Business · Companies · 6 hrs ago

AMC Theatres posts record $1.71 billion quarterly revenue and a profit

AMC Theatres posts record $1.71 billion quarterly revenue and a profit

AMC Theatres reported record quarterly revenue of $1.71 billion for the three months ended Sept.

30.

The world’s largest cinema chain said revenue rose 31.6% from a year earlier, setting a record for the second quarter in a row.

Spider-Man: Brand New Day and The Odyssey drove strong ticket sales, while revenue from admissions reached about $953 million.

Customers also spent more at concession stands, which brought in about $589 million.

AMC earned $109.3 million in net income, compared with a $298.2 million loss in the same quarter last year.

The results matter because AMC has faced years of losses and substantial debt, though the company completed a refinancing covering about 97% of its debt in October.

AMC expects upcoming films to support box office growth through the rest of the year, and plans for its Leawood Pictures label to begin releasing films in 2027.

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Adam AronAMC CEO
Today, we can finally say that AMC has recovered
via Variety
AMC now moves forward from a position of significantly increased balance sheet strength.
via TheWrap