AMC's Q4 Share Gains Signal Turbulent 2024 Ahead, Predicts Wedbush

Analyst firm Wedbush expects AMC Entertainment Holdings Inc. to see share gains in its Q4 earnings report, attributing this to its expanded market share and success with concert films. However, Wedbush warns that 2024 could be a challenging year for AMC due to potential box office declines and debt repayment obligations. The company faces a first-quarter EBITDA loss, but is expected to return to positive EBITDA later in the year and expand margins in 2025. Despite opportunities for market share expansion and European circuit upgrades, concerns remain about AMC's heavy debt load and lack of a dividend. CEO Adam Aron has indicated that he will address the company's performance during the Q4 earnings call.