AMC has published its 2014 Q4 and year-end figures and though admissions and ticket sales were down, F&B revenue was up as the exhibitor continues to focus on the “guest experience.”
Highlights for the fourth quarter 2014 include the following:
- Total revenues were $712.2 million compared to total revenues of $713.0 million for the three months ended December 31, 2013.
- Admissions revenues were $460.3 million compared to $482.1 million for the same period a year ago. Average ticket price was $9.54 compared to $9.57 for the same period a year ago.
- Food and beverage revenues were $215.3 million, compared to $197.9 million for the quarter ended December 31, 2013. Food and beverage revenues per patron increased 13.5% to $4.46, representing the highest in the history of the Company.
- Earnings from continuing operations and diluted earnings per share from continuing operations were $29.8 million and $0.30, respectively, compared to $282.6 million and $3.62, respectively, for the three months ended December 31, 2013. LINK
UK – Up-amd-coming coming UK exhibitor The Light Cinemas has secured GBP £5.2 million in new funding from Connection Capital to further expand.
The investment from Connection Capital was supported by £4.5m of funding from Santander.
The investment will be used to acquire a nine-screen multiplex cinema in the centre of Cambridge from Cineworld.
It will also fund the roll-out of further sites across the UK – Bolton, Sheffield, Thetford (Norfolk), Dundee, Stockport and Walsall – all of which are secured under a signed agreement for lease. LINK