AMC Theatres Attendance Drops 10%, Quarterly Revenues Fall
Variety • • business
Key Points:
- AMC Theatres reported a 1.4% decline in quarterly revenues to $1.28 billion for the period ending in December, with attendance dropping nearly 10% to 56.3 million patrons compared to the previous year.
- Despite lower revenues and attendance, AMC reduced its net loss to $127.4 million from $135.6 million a year earlier, with diluted loss per share improving from 35 cents to 25 cents.
- Food and beverage revenue slightly decreased to $436.5 million, while admissions revenue fell to $701.6 million, reflecting weaker ticket sales compared to the prior year.
- AMC converted most of its equity in Hycroft Mining Holding Corporation into approximately $24.1 million in
