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Is AMC Entertainment’s (AMC) Record Revenue Proof That the Theater Recovery Is Finally Real?
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AMC Entertainment Holdings, Inc. (NYSE:AMC) jumped 16% in premarket trading on Monday after reporting record second-quarter revenue and a surprise adjusted profit.
Strong 2Q BeatIn detail, AMC’s revenue increased 14.2% from a year earlier to $1.60 billion.
Admissions revenue advanced to $863.1 million, and food and beverage revenue climbed to $576.1 million.
AMC’s domestic revenue increased 13%, suggesting the company grew slightly faster than the overall market.
During the quarter, AMC refinanced $400 million of notes previously due in 2027, extending those maturities by four years.