‘Wicked,’ ‘Moana 2’ and Other Holiday Hits Lift AMC Theatres Quarterly Earnings, Losses Shrink to $135.6 Million
Global box office earnings for the world’s leading cinema chain surpassed $1.3 billion, marking a significant increase of over 15% compared to the $1.1 billion recorded in the same quarter last year. The financial deficit at AMC reduced from $182 million during the previous period to $135.6 million in the recent quarter. This translated into a diluted loss per share of 18 cents, as opposed to a loss of 54 cents in the corresponding period last year. Moreover, the Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) saw a remarkable increase, rising from $49.9 million to $164.8 million.