AMC Entertainment Narrows Q2 Loss, Revenue Jumps As Box Office Recovers

AMC Entertainment, the largest U.S. and global theater chain, saw its finances improve in the June quarter and its stock pop Monday as CEO Adam Aron cited a recovering box office industry-wide and stronger numbers across AMC and Odeon in Europe. Revenues rose 35% to $1.4 billion Net loss narrowed to $4.7 million from $32.8 million. Adjusted earnings before interest, taxes, depreciation and amortization (ebitda) rose to $189 million compared to $38 million. A post-Covid, post-strike recovery didn’t really t ...