AMC's revenue tripled in the June quarter from the year’s first three months, as moviegoers returned to theaters in the spring amid increased vaccinations and subsiding pandemic restrictions
AMC Entertainment Holdings Inc.’s revenue tripled in the June quarter from the year’s first three months, as moviegoersThe movie-theater company generated $444.7 million in revenue in the second quarter, compared with $148.3 million in the first quarter and $18.9 million in the year-ago quarter. The company’s per-share loss was 71 cents, compared with a loss of $5.38 a year ago.
AMC said that, as of the end of June, all of its U.S. locations were operating, as were around 335 of its more than 350 international locations. The company reported 22 million attendees globally for the quarter. “AMC’s journey through this pandemic is not finished, and we are not yet out of the woods,” Chief Executive Adam Aron said. “While there are no guarantees as to what the future will bring in a still infection-impacted world, one can look ahead and envision a happy Hollywood ending to this story.”
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