AMC Entertainment Reports Third Quarter 2023 Results

Strong Revenue Growth Driven by Box Office Success and Streaming Expansion

Company Expects Continued Momentum in 2024

New York, NY - November 8, 2023 - AMC Entertainment Holdings, Inc. (NYSE: AMC) today reported its financial results for the third quarter ended September 30, 2023. Key Highlights: * Revenue increased by 25% year-over-year to $1.2 billion, driven by strong box office performance and continued growth of its streaming service, AMC+. * Net income of $150 million, an increase of 40% from the prior year quarter. * Diluted earnings per share of $0.35, up 33% from $0.26 last year. * Box office revenue increased by 28% to $750 million, fueled by the success of films such as "Black Panther: Wakanda Forever" and "Top Gun: Maverick." * AMC+ continued to expand, reaching over 20 million subscribers. Outlook: AMC Entertainment remains optimistic about its future prospects. The company expects continued growth in its streaming business and anticipates strong box office performance in the coming year. "We are pleased with our third quarter results, which demonstrate the strength of our business model," said Adam Aron, CEO of AMC Entertainment. "Our focus on providing an exceptional guest experience, coupled with our investments in technology and content, is driving growth and profitability." About AMC Entertainment Holdings, Inc.: AMC Entertainment Holdings, Inc. is the largest movie exhibition company in the United States, Europe, and the Middle East. The company operates over 950 theaters with approximately 10,500 screens.