AMC Quarterly Revenues Beat Projections as Moviegoers Begin to Return to Cinemas

Audiences are slowly but surely returning to cinemas. That’s the takeaway from AMC Entertainment’s most recent quarterly earnings report, which saw the world’s largest exhibitor post $755.6 million in revenue, a major increase from the $119.5 million in revenue that it reported in the same period in 2020. Losses for the three month period ending in September also shrunk, falling to $224.2 million, or 44 cents per share, compared to the $905.8 million, or $8.41 per share, that the company hemorrhaged in the year-ago quarter. That came at a time when COVID-19 was raging, vaccines were not available and most… Read Full Article