AMC Entertainment revenue fell last quarter plunged to $162 million from close to $1.5 billion the year as the global pandemic squeezed exhibition.
That beat expectations, coming about $20 million above Wall Street’s consensus estimates. The stock is up 3% in late trading.Net losses widened to $946 million, including a hefty one-time impairment charge, from $13.5 million the year before.As of March 5, AMC was operating 527 of its 589 domestic locations and 78 of its 356 internationally.
In regions where theatres are not yet able to open AMC said it continues to have “productive discussions with local and state authorities about the appropriate timing for a resumption of operations.”“This past year has presented AMC with the most challenging
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