Theater chain AMC beats revenue estimates, expects weaker second quarter https://t.co/HVRRYOdrsd https://t.co/rGX3IIcsH5
AMC’s Q1 loss narrows as CEO says ‘better times are ahead’ for theater chain https://t.co/cTMcGjTeJM
$AMC Theaters chipped away at its debt in Q1, but revenue stayed flat amid a weak box office https://t.co/azjLJzBuaW


AMC Theatres reported a narrowed net loss in the first quarter of 2024, with the loss improving to $163.5 million from $235.5 million in the same period last year. Total revenues slightly decreased to $951.4 million from $954.4 million. The company's loss per diluted share also improved, dropping from $1.71 to $0.62. Despite a weaker box office contributing to flat revenues, the theater chain is optimistic about the future, with the CEO indicating that 'better times are ahead'. Additionally, AMC has made progress in reducing its debt during this period. However, details on Adjusted EBITDA were not fully disclosed.