AMC Entertainment Holdings reported second-quarter revenue of $1.40 billion, a 35.6% jump from a year earlier and ahead of the roughly $1.35 billion analysts expected. The movie-theater chain broke even on an adjusted per-share basis, outperforming forecasts for a loss of up to nine cents, while its net loss narrowed to $4.7 million from $32.8 million. Shares rose as much as 9% in pre-market trading and closed up 3.4%. Attendance climbed 25.6% to 62.8 million patrons, fueled by box-office hits such as “A Minecraft Movie” and “Lilo & Stitch.” U.S. traffic increased 28.5% to 46.9 million. Record spending lifted consolidated admissions revenue per patron above $12 and overall revenue per patron to a new high of $22.26. Adjusted EBITDA soared nearly five-fold to $189.2 million as higher occupancy in premium auditoriums boosted margins. Chief Executive Officer Adam Aron said the results reflect a recovering box office and stronger execution at both the AMC and Odeon circuits. Management added that all 2026 debt maturities have been refinanced to 2029, providing additional balance-sheet flexibility as the company expands premium formats such as IMAX, Dolby Cinema and Laser-equipped screens.
AMC Entertainment surpassed Wall Street estimates for second-quarter revenue, as top US blockbusters such as 'A Minecraft Movie' and 'Lilo & Stitch' drove more people to its theater chains https://t.co/yqatpxVwiK https://t.co/oPAP4Z8g1c
$AMC finished the day up 3.4%. It announced revenue was $1.4 billion, exceeding analyst estimates by $50 to $60 million. https://t.co/o5dCRTN8VO
AMC Theatres CEO: "Our second quarter results are a combination of a recovering industry-wide box office, and the undeniable fact that both AMC and Odeon are executing so well in so many different ways." $AMC https://t.co/pBR3wDJwOi