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AMC Theatres Sets All-Time Record for Quarterly Revenue
Variety • • business
Key Points:
- AMC Theatres reported a record-breaking quarter with total revenue of $1.71 billion for Q3, a 31.6% increase from $1.30 billion a year earlier, driven by hits like “Spider-Man: Brand New Day” and “The Odyssey.”
- The company swung to a net profit of $109.3 million, compared to a $298.2 million loss in the same quarter last year, with earnings per share rising to 12 cents from a loss of 58 cents.
- CEO Adam Aron credited the strong performance to the popularity of premium large formats, the A-List subscription service, and a resurgent box office, highlighting record domestic theatrical revenue surpassing $8 billion.
- AMC’s food and beverage revenue grew 30% to $589.5 million, while ticket revenue increased 33% to $954.5 million, reflecting higher consumer spending on concessions.
- With upcoming blockbuster releases like “Avengers: Doomsday,” “Dune: Part III,” and “The Hunger Games: Sunrise on the Reaping,” AMC expects 2027 to be the biggest post-pandemic box office year.
