AMC Suffers $32 Million Loss Amid Q2 Box Office Slump

Available to WrapPRO members

Revenue falls 23% year-over-year to $1.03 billion, but “Inside Out 2” provides late-quarter surge for theater chain

and
AMC Earnings
Photo illustration by TheWrap

The box office slump of April and May led to a poor second quarter for AMC Entertainment, as revenue fell 23% year-over-year and the theater chain slid to a $32 million loss. But company executives touted their recent strides towards easing the company’s immense debt load and insisted that June was a turning point for the global box office.

Here are the top line results:

Net loss: $32.8 million, down from net earnings of $8.6 million in the year-ago period.

Net loss per diluted share: 10 cents, in line with estimates from analysts at Zack’s Investment Research, but down from net earnings of 6 cents for Q2 2023

Revenues: $1.03

Jeremy Fuster

Box Office Reporter • jeremy.fuster@thewrap.com • Twitter: @jeremyfuster

Alexei Barrionuevo

Alexei Barrionuevo is the Business Editor at TheWrap. He previously served as an editor at Billboard, and before that as a staff writer at The New York Times and The Wall Street Journal. He has worked as a correspondent based in Brazil, Belgium and Venezuela.

Comments