AMC Reports $32 Million Loss Amid Q2 Box Office Struggles

The theater chain cites delayed film releases and weaker summer blockbusters as key factors in revenue decline.

AMC's Q2 revenue fell 23% year-over-year to $1.03 billion.
Attendance dropped by 25%, with only 50 million patrons compared to 66 million last year.
Theaters saw a turnaround in late June with hits like 'Inside Out 2' boosting revenues.
AMC has restructured $2.8 billion of its debt, extending maturities to 2029 and 2030.
CEO Adam Aron remains optimistic about a box office rebound in the second half of 2024.