AMC tops revenue estimates as blockbuster titles boost theater attendance
AMC Entertainment surpassed Wall Street estimates for second-quarter revenue on Monday, as top U.S. blockbusters such as 'A Minecraft Movie' and 'Lilo & Stitch' drove more people to its theater chains.
Shares of the company rose seven per cent in premarket trading, after it also reported a nearly 26 per cent jump in attendance during the period.
'Clearly, moviegoing guests prefer to see their favorite films in the most immersive, most spectacular formats possible,' CEO Adam Aron said.
'Our premium auditoriums are operating at close to three times the occupancy of a regular auditorium and command a healthy price premium to boot.'
The film industry across the globe has benefited from a recovering box office and growing consumer demand for premium moviegoing experiences.
Warner Bros Discovery's video game-based film 'A Minecraft Movie' grossed nearly US$1 billion globally, helping the company report 55 per cent growth in the studio unit and a surprise profit during the April to June period.
AMC's second-quarter revenue rose 35.6 per cent to $1.40 billion. Analysts on average estimated $1.35 billion, according to data compiled by LSEG.
Aron said the company would continue to roll out more IMAX, Dolby Cinema, Prime, iSense, XL and Laser equipped screens.
Its net loss stood at $4.7 million, compared with the loss of $32.8 million a year earlier.
(Reporting by Harshita Mary Varghese in Bengaluru; Editing by Shilpi Majumdar)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
18 minutes ago
- Globe and Mail
Trump says tariffs will not be placed on gold, bringing relief to bullion markets
U.S. President Donald Trump on Monday said he would not impose tariffs on gold, a move welcomed by global bullion markets and which ended days of speculation that the yellow metal could be caught up in the ongoing global trade spat. 'Gold will not be Tariffed!' Trump said in a statement posted on his social media account. He gave no details. The U.S. Customs and Border Protection had posted a ruling on its website on Friday saying that Washington might place the most widely traded gold bullion bars in the United States under country-specific import tariffs, which would have rocked the metal's global supply chains. In response, a White House official told Reuters on Friday that the Trump administration was preparing an executive order 'clarifying misinformation' about tariffs on gold bars and other specialty products. A U.S. gold tariff would have been especially harmful for Switzerland, a major refining and transit hub for gold. Trump's Monday post removes that concern. Analysis: Gold and Trump's chaos are key to the TSX's stellar performance this year 'Delighted to hear the crisis has been averted,' said Ross Norman, an independent gold market analyst. 'It will come as an enormous relief to the bullion markets, as the potential for disruption was incalculable.' U.S. gold futures dropped 2.4 per cent to $3,407 per ounce after Trump's post on Monday, reducing a premium over spot gold, the global benchmark, which fell 1.2 per cent to $3,357. Shares of Barrick Mining ABX-T fell 2.8 per cent on Monday afternoon after the company posted quarterly results, while shares of Newmont NGT-T – the world's largest gold miner – were down slightly to $68.87. Both companies are major U.S. gold producers.
National Post
18 minutes ago
- National Post
Piers Morgan fires back after Jake Paul legal threat over 'staged' fight claim
Article content However, Paul relished the host's statement, calling Morgan a 'peasant' in a post on Instagram. Article content 'Omg the first peasant that I sue gets on his knees and apologizes – who am I suing next for lying on my name?' Paul wrote Saturday on his Instagram Stories. Article content 'If anyone says my fights are staged you will be sued and secondly you're a jealous a** peasant who cannot even believe how good I am at this sport and you should go to church to fix your insecurities,' Paul continued. 'I pray for you because I have so much love humanity and that includes the people who are against me – genuinely I pray for you and I want the world to be in a better place. You people are filled with a disease and I'm here to help you cure it.' Article content Morgan countered right back at the boxer, saying that he was not sued. Article content 🤣I'm not a peasant, I'm not on my knees, he didn't sue me, and I didn't apologise. Other than that, spot on @jakepaul! — Piers Morgan (@piersmorgan) August 10, 2025 Article content Article content 'I'm not a peasant, I'm not on my knees, he didn't sue me, and I didn't apologize. Other than that, spot on @jakepaul!' Article content Earlier this month, Paul hired lawyer Alex Spiro, who once represented Elon Musk and Aaron Hernandez, in an effort to 'vigorously go after anyone who makes up lies about my boxing career.' Article content Paul, who sports a professional record of 12-1 in the ring, often has been called out for fighting past-their-prime former stars and former UFC stars fighters. Last November, he defeated 58-year-old Mike Tyson by decision in a bout where the former heavyweight champion looked exhausted. Article content
CTV News
18 minutes ago
- CTV News
Bullion markets breath sigh of relief after Trump says gold will not face tariffs
U.S. President Donald Trump on Monday said he would not impose tariffs on gold. (AP Photo/Newmont Mining) U.S. President Donald Trump on Monday said he would not impose tariffs on gold, a move welcomed by global bullion markets and which ended days of speculation that the yellow metal could be caught up in the ongoing global trade spat. 'Gold will not be Tariffed!' Trump said in a statement posted on his social media account. He gave no details. The U.S. Customs and Border Protection had posted a ruling on its website on Friday saying that Washington might place the most widely traded gold bullion bars in the United States under country-specific import tariffs, which would have rocked the metal's global supply chains. In response, a White House official told Reuters on Friday that the Trump administration was preparing an executive order 'clarifying misinformation' about tariffs on gold bars and other specialty products. A U.S. gold tariff would have been especially harmful for Switzerland, a major refining and transit hub for gold. Trump's Monday post removes that concern. 'Delighted to hear the crisis has been averted,' said Ross Norman, an independent gold market analyst. 'It will come as an enormous relief to the bullion markets, as the potential for disruption was incalculable.' U.S. gold futures dropped 2.4 per cent to US$3,407 per ounce after Trump's post on Monday, reducing a premium over spot gold, the global benchmark, which fell 1.2 per cent to $3,357. Shares of Barrick Mining fell 2.8 per cent on Monday afternoon after the company posted quarterly results, while shares of Newmont - the world's largest gold miner - were down slightly to $68.87. Both companies are major U.S. gold producers. (Reporting by Pratima Desai, Ernest Scheyder and Jasper Ward; writing by Susan Heavey; Editing by Leslie Adler)
