From $32 million loss to just $4.7 million, AMC's big comeback sends shares soaring over 8%
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AMC Entertainment Stock Jumps Over 8% on Strong Q2 Results
AMC Revenue Climbs 35%, Beating Wall Street Expectations
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Movie Attendance Jumps 26% Amid Industry Recovery
CEO Adam Aron Highlights Strategic Debt Management
Premium Offerings Drive Growth and Customer Engagement
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is staging a dramatic comeback, and Wall Street is taking notice as shares of the iconic movie theatre chain jumped over 8% in early Monday trading after the company reported a far stronger-than-expected second quarter, as per a report.Just a year ago, AMC was staring down a $32.8 million loss, and now, that figure has shrunk to just $4.7 million, or 1 cent per share, marking a significant improvement that has investors and moviegoers alike paying attention, as per a CNBC report.ALSO READ: iPhone 17 Pro Max leak: 3 game-changing upgrades Apple fans can't ignore The company pulled in nearly $1.4 billion in revenue, up 35% from the same quarter last year and slightly beating Wall Street's estimate of $1.35 billion, CNBC reported, citing data from LSEG.Even more impressively, AMC broke even on an adjusted per-share basis, while Wall Street analysts had expected that the company would post an adjusted loss per share of 8 cents, CNBC reported, citing LSEG data.ALSO READ: 10 must-change iOS 18.6 settings that'll make your iPhone feel like day one again Behind the numbers is a simple reason that more people are going to the movies again, according to the report. AMC reported a 26% jump in attendance compared to last year, signaling that the box office rebound might finally have legs after being hit hard by post-pandemic trends and last year's writers' and actors' strikes, as reported by CNBC.AMC CEO Adam Aron credited the turnaround to an industry-wide recovery and strategic financial moves that have strengthened the company's footing, according to the report.ALSO READ: As the July jobs report paints a grim picture, 114 companies plan layoffs in August - is yours on the list? Aron said, 'We've now addressed all of our 2026 debt maturities pushing them out to 2029,' as quoted by CNBC. He highlighted that, 'In so doing, we have put in place a solid foundation to capitalize on what we believe will be our industry's continued growth momentum, especially evident in the fourth quarter of 2025 and continuing deep into 2026,,' as quoted in the report.He also pointed to record-setting numbers: AMC's consolidated admissions revenue per patron topped $12 for 'the first time ever,' with total consolidated revenue per patron reaching an 'unprecedented' $22.26, as reported by CNBC.ALSO READ: Is Google's AI revolution a threat to website traffic for digital publishers? Here are strategies to stay ahead Part of AMC's momentum is coming from its premium experiences as the firm reported significant growth in its premium offerings, including its AMC Go Plan, with premium auditoriums operating at about three times the occupancy of regular auditoriums, according to the report.The CEO explained that, 'The combination of a resurgent box office, our unparalleled theatre footprint with premium experiences galore, our compelling marketing programs and our increasing financial strength have a flywheel impact when they all are happening simultaneously,' as quoted by CNBC.Losses dropped from $32.8 million to just $4.7 million, as per the CNBC report.Yes. AMC made nearly $1.4 billion, beating estimates by about $50 million, as per the CNBC report.
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