financetom
Business
financetom
/
Business
/
AMC tops revenue target as box office hits drive strong demand
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
AMC tops revenue target as box office hits drive strong demand
Feb 25, 2025 2:54 PM

(Reuters) - AMC Entertainment ( AMC ) topped Wall Street estimates for quarterly revenue on Tuesday, boosted by wildly popular releases including "Moana 2" and "Wicked" that helped draw a strong crowd of moviegoers.

Shares of the company rose about 3% in extended trading after it reported a 20% jump in attendance in theaters in the fourth quarter.

AMC's results are another sign Hollywood studios and cinemas have rebounded from disruptions caused by the strikes in 2023 by writers and actors, which left theater chains with a thin slate of releases in the first half of last year.

Disney's animated musical "Moana 2" debuted with an estimated $368 million in global ticket sales, and combined with "Wicked" and "Gladiator II" helped deliver the biggest Thanksgiving weekend in U.S. and Canadian box office history.

Leawood, Kansas-based AMC said attendance in theaters rose to 62.4 million, compared with 51.9 million a year earlier.

The strong attendance numbers could also help quell some fears around the death of cinema, after prolonged closures during the COVID-19 pandemic sparked concerns audiences might prefer to stream movies at home rather than heading to theaters.

AMC also generated about $114 million in free cash flow in the quarter, marking its highest quarterly cash flow post pandemic.

The company expects to see material growth in the industry-wide box office in 2025 and beyond, CEO Adam Aron said, pointing to "a growing lineup of movies (that) open exclusively in movie theaters".

Revenue for the fourth quarter ended December 31 rose 18% to $1.31 billion, compared with analysts' average estimate of $1.30 billion according to data compiled by LSEG.

The company reported net loss of $135.6 million, smaller than the $182 million loss a year earlier.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Salesforce Insider Sold Shares Worth $592,384, According to a Recent SEC Filing
Salesforce Insider Sold Shares Worth $592,384, According to a Recent SEC Filing
Jul 23, 2025
04:41 PM EDT, 07/23/2025 (MT Newswires) -- Marc Benioff, Director, Chair and CEO, on July 22, 2025, sold 2,250 shares in Salesforce ( CRM ) for $592,384. Following the Form 4 filing with the SEC, Benioff has control over a total of 22,018,571 common shares of the company, with 11,911,571 shares held directly and 10,107,000 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1108524/000112760225019524/xslF345X05/form4.xml...
Southwest misses profit expectations as weak domestic demand erodes fares
Southwest misses profit expectations as weak domestic demand erodes fares
Jul 23, 2025
July 23 (Reuters) - Southwest Airlines ( LUV ) missed Wall Street estimates for second-quarter profit on Wednesday, pressured by weak domestic travel demand that has led to more empty seats and softer fares. The budget carrier reported an adjusted profit per share of 43 cents, compared with analysts' average expectations of 51 cents, according to data compiled by LSEG....
Globe Life Q2 Operating Earnings, Revenue Increase
Globe Life Q2 Operating Earnings, Revenue Increase
Jul 23, 2025
04:40 PM EDT, 07/23/2025 (MT Newswires) -- Globe Life ( GL ) reported Q2 operating earnings late Wednesday of $3.27 per diluted share, up from $2.97 per share a year earlier. Analysts polled by FactSet expected $3.25. Revenue for the quarter ended June 30 was $1.48 billion, up from $1.44 billion a year earlier. Analysts polled by FactSet expected $1.51...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved