AMC Theatres Posts Sharply Lower Quarterly Revenue
AMC Theatres, their major shareholder reported earnings of approximately $862.5 million for the three months ending March 31st, which represents a decline of about 9% compared to the same period last year that stood at $951.4 million. Additionally, AMC’s first-quarter loss expanded to an amount of around $202.1 million, marking a decrease of approximately 36% from its previous year’s loss which was $163.5 million.
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For the three months to March 31st, AMC Theatres’ parent company earned about $862.5 million, a decrease of around 9% compared to last year’s earnings of $951.4 million. Moreover, AMC’s first-quarter loss grew to nearly $202.1 million, representing a decrease of almost 36% from the loss in the same quarter last year that was approximately $163.5 million.