Giant theater chain AMC Entertainment saw revenue jump fivefold and losses narrow sharply amid an ongoing box office recovery.
“When Hollywood releases films that moviegoers want to see, people flock to cinemas in huge numbers to watch movies where they were designed to be seen, in theatres, on the big screen,” said CEO Adam Aron about a theatrical biz on a high just now with Dr. Strange in the Multiverse of Madness.
“Our results for the first quarter of 2022 represent AMC’s strongest first quarter in two full years. We continue on our pandemic recovery trajectory, more than quintupling revenues and improving adjusted Ebitda by nearly eighty percent compared to a year ago. The significant progress AMC has made is very rewarding, as our guests continue to recognize the unparalleled movie-going experience offered by AMC,” he said.
Aron ticked off upcoming films this year including Top Gun: Maverick, Jurassic World Dominion,...
“When Hollywood releases films that moviegoers want to see, people flock to cinemas in huge numbers to watch movies where they were designed to be seen, in theatres, on the big screen,” said CEO Adam Aron about a theatrical biz on a high just now with Dr. Strange in the Multiverse of Madness.
“Our results for the first quarter of 2022 represent AMC’s strongest first quarter in two full years. We continue on our pandemic recovery trajectory, more than quintupling revenues and improving adjusted Ebitda by nearly eighty percent compared to a year ago. The significant progress AMC has made is very rewarding, as our guests continue to recognize the unparalleled movie-going experience offered by AMC,” he said.
Aron ticked off upcoming films this year including Top Gun: Maverick, Jurassic World Dominion,...
- 5/9/2022
- by Jill Goldsmith
- Deadline Film + TV
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