second%20Quarter%202024%20Summary%20Results) AMC experienced a significant decline in Q2 2024 financial performance, shifting from net earnings to a net loss and a substantial decrease in Adjusted EBITDA Q2 2024 Key Financial Metrics vs. Q2 2023 | Metric | Q2 2024 | Q2 2023 | | :--- | :--- | :--- | | Total Revenues | $1,030.6 million | $1,347.9 million | | Net Earnings (Loss) | $(32.8) million | $8.6 million | | Net Loss per Diluted Share | $(0.10) | $0.06 (Earnings) | | Adjusted EBITDA | $29.4 million | $182.5 million | | Net Cash Used in Operating Activities | $(34.6) million | $(13.4) million | | Cash and Cash Equivalents (at June 30, 2024) | $770.3 million | N/A | [Management Commentary](index=1&type=section&id=Management%20Commentary) Management highlighted a strong finish to Q2 2024, driven by successful film releases and strategic debt refinancing, despite an initial slowdown from Hollywood strikes - The quarter began slowly due to the impact of the 2023 Hollywood strikes but finished with incredible strength, leading to the **highest-ever June Adjusted EBITDA** in the company's history[3](index=3&type=chunk) - Strong box office momentum continued into July with major releases like 'DESPICABLE ME 4', 'TWISTERS', and 'DEADPOOL & WOLVERINE', the latter setting records for an R-rated movie's opening weekend[3](index=3&type=chunk) - The company is confident in its future, citing a strong slate of upcoming blockbuster movies and transformative capital market transactions that extended up to **$2.45 billion** of debt maturities from 2026 to 2029 and 2030[3](index=3&type=chunk)[5](index=5&type=chunk) [Capital Markets Activity](index=4&type=section&id=Capital%20Markets%20Activity) AMC executed significant capital market transactions in Q2 and Q3 2024, including debt-for-equity exchanges, stock sales, and a major debt refinancing extending maturities to 2029 and 2030 - In Q2 2024, AMC exchanged **$173.9 million** of 2026 Second Lien Notes for **25.0 million shares** of Class A common stock[6](index=6&type=chunk) - The company raised **$250.0 million** in gross proceeds during Q2 2024 by selling **72.5 million shares** of Class A common stock[6](index=6&type=chunk) - In Q3 2024, AMC refinanced up to **$2.45 billion** of debt due in 2026, extending maturities to 2029 and 2030 through the issuance of approximately **$2.0 billion** in New Term Loans and approximately **$414 million** in new Exchangeable Notes due 2030[6](index=6&type=chunk)[7](index=7&type=chunk) Consolidated Financial Statements [Consolidated Statements of Operations](index=10&type=section&id=Consolidated%20Statements%20of%20Operations) AMC's Q2 2024 consolidated statements of operations show a significant year-over-year decrease in total revenues and a shift from operating income to a net loss Consolidated Statements of Operations (in millions) | Item | Q2 2024 | Q2 2023 | | :--- | :--- | :--- | | **Total Revenues** | **$1,030.6** | **$1,347.9** | | Admissions | $564.4 | $744.1 | | Food and beverage | $367.1 | $488.2 | | **Operating Income (Loss)** | **$(47.4)** | **$84.8** | | **Net Earnings (Loss)** | **$(32.8)** | **$8.6** | | Diluted Earnings (Loss) per Share | $(0.10) | $0.06 | [Consolidated Balance Sheet Data](index=11&type=section&id=Consolidated%20Balance%20Sheet%20Data) As of June 30, 2024, AMC's balance sheet reflects a decrease in cash and total assets, alongside a slight improvement in total stockholders' deficit Balance Sheet Data (in millions) | Item | As of June 30, 2024 | As of Dec 31, 2023 | | :--- | :--- | :--- | | Cash and cash equivalents | $770.3 | $884.3 | | Corporate borrowings | $4,335.5 | $4,577.4 | | Total assets | $8,594.7 | $9,009.2 | | Total stockholders' deficit | $(1,696.6) | $(1,847.9) | [Consolidated Other Data](index=11&type=section&id=Consolidated%20Other%20Data) Q2 2024 saw increased net cash used in operating activities and free cash flow outflow, coupled with a significant decline in total attendance and fewer theatres operated Cash Flow and Operational Metrics (in millions, except operating data) | Metric | Q2 2024 | Q2 2023 | | :--- | :--- | :--- | | Net cash used in operating activities | $(34.6) | $(13.4) | | Free cash flow | $(79.2) | $(62.0) | | Capital expenditures | $(44.6) | $(48.6) | | Attendance (in thousands) | 50,013 | 66,368 | | Number of theatres operated | 886 | 906 | Segment Information [Segment Operating Metrics](index=12&type=section&id=Segment%20Operating%20Metrics) Q2 2024 segment operating metrics show a decline in attendance across both U.S. and international markets, with mixed trends in average ticket price and food and beverage revenue per patron Q2 2024 vs Q2 2023 Segment Operating Metrics | Metric | Market | Q2 2024 | Q2 2023 | | :--- | :--- | :--- | :--- | | Attendance (thousands) | U.S. | 36,493 | 50,023 | | | International | 13,520 | 16,345 | | Average Ticket Price | U.S. | $12.01 | $11.78 | | | International | $9.32 | $9.48 | | F&B Revenue per Patron | U.S. | $8.34 | $8.22 | | | International | $4.65 | $4.72 | [Segment Financial Performance](index=13&type=section&id=Segment%20Financial%20Performance) Both U.S. and international segments experienced significant declines in Q2 2024 revenues and Adjusted EBITDA, with international markets reporting an Adjusted EBITDA loss Q2 2024 vs Q2 2023 Segment Financials (in millions) | Metric | Market | Q2 2024 | Q2 2023 | | :--- | :--- | :--- | :--- | | Revenues | U.S. | $815.9 | $1,087.4 | | | International | $214.7 | $260.5 | | Adjusted EBITDA | U.S. | $49.3 | $174.8 | | | International | $(19.9) | $7.7 | | Capital Expenditures | U.S. | $33.8 | $36.8 | | | International | $10.8 | $11.8 | Reconciliation of Non-GAAP Financial Measures [Reconciliation of Adjusted EBITDA](index=13&type=section&id=Reconciliation%20of%20Adjusted%20EBITDA) Q2 2024 Adjusted EBITDA significantly declined to $29.4 million, with reconciliation from net loss reflecting substantial adjustments including gains on debt extinguishment and shareholder litigation recoveries Reconciliation of Net Earnings (Loss) to Adjusted EBITDA (in millions) | Description | Q2 2024 | Q2 2023 | | :--- | :--- | :--- | | **Net earnings (loss)** | **$(32.8)** | **$8.6** | | Income tax provision | $0.7 | $0.4 | | Interest expense | $99.0 | $102.6 | | Depreciation and amortization | $78.8 | $96.8 | | Other expense (income) | $(105.0) | $(30.1) | | Other adjustments | $(0.4) | $14.2 | | **Adjusted EBITDA** | **$29.4** | **$182.5** | - Other expense (income) for Q2 2024 included **$(19.1) million** in shareholder litigation recoveries and **$(85.3) million** in gains on debt extinguishment[32](index=32&type=chunk) [Reconciliation of Free Cash Flow](index=16&type=section&id=Reconciliation%20of%20Free%20Cash%20Flow) Q2 2024 free cash flow was a larger outflow of $(79.2) million, driven by increased net cash used in operating activities and capital expenditures Free Cash Flow Reconciliation (in millions) | Description | Q2 2024 | Q2 2023 | | :--- | :--- | :--- | | Net cash used in operating activities | $(34.6) | $(13.4) | | Total capital expenditures | $(44.6) | $(48.6) | | **Free cash flow** | **$(79.2)** | **$(62.0)** | [Reconciliation of Contribution Margin Per Patron](index=17&type=section&id=Reconciliation%20of%20Contribution%20Margin%20Per%20Patron) Consolidated contribution margin per patron increased to $13.76 in Q2 2024, with both U.S. and international markets showing improvements Contribution Margin Per Patron | Market | Q2 2024 | Q2 2023 | | :--- | :--- | :--- | | U.S. markets | $14.73 | $13.90 | | International markets | $11.16 | $10.88 | | **Consolidated** | **$13.76** | **$13.16** | [Reconciliation of Adjusted Net Loss](index=27&type=section&id=Reconciliation%20of%20Adjusted%20Net%20Loss) AMC reported a significantly increased adjusted net loss of $(137.9) million for Q2 2024, primarily due to adjustments for gains on debt extinguishment and shareholder litigation recoveries Adjusted Net Loss Reconciliation (in millions, except per share data) | Description | Q2 2024 | Q2 2023 | | :--- | :--- | :--- | | Net earnings (loss) | $(32.8) | $8.6 | | Gain on extinguishment of debt | $(85.3) | $(21.6) | | Shareholder litigation | $(19.1) | $(1.2) | | Other adjustments | $(0.7) | $7.6 | | **Adjusted net loss** | **$(137.9)** | **$(6.6)** | | **Adjusted diluted loss per share** | **$(0.43)** | **$(0.04)** |

Buying stocks just because they are rallying is a poor strategy. Meme stocks rallied last week after meme investor Keith Gill posted on X for the first time since the pandemic. AMC (AMC) soared as much as 308% May 13-14 and GameStop (GME) gained 271% to the peak of the same two-day period. But today those gains have vanished almost entirely.X Meanwhile, Robinhood Markets (HOOD) benefited from the spike in retail investing and gained 24% last week, while favored meme social media site Reddit (RDDT) rose 16%. ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Group 1 - Proactive specializes in providing fast, accessible, and informative business and finance news to a global investment audience [1][2] - The company covers a wide range of sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [2] - Proactive employs both human content creators with extensive experience and technology to enhance workflows, including the use of automation and generative AI [2] Group 2 - The news team operates from key financial hubs around the world, including London, New York, Toronto, Vancouver, Sydney, and Perth [1] - Proactive focuses on medium and small-cap markets while also keeping the community informed about blue-chip companies and broader investment stories [2] - The content produced is edited and authored by humans, adhering to best practices in content production and search engine optimization [2]

Core Insights - Meme stocks are gaining attention on Wall Street again, primarily driven by a social media post from a prominent Reddit user, Roaring Kitty, which has led to significant price increases for GameStop, AMC, and Robinhood [1] Group 1: Stock Performance - GameStop Corp (GME) has surged 66.1% to $30.58, reaching a three-year high of $38.20, marking its largest single-session gain since February 2021 [1] - AMC Entertainment Holdings Inc (AMC) has increased by 47.8% to $4.30, also on track for its largest gain since the meme stock phenomenon began, despite being down 28.9% in 2024 and 90.5% over the last 12 months [1] - Robinhood Markets Inc (HOOD) has risen 3.9% to $16.86, recovering from a post-earnings drop, and is up 34% in 2024 [2] Group 2: Short Interest - Short interest in GameStop and AMC has risen, with 24% and 18.8% of their total available float sold short, respectively [2]