Reported about 11 hours ago
AMC Entertainment exceeded Wall Street revenue expectations in the second quarter, driven by popular movies like 'A Minecraft Movie' and 'Lilo & Stitch,' resulting in a 26% increase in attendance. The company reported a revenue rise of 35.6% to $1.40 billion, above the expected $1.35 billion, and saw its stock price jump 7% in premarket trading. CEO Adam Aron highlighted the popularity of premium viewing experiences, which operate at significantly higher occupancy rates.
Source: YAHOO