Top movie theater circuit AMC Entertainment offered investors a preview of its first-quarter financial results late Friday, with key metrics coming in ahead of Wall Street expectations.
The company plans to report its final quarterly numbers on May 8. Occasionally, public companies release preliminary numbers, especially those under scrutiny as AMC is during its recovery from the dual strikes of 2023.
Like its peers in exhibition, the company has been hurt by a slowdown in the overall production pipeline, with total box office slumping this year on top of the painful crawl out of the long shutdowns of the pandemic.
Revenue in the quarter ended March 31 came in at $951.4 million, a shade less than the $954.4 million in the same period of 2023.
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