Signifying the Covid pandemic might be behind us now, AMC Entertainment (AMC) beat expectations in its latest quarterly report. As attendance leaped to around 39.1 million in Q1, from 6.9 million in the same period last year, revenue clocked in at $785.7 million, amounting to a 429.8% year-over-year increase and coming in above the $743 million Wall Street had expected. However, audience turnout volumes are still below pre-pandemic levels, while the costs to service the debt accrued during the pandemic’s lockdown keep weighing on the company's profitability. As such, AMC reported a net loss of $337.4 million - translated to an adj. EPS of -$0.52.
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AMC Entertainment (NYSE:AMC)
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