AMC Entertainment reports Q2 EPS 1c, consensus (4c)

Reports Q2 revenue $1.348B, consensus $1.29B. dam Aron, Chairman and CEO of AMC said, “While we still have much work ahead of us on this front, AMC’s glide path to eventual recovery continued with significant pace in the Q2 of 2023 as our results set new records and represent AMC’s strongest second quarter in four full years. Following an impressive start to the year in the Q1 of 2023, the Q2 yet again showed great progress. AMC saw more than a 12% growth in attendance, a 15% growth in total revenue and a 71% increase in Adjusted EBITDA compared to the Q2 of 2022. Indeed, Adjusted EBITDA was $182.5M, the highest such quarterly figure since the Q4 of 2019.”