Feb 28, 09:33 PM

AMC Entertainment Shares Hit Record Lows as Box Office Declines, Taylor Swift and Beyoncé Drive Revenue, Debt Concerns Loom, Earnings Miss Estimates

AMC Entertainment shares are currently at record lows, with its meme-stock era long gone as box office performance declines and debt concerns loom. Taylor Swift and Beyoncé drove almost all of AMC Theatres' revenue increase in the last quarter, with their concert films being standouts. Despite the revenue beat, AMC reported fourth-quarter earnings below Wall Street estimates, leading to a drop in stock value.