“The Bayers”, “Moana 2” and the Holiday Hits like “MUFASA: The Lion King” raised the quarterly profits at Amc Entertainment.
Revenue in the largest film series in the world amounted to $ 1.3 billion, an increase of more than 15 % of 1.1 billion dollars in the previous period. AMC losses narrowed from $ 182 million in the previous year to $ 135.6 million in the last quarter. There was a reduced loss per share of 18 cents compared to the loss of 54 cents in the general fig. Modified profits before interest, taxes, depreciation and firefighters have multiplied more than $ 49.9 million to 164.8 million dollars.
AMC’s quarterly losses included fees for a shortage of 106.9 million dollars, which it said was arose from “long -term assets”.
More cinema pioneers bought tickets to AMC places in the past three months of 2024, with an increase in attendance from 51.9 million guests to 62.4 million guests, which is a record number after guardianship. Ticket buyers also deal with soft drinks and snacks in larger numbers. Food and drink revenues for each sponsor reached $ 7.15-a record in the fourth quarter of AMC.
The arrow of the theater chain jumped more than 6.7 % in the post -hours trade. Its revenues and losses topped the Wall Street expectations.
Of course, we are happy with our impressive end for this year. We also rest for the result
“The decisive measures that we have taken during 2024 to enhance our public budget, reduce our debt levels, enhance our cash reserves, and continue to put the AMC to flourish with the growth of the box office,” Adam Aaron, the CEO of AMC, said in a statement.
He pointed out that throughout the year 2024, AMC, who struggled under the weight of the debts that he rose before Covid when she went in a purchase boom, reduced her obligations by more than $ 375 million. It ended the year with more than 630 million dollars of available cash.
