
Cinemark Holdings reported second-quarter revenue of $734.2 million, exceeding analyst expectations. Despite this revenue growth, the company experienced a significant profit drop of 62%, resulting in a net income of $45.8 million. The CEO highlighted the success of 'Inside Out 2' as a key factor in mitigating losses. In contrast, AMC Entertainment faced challenges with a 23.5% revenue decline to $1.03 billion, down from $1.35 billion in the same period last year. The company reported a net loss of $32.8 million, attributed to a weak movie lineup and disappointing box office performances from films like 'Furiosa: A Mad Max Saga' and 'The Fall Guy.' AMC's earnings per share matched expectations at $(0.43). Despite the losses, AMC ended the quarter with $770 million in cash, and CEO Adam Aron noted a resurgence in box office activity, with June's performance nearly matching the combined totals of April and May. The stock of AMC rose by 3% following the earnings announcement.
During a quarter in which box office grosses started off weaker, the nation’s biggest exhibitor AMC Theatres posted a net loss as well as revenue almost $300 million below the comparable frame a year ago. https://t.co/3nuShyE2u4
AMC Entertainment Holdings, Inc. $AMC Q2 2024 EARNINGS CALL SUMMARY https://t.co/5BhR9iQcEW
‘Inside Out 2’ success is AMC’s saving grace in Q2, stock rises 3% https://t.co/xSGSqQzIlD




