‘Wicked,’ ‘Moana 2’ and Other Holiday Hits Lift AMC Theatres Quarterly Earnings, Losses Shrink to $135.6 Million
Reading now: 896
variety.comBrent Lang Executive Editor “Wicked,” “Moana 2” and holiday hits like “Mufasa: The Lion King” lifted quarterly earnings at AMC Entertainment.
Revenues at the world’s largest movie chain hit $1.3 billion, up more than 15% from the $1.1 billion that it reported in the year-ago period.
Losses at AMC narrowed from $182 million in the prior-year period to $135.6 million in the most recent quarter. There was a diluted loss per-share of 18 cents compared to a loss of 54 cents in the year-ago period.
Adjusted earnings before interest, taxes, depreciation and amortization more than tripped from $49.9 million to $164.8 million.
Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
