AMC Theatres Revenue Slides 5% Despite ‘Deadpool 3’ Boost
Despite a big boost in business from late summer titles like “Deadpool & Wolverine,” AMC Theatres couldn’t get into the black in Q3 of 2024. The company reported a $20.7 million net loss in Wednesday’s earnings report.
Here are some of the topline figures:
Revenue: Thanks to films like “Deadpool 3,” Universal’s “Despicable Me 4” and “Twisters,” and Warner Bros.’ “Beetlejuice Beetlejuice,” revenue for AMC reached a strong $1.33 billion. Still, that was approximately 5% down from last year, when “Barbie” and “Oppenheimer” combined to set box office records.
Eps: Despite another quarterly loss, Q3 2024 is the closest AMC has been to getting in the black, reporting an adjusted loss per share of 6 cents that’s just above the 7-cent projections from Zacks Investment Research. That’s also slightly above the loss of 9 cents from the prior year’s Q3 and up from last quarter’s 43-cent loss.
Concessions record: Despite these topline slips,...
Here are some of the topline figures:
Revenue: Thanks to films like “Deadpool 3,” Universal’s “Despicable Me 4” and “Twisters,” and Warner Bros.’ “Beetlejuice Beetlejuice,” revenue for AMC reached a strong $1.33 billion. Still, that was approximately 5% down from last year, when “Barbie” and “Oppenheimer” combined to set box office records.
Eps: Despite another quarterly loss, Q3 2024 is the closest AMC has been to getting in the black, reporting an adjusted loss per share of 6 cents that’s just above the 7-cent projections from Zacks Investment Research. That’s also slightly above the loss of 9 cents from the prior year’s Q3 and up from last quarter’s 43-cent loss.
Concessions record: Despite these topline slips,...
- 11/6/2024
- by Jeremy Fuster
- The Wrap
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