Just a small recap of the Q2 AMC Earning calls.
- Acquired additional theaters to add to their arsenal.
- Gaming, Concerts, and Sporting events will be held at theaters around the world (Mention of possible GME + AMC partnership?? Correct me if I'm wrong)
- Earnings were beat by a healthy margin
- By year end, AMC will have the tech to accept Bitcoin for movie tickets and concessions online at all US Theaters.
- Will be more proactive in investing in crypto related services.
- Additional Investor Connect perks
- AA Twitter activity has astronomical numbers of engagement from users worldwide.
- $0.50 Increase of admission ticket prices due to rising costs
- Universal x AMC exclusive theatrical screenings and bond continues to be strengthen
- Warner Bros. theatrical movie screenings will be held at AMC 45 days before being sent to at home screenings/services such as HBO.
- New Policy for the board/insiders: AA required to hold a number of owned or granted shares at least equal to 8 years of his salary, CFO required to hold 6 years of his salary, Executive VP required to hold 4 years of his salary, Senior VP required to hold 2 years of his salary.
- AA has not sold one share of AMC stock out of his 5 full years of him running AMC even though it represents more than 3/5 of his total annual compensation. He promises to not sell any AMC shares even in September when he is able to after lock up period.
- 10B51 Plan implemented by AA himself for himself.
- AA says dividends will be decided possibly by next year due to cash management and strategically using their resources wisely.
- AA says that there will not be a mascot as of YET, but says to check the marketing in the next couple of weeks. (HINT HINT: Possible Oogaa Booga Vibes??)
- No Drive in Theaters.
- 2 Billion in liquidity as of right now
- AMC merchandise possibly in the near future? Very tricky to handle sending merchandise to 600 locations and having to hold inventory.
- Bowling, Family Dining, Arcades, VR, etc have already been experimented on by AMC, but the implementation would be costly and might be something to venture into after being able to generate enough capital to support these types of perks and experiences.
- Food & Beverage sales up 44%!!!
That's everything that I was able to scrounge up listening to the earnings call. I know we didn't hear things about shorts or a share recall, etc but regardless, still a lot of vital information and definitely good information! If you have anything else that you want to add that I missed, please feel free to leave it in the comments!! LFG Apes. This earnings call has been the best we've heard this year. Lets keep the positive sentiment going! I'm very bullish off this earnings call. 🚀🦍
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