Earnings release
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amc FOR IMMEDIATE RELEASE INVESTOR RELATIONS : John Merriwether , 866-248-3872 Investor Relations@amctheatres.com Second Quarter Summary MEDIA CONTACTS : Ryan Noonan , ( 913 ) 213-2183 rnoonan@amctheatres.com AMC Entertainment Holdings , Inc. Reports Second Quarter 2021 Results LEAWOOD , KANSAS - ( August 9 , 2021 ) -- AMC Entertainment Holdings , Inc. ( NYSE : AMC ) ( " AMC " or " the Company " ) , today reported results for the second quarter ended June 30 , 2021 . As of June 30 , 2021 , AMC operated 593 domestic theatres representing 100 % of its domestic theatres and 335 international theatres representing approximately 95 % of its international theatres . The majority of international theatre operations were suspended for the first two months of the second quarter and did not reopen until early June . Adam Aron , Chairman and CEO of AMC commented , " The second quarter of 2021 was transformational for AMC . We raised yet another $ 1.25 billion of new equity capital ( before commissions and fees ) in the quarter , boosting our quarter ending liquidity to more than $ 2 billion ( including cash and undrawn revolving lines of credit ) which is about double the previous highest ever such mark in AMC's 101 - year history . We believe this gives AMC financial staying power to navigate boldly amidst coronavirus waters . And by June 30 , substantially all of our theatres were open again to entertain and delight our guests . Thanks to increased vaccination counts in the countries we serve , we started to see rising movie going demand , and we safely welcomed more than 22 million guests back to our theatres across the globe during the course of the second quarter . New blockbuster films released during the quarter drove successive new pandemic - era box office records . And fortunately for us , as guests returned to our theatres , they splurged on our food & beverage offerings , which admittedly is quite a high - margin business . At the same time , we diligently managed our costs in every aspect of our operations . These actions produced financial results in the quarter that were considerably well ahead of our own and third - party expectations . " Aron added , " AMC's journey through this pandemic is not finished , and we are not yet out of the woods . However , while there are no guarantees as to what the future will bring in a still infection - impacted world , one can look ahead and envision a happy Hollywood ending to this story . We would like to think that someday when a movie is filmed about AMC and COVID , its title will be one compelling word , ' Recovery . ' But , only time will tell . " Aron concluded , " It is also worth noting that our sheer will to drive through this COVID - 19 crisis clearly resonated amongst those who also were committed to our survival , because seeing movies in theatres has been a central part of the cultural fabric of society the world over for decades and decades and decades . There are many who shared our passion that moviegoing at our theatres should continue for future generations . Accordingly , we are ever so grateful to the friends and allies that AMC has gathered along the way . They can take comfort in knowing that as we rebuild our company , our deeper cash reserves allow us to stay the course , to innovate again and to capitalize on opportunities around us . In short , as the largest movie theatre operator in the world , AMC is playing on offense again . "