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AMC beats revenue estimates as theaters reopen

StreetInsider2021-11-09

(Reuters) -AMC Entertainment Holdings Inc on Monday beat Wall Street estimates for quarterly revenue, as movie buffs returned to theaters for new releases such as "Shang-Chi and the Legend of the Ten Rings" and "Black Widow".Rising COVID-19 vaccinations and easing curbs are enticing consumers back to the big screen after months of shutdown during the pandemic, when they had resorted to streaming new releases from home.

Marvel's "Shang-Chi" was one of the biggest grossers since the pandemic and broke a box-office record for the Labor Day weekend.

AMC's net loss narrowed to $224.2 million, or 44 cents per share, for the third quarter ended Sept. 30, from $905.8 million, or $8.41 per share, a year earlier.

Revenue at the company, one of the "meme stocks" that has gained exponentially this year, rose to $763.2 million in the third quarter, from $119.5 million a year earlier.

Analysts on average had expected revenue of $708.3 million, according to IBES data from Refinitiv.

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评论35

  • Richard0208
    ·2021-11-09
    Good news
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  • SanWangtikup
    ·2021-11-09
    Good 
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  • Proximus
    ·2021-11-09
    We are going to the Moon…….. soon
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  • JarenSin
    ·2021-11-09
    It's not just about the movie, it's also about the people who goes to catch the movie.
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  • Charging
    ·2021-11-09
    [微笑] 
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  • trojan1337
    ·2021-11-09
    Lets go!!
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    • Charging
      [微笑]
      2021-11-09
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  • soofj
    ·2021-11-09
    Yeah 
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  • Tailwind
    ·2021-11-09
    Wow
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  • Chris68
    ·2021-11-09
    Good progress and looking forward for a net profit in Q4 earning.
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    • Chris68
      Yep
      2021-11-09
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  • AJ8
    ·2021-11-09
    Moon!
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  • leejk
    ·2021-11-09
    Thanks
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  • KCTOH
    ·2021-11-09
    Wow.
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  • IZLIN
    ·2021-11-09
    回复
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  • JCai
    ·2021-11-09
    Yay
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    • Jdheng1
      yes
      2021-11-09
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    • JCai
      good
      2021-11-09
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  • Wawababe
    ·2021-11-09
    Yes… so happy… hope everything will b beta… back to normal…up up up 💪🏻💪🏻💪🏻
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  • dception
    ·2021-11-09
    Woah
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    • dception
      woah
      2021-11-09
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  • Lalalanana
    ·2021-11-09
    Ok
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  • AngieAbcde
    ·2021-11-09
    So does AMC go down from earnings announcement? Say $45 to $37 and we pick up from there again?
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  • Huatkor
    ·2021-11-09
    There’s a glimmer of hope on the horizon. 
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    • ZhiLing
      ya
      2021-11-09
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  • koolgal
    ·2021-11-09
    Great news for AMC investors as the economy reopens and more people are going to theatres once again!  Not forgetting more popcorn sales too!  AMC to the moon! 🚀🚀🚀🌙🌙🌙
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    • koolgal
      Thanks
      2021-11-09
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    • JarenSin
      woohooo!
      2021-11-09
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    • koolgal
      Yes! 🚀🚀🚀🌙🌙🌙
      2021-11-09
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